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%
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%
Balance Transfer Fee
Please, enter the Balance Transfer Fee for the New Card between 0 % and 100%
Annual Fee
Please, enter the Annual Fee for the New Card between $0 and $1000
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?
Number of months*

Please, enter an integer value between and for the Number of months
Optimal repayment period: 21 months
Monthly payment*

Please, enter the Monthly payment between and
Optimal monthly payment: $ 500
* - marked fields are required to be filled
Current Cards vs New Card Charges
New Card
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.

1 The calculator works in the following way: you enter the information about your old card/cards and choose a new balance transfer credit card. Then you determine payment period or the amount of your monthly payment. Read more >

1 The calculator works in the following way: you enter the information about your old card/cards and choose a new balance transfer credit card. Then you determine payment period or the amount of your monthly payment. On the base of these data the calculator builds the payments tables. Then the calculator works with these tables and calculates the total expenses on current and a new card (i.e. interest payments and fees). Comparing the expenses the calculator shows you total amount of savings you can earn. The calculation is based on the formulas that assess potential savings from a credit card (credit cards) and yield reasonably accurate results.

New Cards for Balance Transfer

In our calculator we offer balance transfer credit cards the data of which is taken from our data base. These data is constantly renewed according to any bank changes.

Optimal Monthly Payment

The amount of optimal monthly payment is determined on conditions that you will pay your debt fully during 0% intro period of your card (i.e. provided that you'll pay nothing on the interest).

Total Savings

The Total Savings are computed in the following way: interest expenses and commissions of your current cards minus similar costs of your new card. Rewards earned with your new card are not counted in the calculations. Compare the Total Savings for different cards and you choose the card which will help you to save more.

The tool is designed by for informational purposes only and it is not provided or sponsored by any of our partners. The results provided by this tool are hypothetical. All the numbers in the fields are approximate and are based on average values. Compensation from our advertising partners does not influence results provided by this tool. is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by its tools.

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Our Experts about Balance Transfer

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Credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any credit card product. uses a FICO® Score, which is one of many different types of credit scores. A creditor may use a different score when deciding whether to approve you for credit.

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