Balance Transfer Calculator
Calculate whether a balance transfer can save you money after fees and the promo period.
Before you calculate
Savings depend on the promotional period, transfer fee and later APR. New purchases and issuer-specific payment allocation are excluded.
How It's Calculated
A balance transfer moves your high-interest debt to a card with a lower promotional rate, reducing the total interest you pay.
Transfer fee = Balance × Fee %; Promo interest = Remaining balance × Promo APR / 12Example Scenarios
When Transfers Make Sense
If you can pay off the balance within the promotional period, a balance transfer eliminates interest entirely — even after the transfer fee.
When to Avoid a Transfer
If the transfer fee exceeds your projected interest savings, or if you cannot pay off the balance before the promo period ends, a transfer may cost more than staying put.
Sources & calculation notes
Maintained by MoneyCalc. Results are estimates based on the inputs and assumptions shown, not personalized financial advice or a lender quote. Default rates are examples unless a specific tax year or official table is identified.
References explain the underlying concepts or rules. They do not endorse or independently certify this implementation.
Calculations run in your browser. Some tools retain settings on this device. Displayed rounding can produce small differences from a statement or contract.