Martin Lewis

And you'd go via an eligibility calculator to check which you could get.

You would then use that 0% for spending card for all your normal spending.

And that way, the money would build up in your bank account.

I'm assuming you're not overdrawn as well.

And therefore, you'd be able to use the extra money in your bank account to clear the student loan.

So what you're effectively doing is...

is you're shifting money onto the 0% credit card, shifting debt onto it to give you money in your bank account and use the money in your bank account to clear off the student loan.

If you were to do that in your particular circumstance that you're definitely going to be clearing this soon, then it would save you money.

However, having done all that in theory, I want to throw a wobbler in here.

Your current interest rate is 3.2%.

you can earn 4.5% in easy access savings at the moment.

So if you really were going to start to play the system, you would actually be better to build up the false 0% debt and put that money in a high interest savings account, assuming that you don't pay tax on your savings.

So you're within the, you can earn a thousand pounds of interest a year or using your cash ISA allowance.

and to actually earn 4.5% or 4.7% in the top easy access cash ISA on that money and just let the debt roll on at 3.2% because the difference between the two is about 1.5%.

So you'll be 1.5% up.

If we're going to go super nerdy, if I'm putting my full geek glasses and teeth in for this one...

then the absolute best result, if you were going to play the system doing that, would be to Stooze.

Go look up Stoozing.

We've talked about it in the podcast before.

Podcast producer Simon now, once he's editing this, is going to tell you which podcast that was and when you can listen to it.