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Balance Transfer Calculator


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Credit Card Applications » Balance Transfer Calculator

Interactive Balance Transfer Calculator

Comprehensive Balance Transfer Analysis

Eliminate the Guess Work

Our technology allows you to envision your balance under a new interest rate and a faster repayment plan, connecting you to the balance transfer offers that fit your needs. The Balance Transfer Calculator delivers an in-depth analysis, based on your unique situation; and provides a report on effectiveness of your current payments. Through just a few clicks you will see the optimal time frames and monthly payments recommended for your unique situation.

Cuts Research Time Instantly

Get an instant comparison of the current charges on your existing balance next to what you'd be charged on another card. Our tool will immediately generate an interactive report, by expertly weighing your current outstanding balance and terms of payment against multiple balance transfer offers - including zero percent and no-fee offers. Sort offers by rewards, features, issuing bank and more; so you can narrow down your choices, and find most favorable conditions to repay your balance; then apply immediately through our direct secure connection.

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Current credit card terms
Choose a new card for balance transfer
Add another credit card
Sorry, you can make calculations only for 5 cards
Intro APR on Bal. Tr.
Please, enter the Intro APR on Bal. Tr. for the New Card between 0% and 100%
Enter the promotional APR of your balance transfer credit card if you know it - most balance transfer cards have introductory periods with low or zero percent interest rates.
Intro Term
Please, enter an integer value between 1 and 100 for the Intro Term of the New Card
Ongoing APR*
Please, enter the Regular APR for the New Card between 0 % and 100%
Enter the ongoing interest rate that will apply after the promotional period ends.
Balance Transfer Fee
Please, enter the Balance Transfer Fee for the New Card between 0 % and 100%
Many balance transfer credit cards charge a balance transfer fee - usually about 3 percent of the transfer amount. Enter the balance transfer fee here.
Annual Fee
Please, enter the Annual Fee for the New Card between $0 and $1000
Some cards charge an annual fee to carry the card - if your card has an annual fee, enter it here.
Change the above parameters if you've already chosen another credit card for balance transfer.
What will it take for you to pay off your new credit card?
Enter the number of months in which you want to pay off your debt, OR the desired dollar amount of your monthly payments. Our calculator will automatically fill in the rest.
Number of months*

Please, enter an integer value between and for the Number of months
1 months 50 months
Optimal repayment period: 21 months
Try to pay off your debt in full during the introductory period, to save the most money.
Monthly payment*

Please, enter the Monthly payment between and
$ 30 $ 50,000
Optimal monthly payment: $ 500
This is the amount of your monthly payment if you plan to pay off the entire balance during the introductory period.
* - marked fields are required to be filled
Current Cards vs New Card Charges
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Old Card
Credit History:

5 Things You Must Know Before Committing to a Balance Transfer

  • A late payment will cause any introductory offer to end automatically - including zero APR periods. If you pay late, the promotional APR will convert to the regular ongoing APR; maybe even a penalty APR. Never miss a payment due date!
  • Transferring a balance will not close your current credit card account - and that's a good thing. Closing a credit card account is usually not a good idea; having less available credit can negatively impact your credit score, and closing old accounts will shorten your credit history.
  • The Credit CARD Act requires banks to apply payments to the portion of your balance with the highest APR first - however, the law only applies to amounts over the calculated minimum payment. The minimum payment amount will still be applied to the part of your balance with the lowest APR first.
  • If you pay only the minimum due each month after taking advantage of a zero percent balance transfer offer, but you have another balance on the card with a higher APR, you may be surprised to find that your balance doesn't go down as fast as you expected. That's because banks are permitted to apply your minimum payment to the balance with the lowest APR first, while the rest of the balance continues to accrue interest at the higher rate.
  • In order to make the best use of your balance transfer credit card, don't use it to make purchases. Your payments will be applied toward your low-interest balance transfer first, while the purchases you made at a higher-rate APR accrue interest. This won't help you pay off your balance faster. It's a good idea to use two different credit cards - one for purchases, and one for the balance transfer.

Our Experts about Balance Transfer

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Just after college, when I was a new user of credit cards and trying to pay off some debt I’d managed to accrue with a student credit card, a friend of mine gave me a piece of advice. “Play the balance-transfer game,” he said, going on to ...Continue reading

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Balance Transfer