Balance Transfer Calculator
See the transfer fee, the monthly payment needed to clear the balance during the 0% promo, and what the move saves or costs versus staying put.
What your transfer costs
Savings from transferring
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Transfer fee amount
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Monthly payment to clear 0% promo
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Stay: total interest
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Transfer: interest + fee
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Stay: payoff time
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Transfer: payoff time
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What this balance transfer calculator shows
A balance transfer can replace card interest with a one-time fee. This calculator adds that fee to the transferred balance, models the 0% promotional period you enter, and then applies the post-promo APR to any remainder. The comparison shows the modeled cost of transferring versus keeping the balance on your current card.
The payment that clears the 0% promo
At 0%, the target is simple: (balance + transfer fee) ÷ promo months, rounded up to the next cent. Pay that amount each month and the transferred balance reaches zero by the end of the promotional window. The result panel shows that monthly target alongside the fee amount and the full savings comparison.
What this estimate leaves out
- Interest is estimated month by month. Card issuers may calculate interest daily, so a statement can differ.
- This page assumes no new purchases, annual fee, minimum fee, late fee, penalty APR, or card-specific minimum-payment rule.
- The offer's fee, promotional length, and post-promo APR come from its terms; enter those values rather than assuming a market average.
Balance transfer FAQ
Can a 0% balance transfer still charge a fee?
Yes. A balance-transfer fee can apply even when the promotional APR is 0%; check the offer disclosure and enter that percentage above. The Consumer Financial Protection Bureau explains balance-transfer fees.
Do new purchases get the 0% rate too?
Do not assume they do. Your card's terms control how new purchases are treated after a transfer; the CFPB explains interest on new purchases after a balance transfer. This calculator does not model new purchases.
How long does the promotional rate last?
Use the promotional length stated in the offer. The calculator treats the months you enter as fixed, then applies the post-promo APR to any remaining balance. See the CFPB guidance on introductory rates.
Why might my statement differ from this estimate?
The model compounds interest monthly, while card issuers may calculate it daily. New purchases, annual fees, minimum-payment rules, and other account terms are also outside this comparison. Use your statement and offer agreement for the exact amount due.