Balance Transfer Calculator

Calculate how much you can save by transferring your existing credit card debt to another card.

Educational Tool Only

Calculator results are estimates. Actual savings may vary. Always verify current rates and terms with card issuers before making financial decisions.

Calculator Disclaimers:

Results are estimates based on your input
Assumes consistent monthly payments and interest rates
Does not include all fees or rate changes
Actual savings may vary significantly
Not personalized financial advice

Always verify current terms with card issuers and consult financial professionals.

How Balance Transfer Savings Work

A balance transfer allows you to move debt from high-interest credit cards to a new card with a lower interest rate, often with a 0% introductory APR period. This can help you potentially save hundreds or even thousands of dollars in interest charges over time.

Potential Benefits:

Lower Interest Rates: Can help reduce the amount you pay in interest each month.
Faster Debt Payoff: More of your payment may go toward the principal balance.
Simplified Payments: Consolidate multiple cards into a single payment.
Potential Credit Score Improvement: Lowering your credit utilization can help boost your score.

Things to Consider:

Transfer Fees: Typically 3-5% of the transferred amount.
Promotional Period: 0% APR periods usually last between 12 and 21 months.
Credit Requirements: Good to excellent credit is often required for approval.
Regular APR: Know what the interest rate will be after the promotional period ends.

Disclaimer: Calculations are estimates based on your input. Actual results may vary based on your credit profile, payment behavior, and changes in interest rates. Always read full terms and conditions before applying for any credit product.

Balance Transfer Calculator

Estimate your potential savings by transferring your credit card balance to a lower interest rate card. See your possible monthly savings and the estimated difference in total interest paid over time

Calculate how much you can save by transferring your existing credit card debt to another card.

Educational Tool Only

Calculator results are estimates. Actual savings may vary. Always verify current rates and terms with card issuers before making financial decisions.

Calculator Disclaimers:

Results are estimates based on your input
Assumes consistent monthly payments and interest rates
Does not include all fees or rate changes
Actual savings may vary significantly
Not personalized financial advice

Always verify current terms with card issuers and consult financial professionals.

Ready to Start Saving?

Now that you have an estimate of your savings, browse our list of balance transfer credit cards to compare options that may be a good fit for your financial goals.

Browse Balance Transfer Cards

How Balance Transfer Savings Work

Potential Benefits:

Lower Interest Rates: Can help reduce the amount you pay in interest each month.
Faster Debt Payoff: More of your payment may go toward the principal balance.
Simplified Payments: Consolidate multiple cards into a single payment.
Potential Credit Score Improvement: Lowering your credit utilization can help boost your score.

Things to Consider:

Transfer Fees: Typically 3-5% of the transferred amount.
Promotional Period: 0% APR periods usually last between 12 and 21 months.
Credit Requirements: Good to excellent credit is often required for approval.
Regular APR: Know what the interest rate will be after the promotional period ends.