Balance Transfer Calculator
Enter your balance, current APR, and promo offer details to see if a balance transfer saves you money — and how much you need to pay each month to clear it in time.
Your current card
$
%
Balance transfer offer
$
Transfer fee
$150.00
one-time cost to move the balance
Interest on current card
$1,057.28
paying $333.33/mo for 19 months
Net savings
+$907.28
transfer is worth it
How it works
A balance transfer moves your existing debt to a new card with a low or 0% intro APR. The catch is a one-time transfer fee (usually 3–5%) and a deadline — if you don't pay off the balance before the promo period ends, interest kicks in on whatever remains.
Is it worth it?
Subtract the transfer fee from the interest you'd otherwise pay. If that number is positive, the transfer saves you money. The calculator does this automatically.