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Balance Transfer Calculator

See whether transferring a balance to a 0% promo card actually saves you money once the transfer fee is included.

Instant results Private — runs in your browser Updated January 1970

Inputs

Current balance

Current APR

Transfer fee

Promo APR

Promo period (months)

Post-promo APR

Monthly payment

You save

$1,244.71

Transfer fee: $195.00

Stay: total interest

$1,439.71

Transfer: total cost

$195.00

Payoff in promo?

Yes

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.

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.

Results are estimates for educational purposes only and are not financial advice. Verify with a qualified professional before making decisions.

Last updated January 1970