Is this a good idea and am I missing something?

Ben8282

OK.
I would say do the money transfer to start and get the overdraft reduced slightly. It's a shame that they are limiting the money transfer option to £1.5k.
Concerning the Nationwide account. Is this the account that your earnings are paid into? Does the overdraft therefore reduce each month and then build up again as you spend or ?
Do not under any circumstances reduce the Barclaycard credit limit.
I wouldn't be over concerned at damaging your credit files with the Marbles cash advances as (a) they will all be in the same month not ongoing month after month with an increasing balance and (b) they will be repaid very quickly so the Marbles balance will reduce back to what it was.
It is a difficult call but I think I would be in favour of doing it so long as the end result is:
Overdraft unused and remains unused.
£4k 0% promotional rate balance on the Barcaycard with monthly repayments exceeding the minimum payment (no minimum payment marker).
Marbles card being used each month for purchases and repaid IN FULL..

TriggerHappy

Hi Ben,

Yeah, it is annoying about the cash advance limit... Even more so since they never advertised it and I never expected it haha! It's tantalises...

So my Nationwide account is where my pay goes, each month I've been trying to shave off at least £100 (not actually reducing the limit available but rather reducing the amount owed if you get what I mean?) so for the last couple of months it has gone down but it's slow progress. So yes, it goes down and then increases again over the course of the month.

All cash withdrawals will be within December and the balance transfer completed the same month.

I have no desire at all to build debt and the Marbles card is solely used for food shopping and the occasional £10 top up on the electricity meter and is actually cleared weekly as I purchase on it and then repay as soon as I get back home from the supermarket.

I think once it's all done and transferred then it'll be fine, a nice £4k 0% debt for 25 months is easily repayable as I'll also use my next annual bonus towards it in May.

The stupid thing is that I actually have savings but they're all locked away and I'll incur charges for withdrawal - I did this intentionally so I didn't 'get the urge' and waste it...

Oh well, onwards and upwards I guess

Thanks again