Balance Transfer Calculator

See whether moving a balance to a 0% promo card saves money after the transfer fee.

Your details

Balance to transfer$Current APR%Transfer fee%One-time fee, usually 3–5% of the balance.0% promo length

Net savings

$1,960.00

Interest avoided: $2,200.00
Transfer fee: $240.00

Interest avoided vs fee

Interest avoided: $2,200.0090%
Transfer fee: $240.0010%

Net savings$1,960.00

Formula

Interest avoided ≈ balance × monthly APR × promo months. Net savings = interest avoided − transfer fee.

Frequently asked questions

Does this account for paying down the balance?⌄

No — it compares interest on the full balance over the promo window against the fee, so it's a conservative upper bound on savings. Paying it down faster saves even more.

Sources & methodology

•CFPB — balance transfers — CFPB

Last updated: 2026-07-20

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Learn more

How Credit Card Balance Transfers WorkBalance transfers explained: how a 0% intro APR works, the 3-5% transfer fee, when it saves money, and how to pay the balance off in time.How to Pay Off Credit Card Debt FasterProven ways to clear credit card debt: pay above the minimum, snowball vs avalanche, and balance transfers.

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