Trying to find the best way to make your money work can be a bit of a head spin, however sitting down and looking at the numbers may clarify a lot of issues and answer a lot of questions. Firstly is it better to take out a new credit card or is extending your overdraft the wise choice? By examining the market you will be able to make an informed decision as to which option is the best option for you and your finances.

Consider MBNA, they have a credit card that not only offers 0% on balance transfers but also on purchases. Once that period has completed a rate of 15.9% APR can be expected, compare that to an overdraft from Nationwide and you see a vast difference, their rate of 12.9% EAR highlights that it is not always best to jump in at the deep end if you can't swim in today’s shark infested financial waters.