Balance Transfer Calculator

How do you tell if a balance transfer is worth it in the long-run? Depending on your current interest rates and your potential rate it may be the right financial decision for you.

Transferring balances can potentially lower your total interest and simplify your payment schedule, helping you pay off your balances(s) faster. However, it’s important to consider the promotional interest rate, the length of the promotional period, the standard interest rate after the promotional period expires, and what the fee is to transfer your balance from one card to another. Use our calculator to determine if a balance transfer is a viable option for you.

The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.