Balance Transfer Calculator

Use our free balance transfer calculator to see if transferring your credit card balance to a new card with a lower intro APR is worth it. Factor in transfer fees, promo periods, and interest savings.

Financial

Currency

Balance to Transfer

Current Card APR (%)

New Card Intro APR (%)

Balance Transfer Fee (%)

Promo Period (months)

months

Monthly Card Fee

Formula

A balance transfer allows you to move high-interest credit card debt to a new card with a lower introductory APR. This calculator shows whether the transfer fee is worth the interest savings.

Net Savings = (Current interest - New interest) - Transfer fee - Monthly fees

Percentage: The percentage value you want to apply

Number: The original number or value

Result: The calculated result

How It Works

1Enter the balance you want to transfer and your current card's APR.
2Enter the new card's introductory APR and the balance transfer fee percentage.
3Enter the length of the promotional period in months.
4Compare the interest savings against the transfer fee to see if the move is worth it.

Examples

$5,000 at 22% APR transferred to 0% intro card with 3% fee

1.Current interest over 12 months: ~$500+
2.Intro interest at 0%: $0
3.Transfer fee: $5,000 x 3% = $150
4.Net savings: $500 - $150 = $350+

Result: $350+ net savings

Frequently Asked Questions

Not always. Calculate the transfer fee and compare it to the interest you would pay on your current card. If the fee is less than the interest savings over the promo period, it is worth it.

After the promotional period, the card's regular APR applies to any remaining balance. Make sure you can pay off the balance before the promo period ends.

Usually no. Most banks do not allow balance transfers between their own cards. You typically need to transfer to a card from a different issuer.

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Balance Transfer Guide

CalculateMe Team

Last updated: 2026-07-17

Frequently Asked Questions

Not always. Calculate the transfer fee and compare it to the interest you would pay on your current card. If the fee is less than the interest savings over the promo period, it is worth it.

After the promotional period, the card's regular APR applies to any remaining balance. Make sure you can pay off the balance before the promo period ends.

Usually no. Most banks do not allow balance transfers between their own cards. You typically need to transfer to a card from a different issuer.

Balance Transfer Calculator

Formula

How It Works

Examples

$5,000 at 22% APR transferred to 0% intro card with 3% fee

Frequently Asked Questions

Is a balance transfer always worth it?

What happens after the intro APR expires?

Can I transfer between cards from the same bank?

Related Calculators

Related Articles

Balance Transfer Calculator

Formula

How It Works

Examples

$5,000 at 22% APR transferred to 0% intro card with 3% fee

Frequently Asked Questions

Is a balance transfer always worth it?

What happens after the intro APR expires?

Can I transfer between cards from the same bank?

Related Calculators

Related Articles