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Balance Transfer Calculator

Pay Down Debt Faster

Carrying a credit card balance month after month? Paying high interest rates?Transferring a balance is an easy, effective way to pay down debt faster.

Our Balance Transfer Calculator will help determine how much money you could besaving just by transferring your existing credit card balance(s) to a low interest ratecredit card.

How to use the balance transfer calculator:

  1. Add the current balance of up to five credit cards you want to transfer.
  2. Add the current interest rate for each applicable credit card.
  3. Enter the intro APR and length of the intro APR for the credit card you wish totransfer your balance(s) to, such as 0% for 12 months.
  4. Enter the interest rate of the credit card you wish to transfer your balance(s) to.This will typically be a range (like 12.9% - 22.9% variable), so use a mid-range APR to be safe.
  5. Enter the annual fee and balance transfer fee for the credit card you wish to transfer your balance(s) to.
  6. Click “CALCULATE” to see your results!

How much can I save by transferring my existing credit card balance?

The exact amount you can save depends on the terms of the credit card. There are two fees associated with balance transfers: the balance transfer APR, and the balance transfer fee. The APR works just like the APR you pay for purchases (or to carry a balance). So, you’ll want to transfer your balance(s) to a card that offers 0% intro APR on balance transfers for 12-21 months. The balance transfer fee is the amount that’s charged to process each transfer. It’s charged on a per-transfer basis, and typically doesn’t exceed 5% of the amount of the transfer.

Most credit cards only offer 0% intro APR on balance transfers, or, no balance transfer fees. However, there is one card on the market that offers both options. When comparing different balance transfer credit cards, keep it simple and use common sense.

NOTE: The balance transfer calculator is a self help tool and is not intended to provide financial advice to its users. We cannot guarantee the accuracy of results when applied to a user's individual factors. Please seek professional advice regarding all personal financial issues.

Regarding your current credit card(s):

Card Balance Interest Rate APR
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$ %
$ %
$ %
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Regarding the card you're transferring to:

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Top Balance Transfer Credit Cards

Citi® Diamond Preferred® Card – 21 Month Intro Offer on BT and Purchases

 

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4.2/5.0 from 1,626 Offer Ratings
Over the Past 60 Days!

(1,626) Over the Past 60 Days!
  • Intro Purchase APR 0% for 21 Months
  • Intro BT APR 0% for 21 Months
  • Regular Purchase APR 13.24% - 23.24% (Variable)
  • Annual Fee $0*
  • Credit Needed
     
    Excellent Credit

    Credit cards for excellent credit are intended for those with a credit score of 700 or Higher.

    Get Your Free Score!
    Excellent/Good
  • Card Brand

Highlights

  • Click "APPLY NOW" to apply online or call 877-836-4537 TTY: Use Relay Service
  • Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 13.24% - 23.24% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • 24/7 access to Citi® Concierge for help in booking hotels, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee*
  • Free access to FICO® Scores*

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Discover it® - 18 Month Balance Transfer Offer

 

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3.7/5.0 from 190 Offer Ratings
Over the Past 60 Days!

(190) Over the Past 60 Days!
  • Intro Balance Transfer APR 0% for 18 Months*
  • Rewards Rate 5% cash back in bonus categories, 1% on everything else*
  • Exclusive Bonus Offer Get a dollar-for-dollar match of all the rewards you've earned at the end of your first year, automatically*
  • Annual Fee $0
  • Credit Needed
     
    Excellent Credit

    Credit cards for excellent credit are intended for those with a credit score of 700 or Higher.

    Get Your Free Score!
    Excellent/Good Credit
  • Card Brand

Highlights

  • Click "APPLY NOW" to apply online or call 888-333-5886
  • You could turn $200 into $400 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
  • Earn 5% cash back in rotating categories each quarter like gas stations, Amazon.com, restaurants, wholesale clubs and more, up to the quarterly maximum each time you activate. Plus, 1% cash back on all other purchases.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • Get your FICO® Credit Score for free on monthly statements, on mobile and online.
  • No annual fee.
  • Click "APPLY NOW" to see rates, rewards, FICO® Credit Score terms, Cashback Match™ details & other information.

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Blue Cash Everyday® Card from American Express

 

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3.7/5.0 from 1,055 Offer Ratings
Over the Past 60 Days!

(1,055) Over the Past 60 Days!
  • Welcome Offer $100 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months
  • Bonus Cash Back 3% at U.S. supermarkets on up to $6,000 per year in purchases*
  • Rewards Rates 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Annual Fee $0
  • Credit Needed
     
    Excellent Credit

    Credit cards for excellent credit are intended for those with a credit score of 700 or Higher.

    Get Your Free Score!
    Excellent/Good
  • Card Brand

Highlights

  • Click "APPLY NOW" to apply online or call 866-901-8258
  • $100 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • No annual fee.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 13.74% to 24.74%.
  • Expanding merchant acceptance: Over 1 million more places in the U.S. started accepting American Express® Cards in the last year.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • Terms Apply.
  • See Rates & Fees

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Citi Simplicity® Card - No Late Fees Ever

 

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3.8/5.0 from 582 Offer Ratings
Over the Past 60 Days!

(582) Over the Past 60 Days!
  • Intro Purchase APR 0% for 21 Months
  • Intro BT APR 0% for 21 Months
  • Regular Purchase APR 14.24% - 24.24% (variable)
  • Annual Fee $0*
  • Credit Needed
     
    Excellent Credit

    Credit cards for excellent credit are intended for those with a credit score of 700 or Higher.

    Get Your Free Score!
    Excellent/Good
  • Card Brand

Highlights

  • Click "APPLY NOW" to apply online or call 877-886-4537 TTY: Use Relay Service
  • The ONLY card with No Late Fees, No Penalty Rate, and No Annual Fee… EVER.
  • 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the variable APR will be 14.24% - 24.24% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The same great rate for all balances, after the introductory period.
  • Save time when you call with fast, personal help, 24 hours a day – just say “representative”.
  • Enjoy the convenience of setting up your own bill payment schedule on any available due date throughout the month.

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