Balance Transfer Calculator

How Much Can You Save With a Balance Transfer?

This balance transfer calculator will estimate how much money you can save with a credit card balance transfer. The net savings we calculate is based upon paying the monthly amount you specify until your balance is paid-in-full. This number reflects the interest you'll save by transferring the balance minus fees charged by the new credit card.

Current Credit Card
  1. $
    What you owe; the balance from your current credit card statement.
  2. %
    The regular interest rate on your current credit card.
  3. $
    EITHER your current card's minimum payment OR a larger monthly amount you plan to pay towards this debt.
New Credit Card
  1. %
    The regular interest rate of the new credit card.

Promotional Terms

  1. %
    The promotional interest rate of the new credit card.
  2. How many months the promotional interest rate is offered by the new card.

Fees

  1. $
    The new credit card's annual fee.
  2. %
    The balance transfer fee of the new credit card. Most are between 3 and 5 percent.
  3. $
    The maximum balance transfer fee the new card charges.
Credit Score