MTTM Podcast Episode 457 – Credit card minimum payment trap, Best mobile provider & Technical analysis revisited

1 min Read Published: 28 Apr 2024

Listen to Episode 457

In this week's episode I provide some technical analysis on the FTSE 100 and the GBP/USD exchange rate, explaining where both might head next and how you can carry out your own research for free. I also talk about a major credit card provider's change to the minimum payments on its credit cards, including the potential impact it could have on your debt and what you can do to avoid it. Finally, Andy explains why it might be worth considering a number of smaller mobile phone providers over the big four mobile networks.

Support the podcast

Support the Money to the Masses podcast by visiting our dedicated podcast page

Every time you use a link on the page we may earn a small amount of money for our podcast. We only use affiliate links that give you an identical (or better) deal than going direct. Thank you for being an incredible part of our community. Your support means the world to us.

You can also listen to other episodes and subscribe to the show by searching 'Money to the Masses' on Spotify or by using the following links:

Listen on iTunes    Listen on Android     via RSS

Message from Damien & Andy

Support the podcast!

You can now support the Money To The Masses podcast by visiting this page when making any financial decision

  • Save money
  • Earn cashback
  • Exclusive offers for listeners

Latest offers and deals*

Episode Quiz

Here are five multiple-choice questions to test yourself after listening to this week's episode.

  1. How does the Pound's value vs the US dollar usually affect the FTSE 100?
    • A) It has no effect
    • B) A stronger Pound tends to boost it
    • C) A weaker Pound tends to boost it
    • D) Variable effects based on other indices


  2. Some smaller mobile providers that piggyback larger providers' networks sometimes provide what additional benefit?
    • A) Unlimited data
    • B) Free EU roaming
    • C) Reduced fees
    • D) Extended coverage areas


  3. Which mobile phone provider did not perform well in a recent 'Which?' survey?
    • A) Giffgaff
    • B) Vodafone
    • C) Smarty
    • D) Voxy


  4. What technique involves analysing investment charts to predict where they might head next?
    • A) Quantitative analysis
    • B) Fundamental analysis
    • C) Technical analysis
    • D) Behavioural analysis


  5. With a 3.75% minimum payment on a £1k credit card debt (24.9% APR) it’ll take 11 years and 8 months to clear. If instead you paid a fixed £37.50 every month you’d clear the debt in…
    • A) 3 years 2 months
    • B) 5 years 7 months
    • C) 9 years 10 months
    • D) 12 years 1 month


  • Question 1: C
  • Question 2: B
  • Question 3: B
  • Question 4: C
  • Question 5: A


Links referred to in the podcast:

FTSE 100
FTSE 100