Balance Transfer Calculator (0% APR Credit Card)

How to do it

1. 1
   Step 1: Open Balance Transfer Calculator (0% APR Credit Card) and add your input

   Type your numbers or text, add your file, or pick the options you need. Nothing is uploaded: everything stays in your browser.

2. 2
   Step 2: What Balance Transfer Calculator (0% APR Credit Card) does

   See how much a 0% balance transfer saves compared with keeping your balance on your current card.

3. 3
   Step 3: Read the result and compare

   The result appears at once. Change one value to see how the answer moves, then keep the figure that fits your case.

4. 4
   Step 4: Copy or save it

   Copy the result or download it. For an important decision, confirm it with the official source or an adviser.

About this tool

Enter your balance and current APR, the transfer fee, the promotional period, the rate after the promotion and your monthly payment. The calculator shows how long it takes to pay off and the interest on each path, and the net saving after the fee.

How the transfer works

The transfer fee (often 3% to 5%) is added to the balance. During the promotional months the balance earns no interest, so every payment goes to principal. After the promotion the remaining balance is charged the regular APR.

What it assumes

The same monthly payment is made on both paths, no new purchases are made and the regular rate does not change. The saving is the interest you avoid minus the fee.

Tips

Try to pay the whole balance before the promotion ends. Make the payment automatic, because missing one can end the 0% rate. Check whether a new card is worth opening: it can affect your credit score for a time.

Worked example

$8,000 at 24.99% paid at $450 a month is cleared in 23 months with $2,096 of interest. Moving it to a card with a 3% fee ($240) and 18 months at 0%, the same payment leaves about $140 after the promotion, which costs about $3 of interest, so you save about $1,854 net.

Tips for best results

Check every box before you rely on a result, because one wrong digit changes the whole answer. Use the exact figures from your payslip, bill, certificate or contract, and keep a note of the date you calculated. Rates, thresholds and rules change from time to time, so for tax, fees and legal matters treat the output as an estimate and confirm with the official source named on this page. You can run as many scenarios as you like; nothing is saved or sent, and refreshing the page clears the boxes.