Balance Transfer Credit Card Savings Calculator
See whether a balance transfer card is worth it by comparing the interest you'd pay on your current card against the transfer fee and payoff timeline on a new promo-rate card.
Estimated Total Savings
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Interest Paid on Current Card—
Balance Transfer Fee—
Interest After Promo Period—
Net Savings—
About this calculator
Estimate how much you could save in interest by transferring credit card debt to a balance transfer card, factoring in the transfer fee and promotional 0% period.
Frequently Asked Questions
How is the transfer fee calculated?
Most balance transfer cards charge a one-time fee, typically 3-5% of the transferred balance, added to your new balance immediately.
What happens if I don't pay off the balance during the promo period?
Any remaining balance after the promotional period usually starts accruing interest at the card's regular APR, which this calculator estimates.
Does this account for minimum payments changing over time?
No, this calculator assumes a fixed monthly payment throughout for simplicity.