By Peter Kent
Shoppers have been told to cut up their store loyalty cards.
In a list of tips given by the Daily Mirror on how to save money, consumers with store cards were urged to destroy them.
The paper said that interest rates on them could be "scandalous", explaining that they could reach 30 per cent.
Consumers were also warned to be cautious in using their credit cards.
Drawing cash from these cards could mean being hit with an extra charge.
This may be as much as 2.5 per cent of the money withdrawn.
Holidaymakers were recently advised to use prepaid cards to fund themselves while they are overseas.
Peter Harrison, head of travel money for moneysupermarket.com, said prepaid cards "consistently offer great foreign exchange rates".
The price comparison site said that people could save up to £20 for every 500 euros or $500 they purchase if it is spent using a prepaid card.
