Balance Transfer Calculator
See whether transferring a balance to a 0% promo card actually saves you money once the transfer fee is included.
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Inputs
$
%
%
%
%
$
You save
$1,244.71
Transfer fee: $195.00
Stay: total interest
$1,439.71
Transfer: total cost
$195.00
Payoff in promo?
Yes
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How it works
We simulate both paths month-by-month with your fixed payment, using the promo rate for the promo period and the post-promo rate after.
Frequently asked questions
Are balance transfers worth it?
Often yes — but only if you can pay off the bulk during the 0% promo. Otherwise the post-promo APR can erase your savings.
Does the transfer fee matter?
A lot. A 3% fee on a $10,000 transfer is $300 — make sure interest savings exceed that.
Will it hurt my credit?
Short-term yes (hard inquiry, new account), but lower utilization usually helps within a few months.
Can I transfer the whole balance?
Limited by the new card's credit line and the issuer's transfer cap (often 90% of the limit).
Can I use the new card to make purchases too?
Bad idea — purchases often don't get the promo rate and complicate payoff math.
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