I'm off to Uni at the end of Sept and I'm looking for the best way to handle any debts and save money by depositing/withdrawing money to/from the right accounts.
At the moment, I have a current account with Barclay's which has a £300 overdraft limit, a Barclaycard with an £800 credit limit (which I'm about £500 into) and a Barclay's online savings account (eSaver).
Should I look into doing a balance (or super balance) transfer, or is this only recommended if you don't already have a plastic debt? What about opening a new current account with a large 0% overdraft facility in order to pay off my existing debts then doing a balance transfer with the remainder and depositing that into a high interest savings account?
I'm new to all this but I have done a bit of research into balance and super balance transfers and 'stoozing'. One thing I don't understand is, say you transfer £3000 from a credit card with 0% on balance transfers to an Egg Money Hybrid card then onto your current account or savings account, am I right in thinking you would have to make sure you were not paying an APR on the credit card because that would surely mean losing money? Are there cards with 0% balance transfers AND 0% APR?
Any advice welcome, thanks.