Balance Transfer Calculator
Result
Balance Transfer Calculator See whether moving a credit card balance to a lower-rate card actually saves you money. Enter your current balance, your current APR, the balance-transfer APR, how long you'll take to repay, and the transfer fee, and the calcul — free online calculator.
Formula
- Balance Transfer Calculator calculates its result from Current Interest, Transfer Interest, Transfer Fee. It uses the formula Savings = (Current Interest) − (Transfer Interest + Transfer Fee). Change any input to recalculate the result instantly.
- The main inputs are Current Interest, Transfer Interest, Transfer Fee. Enter them in the units and format shown in the calculator.
- Use monetary amounts, rates and time periods exactly as labeled; the result reflects the assumptions entered on this page.
- Changing any input above recalculates the result with the same calculation engine used by this page.
Example: Balance Transfer
- Current Interest: 2
- Transfer Interest: 3
- Transfer Fee: 4
Using Current Interest = 2, Transfer Interest = 3, Transfer Fee = 4, the calculated result is -5.
Sample result: Calculating…
Frequently asked questions
What does the Balance Transfer calculate?
Balance Transfer Calculator See whether moving a credit card balance to a lower-rate card actually saves you money. Enter your current balance, your current APR, the balance-transfer APR, how long you'll take to repay, and the transfer fee, and the calcul — free online calculator.
Which values should I enter?
Enter Current Interest, Transfer Interest, Transfer Fee using the units and format shown beside each field.
What formula does this calculator use?
The calculator uses the following relationship: Savings = (Current Interest) − (Transfer Interest + Transfer Fee).
Why might my result differ from another source?
Results can differ when another source uses different units, rounding rules, conventions or assumptions. Compare the inputs and definitions before comparing results.
Does the result update automatically?
Yes. Changing an input updates the result using the same calculation engine shown on this page.