Martin Lewis has shared how people can save thousands of pounds if something goes wrong with a purchase by spending as little as 1p on a credit card.
The Money Saving Expert founder shared the advice as part of the weekly MSE newsletter.
Martin went on to explain that under Section 75 of the Consumer Credit Act, your card provider and the retailer are jointly responsible.
This means your card provider has to help you get your money back on purchases valued between £100 and £30,000.
But the money expert added that many people don’t realise that you don’t need to make the entire purchase on your credit card to qualify for protection.
Martin explained that in theory, you could pay 1p towards the cost of the item on your credit card, and the remaining balance on another card.
He uses the example of someone who wrote into MoneySavingExpert in 2014, explaining how she used this loophole.
The woman bought a fitted kitchen for £22,000 and paid £200 of this amount on her credit card – but she was able to get all her money back using Section 75 after the kitchen fitters went…
