Calculators / Balance Transfer Calculator
Balance Transfer Calculator
See whether moving a card balance to a 0% intro APR card saves money once the transfer fee is paid, and the payment that clears it before the intro rate ends.
Example using typical numbers. Change any value to see your own.
The transfer saves $1,649.55, fee included, and you're debt-free 6 months sooner.
| Keep current card | Transfer | |
|---|---|---|
| Starting balance | $6,500.00 | $6,695.00 (with $195.00 fee) |
| Monthly payment | $300.00 | $300.00 |
| Time to pay off | 2 years 5 months | 1 year 11 months |
| Interest | $1,918.90 | $74.35 |
| Interest and fees | $1,918.90 | $269.35 |
| Payment that clears it in 1 year 6 months | $371.95 |
|---|---|
| Still owed when the intro rate ends, at your payment | $1,295.00 |
Intro rates usually need a good credit score and apply only to transfers made within a set time after opening the card. A late payment can end the intro rate early.
New purchases on the new card may not get the intro rate. It's simplest to keep the transfer card for paying off the balance only.
Payment schedule after the transfer
| Year | Paid | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | $3,600.00 | $0.00 | $3,600.00 | $3,095.00 |
| 2 | $3,169.35 | $74.35 | $3,095.00 | $0.00 |
Every payment
| Month | Date | Payment | Interest | Principal | Balance |
|---|---|---|---|---|---|
| 1 | Dec 2026 | $300.00 | $0.00 | $300.00 | $6,395.00 |
| 2 | Jan 2027 | $300.00 | $0.00 | $300.00 | $6,095.00 |
| 3 | Feb 2027 | $300.00 | $0.00 | $300.00 | $5,795.00 |
| 4 | Mar 2027 | $300.00 | $0.00 | $300.00 | $5,495.00 |
| 5 | Apr 2027 | $300.00 | $0.00 | $300.00 | $5,195.00 |
| 6 | May 2027 | $300.00 | $0.00 | $300.00 | $4,895.00 |
| 7 | Jun 2027 | $300.00 | $0.00 | $300.00 | $4,595.00 |
| 8 | Jul 2027 | $300.00 | $0.00 | $300.00 | $4,295.00 |
| 9 | Aug 2027 | $300.00 | $0.00 | $300.00 | $3,995.00 |
| 10 | Sep 2027 | $300.00 | $0.00 | $300.00 | $3,695.00 |
| 11 | Oct 2027 | $300.00 | $0.00 | $300.00 | $3,395.00 |
| 12 | Nov 2027 | $300.00 | $0.00 | $300.00 | $3,095.00 |
| 13 | Dec 2027 | $300.00 | $0.00 | $300.00 | $2,795.00 |
| 14 | Jan 2028 | $300.00 | $0.00 | $300.00 | $2,495.00 |
| 15 | Feb 2028 | $300.00 | $0.00 | $300.00 | $2,195.00 |
| 16 | Mar 2028 | $300.00 | $0.00 | $300.00 | $1,895.00 |
| 17 | Apr 2028 | $300.00 | $0.00 | $300.00 | $1,595.00 |
| 18 | May 2028 | $300.00 | $0.00 | $300.00 | $1,295.00 |
| 19 | Jun 2028 | $300.00 | $26.16 | $273.84 | $1,021.16 |
| 20 | Jul 2028 | $300.00 | $20.63 | $279.37 | $741.79 |
| 21 | Aug 2028 | $300.00 | $14.98 | $285.02 | $456.77 |
| 22 | Sep 2028 | $300.00 | $9.23 | $290.77 | $166.00 |
| 23 | Oct 2028 | $169.35 | $3.35 | $166.00 | $0.00 |