Martin Lewis says ditch Sainsbury's, Asda, and Tesco credit cards ...

Martin Lewis has advised individuals who use prepaid supermarket credit cards, such as those from Tesco, Sainsbury's, or Asda, that they might find 'better' options with major credit card companies. The financial guru responded to a fan who is an advocate for using supermarket credit cards due to the favourable rates on loyalty points, which can be redeemed for discounts on groceries.

Martin acknowledged that Tesco's scheme could be 'quite lucrative' when converting Clubcard points into vouchers. A fan named Matthew reached out to Martin, saying: "We use credit cards for everything and clear them every month.

"At the moment we use supermarket points since the loyalty points can generally be cashed in for a higher value token. Is there a better way to make more cashback?"

To this, Martin replied: "Well if you're using the supermarket points let it be Tesco points you're converting into Tesco Clubcard deals, they can be quite lucrative."

However, Martin also mentioned that there are 'two ways' that could potentially 'really up the cashback', reports the Express. Speaking to his listeners on the BBC Sounds Martin Lewis Podcast, he said: "You've got Chase which is 1% cashback up to £15 a month... but two others I'd point out, the American Express Platinum Express Card which gives you 5 percent cashback for the first three months, that's pretty good if you've got purchases coming in the three months."

He continued: "And this is ending soon, it's the HyperJar prepaid Mastercard which anybody can open. It is giving you 2% cashback on spending via Google Pay or Apple Pay until October 31."

"The interesting thing is, the cashback is capped at a huge £200 a month. £200 a month cashback. Now at the 2 per cent level that's £10,000 of spending.

"To get it in time you have to order it now, order a physical card when you do it and spend on the card by June 21.

"But as it's a prepaid card, although it has chargeback protection, unlike a credit card it doesn't have Section 75 protection, but those who spend a lot on Google Pay or Apple Pay, that 2 per cent cashback uncapped, is quite a deal."