Balance Transfer Calculator

Calculate balance transfer savings from fee, rate and months — see total cost, savings vs keeping balance.

Balance Transfer Calculator

Calculate balance transfer savings from fee, rate and months — see total cost, savings vs keeping balance.

Balance to transfer($)

Transfer fee %(%)

New APR(%)

Promo months

Old APR(%)

Enter values above and click Calculate — results will appear here with the formula explained.

Fee = balance*fee%; New interest = balance*newRate/12*months; Old interest = balance*oldRate/12*months; Savings = old - (fee+new interest)

How does this work?

Balance transfer fee is balance times fee percent, plus new APR interest during promo. Old cost is balance at old APR. Savings is old minus new total.

0% for 12-21 months is common, fee 3-5%. After promo, rate jumps to 15-25% — pay off before promo ends for max savings.

For YMYL debt, transfer helps if you can pay off within promo and not add new debt. Fee is upfront, not monthly.

AdSense ready — add NEXT_PUBLIC_GOOGLE_ADSENSE_PUBLISHER_ID

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Disclaimer: Results are estimates for informational purposes only and do not constitute professional financial advice. Consult a qualified professional for decisions.

What is Balance Transfer?

Balance transfer fee is balance times fee percent, plus new APR interest during promo. Old cost is balance at old APR. Savings is old minus new total. Formula: Fee = balance*fee%; New interest = balance*newRate/12*months; Old interest = balance*oldRate/12*months; Savings = old - (fee+new interest)

Quick Answer

Balance Transfer Calculator computes calculate balance transfer savings from fee, rate and months — see total cost, savings vs keeping balance. Formula: Fee = balance*fee%. Example: With $8k, 3% fee $240, 0% for 12mo, old 22%: old interest $1,760, new $240, saving $1,520.

What it does: Calculate balance transfer savings from fee, rate and months — see total cost, savings vs keeping balance.
Formula: Fee = balance*fee%; New interest = balance*newRate/12*months; Old interest = balance*oldRate/12*months; Savings = old - (fee+new interest)
Inputs: Balance to transfer ($) · Transfer fee % (%) · New APR (%) · Promo months · Old APR (%)
Example: With $8k, 3% fee $240, 0% for 12mo, old 22%: old interest $1,760, new $240, saving $1,520.

Calculator Inputs at a Glance

Field	What to enter
Balance to transfer ($)	e.g. 8000
Transfer fee % (%)	e.g. 3
New APR (%)	e.g. 0
Promo months	e.g. 12
Old APR (%)	e.g. 22

All fields use the exact formulas shown below — results include step-by-step breakdowns you can verify by hand.

How to Use This Calculator

1Enter balance to transfer, transfer fee %, new APR, promo months and old APR.
2Calculate to see fee, new interest, old interest and savings.
3Compare 3% fee 0% for 12mo vs 5% fee 0% for 21mo.

Formula Used

Fee = balance*fee%; New interest = balance*newRate/12*months; Old interest = balance*oldRate/12*months; Savings = old - (fee+new interest)

Balance transfer fee is balance times fee percent, plus new APR interest during promo. Old cost is balance at old APR. Savings is old minus new total.

0% for 12-21 months is common, fee 3-5%. After promo, rate jumps to 15-25% — pay off before promo ends for max savings.

For YMYL debt, transfer helps if you can pay off within promo and not add new debt. Fee is upfront, not monthly.

AdSense ready — add NEXT_PUBLIC_GOOGLE_ADSENSE_PUBLISHER_ID

728×90 — AdSense

Worked Example

With $8k, 3% fee $240, 0% for 12mo, old 22%: old interest $1,760, new $240, saving $1,520.

AdSense ready — add NEXT_PUBLIC_GOOGLE_ADSENSE_PUBLISHER_ID

728×90 — AdSense

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Frequently Asked Questions

QIs fee worth it?

If old rate high, yes. 3% fee at 0% for 12mo vs 22% saves ~19%.

QWhat after promo?

Rate jumps to 15-25% — pay off before or transfer again (fee again).

QCan transfer again?

Yes, but new fee each time. Avoid cycle.

Quick Answer

What it does: Calculate balance transfer savings from fee, rate and months — see total cost, savings vs keeping balance.

Formula: Fee = balance*fee%; New interest = balance*newRate/12*months; Old interest = balance*oldRate/12*months; Savings = old - (fee+new interest)

Inputs: Balance to transfer ($) · Transfer fee % (%) · New APR (%) · Promo months · Old APR (%)

Example: With $8k, 3% fee $240, 0% for 12mo, old 22%: old interest $1,760, new $240, saving $1,520.

Field

What to enter

Balance to transfer ($)

e.g. 8000

Transfer fee % (%)

e.g. 3

New APR (%)

e.g. 0

Promo months

e.g. 12

Old APR (%)

e.g. 22

Formula Used

Fee = balance*fee%; New interest = balance*newRate/12*months; Old interest = balance*oldRate/12*months; Savings = old - (fee+new interest)

Balance transfer fee is balance times fee percent, plus new APR interest during promo. Old cost is balance at old APR. Savings is old minus new total.

0% for 12-21 months is common, fee 3-5%. After promo, rate jumps to 15-25% — pay off before promo ends for max savings.

For YMYL debt, transfer helps if you can pay off within promo and not add new debt. Fee is upfront, not monthly.