Balance Transfer Calculator
Calculate balance transfer from your own entered figures.
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Currency: Amounts are calculated in the currency you select; this site does not convert between currencies and does not use live exchange rates.
What this tool does
Calculate balance transfer from your own entered figures. Same fixed payment on both paths, no new purchases on either card, transfer fee added to the transferred balance.
How to use the Balance Transfer Calculator
- Enter or select balance to transfer.
- Enter or select current card apr (%).
- Enter or select promotional apr (%).
- Enter or select promotional period (months).
- Enter or select balance transfer fee (%).
- Enter or select monthly payment.
- Read the calculated result; change any measurement to compare alternatives.
Formula
simulate both cards month by month at the same payment: the transfer card charges the one-off fee up front, the promo APR during the promo period and the current APR as the go-to rate afterwards; net saving = interest on the current card − interest on the transfer card − fee
- balance
- Balance to transfer
- currentApr
- Current card APR (%)
- promoApr
- Promotional APR (%)
- promoMonths
- Promotional period (months)
- feePct
- Balance transfer fee (%)
- payment
- Monthly payment
Same fixed payment on both paths, no new purchases on either card, transfer fee added to the transferred balance.
Worked example
For balance transfer calculator, the following measurements illustrate the exact method: Balance to transfer: 6000; Current card APR (%): 24; Promotional APR (%): 0; Promotional period (months): 18; Balance transfer fee (%): 3; Monthly payment: 300.
Inputs
- Balance to transfer$6000
- Current card APR (%)24 %
- Promotional APR (%)0 %
- Promotional period (months)18
- Balance transfer fee (%)3 %
- Monthly payment$300
Result
- Net saving from transferring$1,529.61
- Transfer fee$180.00
- Interest if you stay$1,739.24
- Interest after transfer$29.62
- Months to clear on current card26
- Months to clear after transfer21
Results explained
- Net saving from transferring
- Net saving from transferring from the formula above. Same fixed payment on both paths, no new purchases on either card, transfer fee added to the transferred balance.
- Transfer fee
- Transfer fee from the formula above. Same fixed payment on both paths, no new purchases on either card, transfer fee added to the transferred balance.
- Interest if you stay
- Interest if you stay from the formula above. Same fixed payment on both paths, no new purchases on either card, transfer fee added to the transferred balance.
- Interest after transfer
- Interest after transfer from the formula above. Same fixed payment on both paths, no new purchases on either card, transfer fee added to the transferred balance.
- Months to clear on current card
- Months to clear on current card from the formula above. Same fixed payment on both paths, no new purchases on either card, transfer fee added to the transferred balance.
- Months to clear after transfer
- Months to clear after transfer from the formula above. Same fixed payment on both paths, no new purchases on either card, transfer fee added to the transferred balance.
Frequently asked questions
simulate both cards month by month at the same payment: the transfer card charges the one-off fee up front, the promo APR during the promo period and the current APR as the go-to rate afterwards; net saving = interest on the current card − interest on the transfer card − fee
Same fixed payment on both paths, no new purchases on either card, transfer fee added to the transferred balance.
No. All numbers are entered by you or come from the dated reference table shown on this page; calculations run locally.
This is an estimate, not financial, tax or legal advice. Verify the inputs and output with official sources and a qualified professional.
Check period consistency, currency, percentage inputs and the assumptions: Same fixed payment on both paths, no new purchases on either card, transfer fee added to the transferred balance.