Balance Transfer Calculator
Use this balance transfer calculator to estimate whether moving credit card debt to a promotional balance transfer offer could reduce your interest cost.
| Balance to Transfer ($) | |
| Current APR (%) | |
| Transfer Fee (%) | |
| Promo APR (%) | |
| Promo Period (Months) | |
| Monthly Payment ($) |
How to Use the Balance Transfer Calculator
Enter your current balance, existing APR, transfer APR, fee and payoff period to compare potential savings.
Practical Example
Moving USD 5,000 from a 24% card to a 0% promotional balance transfer with a 3% fee may reduce interest if the debt is repaid before the promotional period ends.
Factors That Affect the Result
Transfer fees, promotional duration, post-promo APR, payment amount and new purchases can materially change the savings.
Frequently Asked Questions
Are balance transfers free?
Often not. Many cards charge a transfer fee.
Does 0% last forever?
No. Promotional periods are usually limited.
Can a transfer save money?
Potentially, if fees are lower than avoided interest.