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Balance Transfer Calculator
Compare your current card vs. a 0% APR balance transfer and see how much you could save.
🔄 Balance Transfer Calculator
Compare keeping your current balance vs. transferring to a 0% APR card.
Usually 3-5% of the transfer amount
How This Calculator Works
This calculator compares two scenarios: keeping your current card vs. transferring your balance to a 0% APR promotional offer. It shows you:
- Total interest paid with your current card
- Balance transfer fee (usually 3-5%)
- Total savings from the transfer
- Time saved paying off the debt
- Whether the transfer is worth it after fees
⚠️ Important: Make sure you can pay off the balance during the 0% promo period, or you'll be hit with the regular APR on the remaining balance!
💡 Quick Tips
- •Look for 15-21 month 0% APR offers
- •Calculate if you can pay it off during promo
- •Factor in the 3-5% balance transfer fee
- •Don't use the new card for purchases
- •Set up autopay to never miss a payment
✅ When to Transfer
- • High APR (20%+) on current card
- • Can pay off during promo period
- • Savings outweigh transfer fee
- • Good credit for approval