CREDIT CARD DEBT TOOL

Balance Transfer Calculator

Estimate whether a promotional balance transfer could reduce your interest cost.

Balance to transfer ($)Current APR (%)New promotional APR (%)Promotion length (months)Transfer fee (%)

Current interest during promo—

Transfer fee—

Estimated savings—

Payment to clear in promo—

This is an estimate. Check the offer for its post-promotion APR, fee, eligibility rules, and payment requirements.

What to compare before transferring

Compare the transfer fee, promotional period, payment needed to clear the balance, and the APR after the promotion ends. A lower promotional rate is not automatically cheaper if the balance remains after the offer.

FAQ

What is a balance transfer fee?

It is an upfront fee charged for moving debt from one card to another, usually a percentage of the balance transferred.

Can a balance transfer save money?

It may, but only after comparing the fee, promotional period, and your expected payment plan. Use the loan cost calculator to compare another borrowing option.