Balance Transfer Calculator
Compare your current credit card cost with a balance transfer and estimate how much you could save on interest.
Current Credit Card
Balance Transfer Offer
$0
Total estimated cost
$0
Total estimated cost
Balance Transfer Summary
Payment Needed to Clear the Balance
Estimate the monthly payment needed to eliminate the transferred balance before the promotional period ends.
What If You Pay More During the Promotional Period?
Compare different monthly payments and see how much balance remains when the promotional period ends.
| Monthly Payment | Paid During Promo | Balance After Promo | Interest + Fee |
|---|---|---|---|
| $0 | $0 | $0 | $0 |
| $0 | $0 | $0 | $0 |
| $0 | $0 | $0 | $0 |
| $0 | $0 | $0 | $0 |
Balance Transfer Payoff Progress
Estimated remaining balance during the promotional period.
How to Use the Balance Transfer Calculator
Enter your current credit card balance, current APR, and monthly payment. Then enter the promotional APR, promotional period, balance transfer fee and APR that may apply after the promotional period ends. The calculator compares the estimated cost of keeping your balance on the current card with transferring it to another credit card.
What Is a Balance Transfer?
A balance transfer allows eligible borrowers to move an existing credit card balance to another credit card, often with a lower introductory interest rate. Some balance-transfer offers provide a promotional APR for a limited period, but a transfer fee may apply.
Is a Balance Transfer Worth It?
A balance transfer may reduce interest costs when the promotional savings are greater than the transfer fee and the balance can be repaid before a higher post-promotional APR applies. Use the calculator to compare different payment amounts and promotional periods before making a decision.
How Much Should You Pay During a 0% Promotional Period?
Paying enough each month to eliminate the transferred balance before the promotional period ends can help avoid interest at the post-promotional rate. The calculator shows estimated monthly payments for several payoff targets so you can compare different repayment strategies.
The Balance Transfer Calculator USA is a free online tool that helps you estimate whether transferring high-interest credit card debt to a balance transfer card could save you money. Enter your current credit card balance, current APR, monthly payment, promotional APR, promotional period, balance transfer fee, and post-promotional APR to compare the estimated cost of staying with your existing card versus transferring the balance. The calculator estimates your potential savings, transfer fee, promotional-period interest, remaining balance after the introductory period, total interest, and estimated payoff time. It also shows the monthly payment needed to clear the transferred balance within 6, 12, 18, or 24 months and lets you compare different payment scenarios. Balance transfer offers commonly involve a promotional APR and a transfer fee, so comparing the fee with potential interest savings is important.