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Balance Transfer Calculator

See how much you can save by transferring credit card debt to a 0% APR promotional offer.

Key Calculations:
Transfer Fee = Balance × Fee%
New Balance = Balance + Transfer Fee
Monthly Interest = Balance × (APR / 12)

How Balance Transfers Work

A balance transfer moves high-interest credit card debt to a new card with a lower (often 0%) promotional APR. You typically pay a one-time transfer fee of 3-5% of the balance.

When It Makes Sense

  • You have high-interest credit card debt ($5,000+)
  • You can realistically pay it off during the promo period
  • The transfer fee is less than the interest you'd otherwise pay
  • You won't rack up new debt on the old card

Common Promo Offers (2024-2025)

Top balance transfer cards offer 0% APR for 15-21 months with a 3-5% transfer fee. Some cards waive the fee for transfers within 60 days.