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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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$ %
$ %
$ %
$ %

Regarding the card you're transferring to:

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months
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Top Balance Transfer Credit Cards

The Amex EveryDay® Credit Card from American Express

 

Rated 4/5 stars by our editorial team

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Your Rating:

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 15 Months
  • Rates & Fees $0 annual fee & $0 balance transfer fee.
  • Welcome Offer 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.
  • 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
  • Earn 10,000 Membership Rewards® points after you use your new Card to make $1,000 in purchases in your first 3 months.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.24% to 25.24%.
  • $0 balance transfer fee. Balance transfers must be requested within 60 days from account opening.
  • No annual fee.
  • 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 1x points on other purchases.
  • Use your Card 20 or more times on purchases in a billing period and earn 20% more points on those purchases less returns and credits.
  • Expanding merchant acceptance: Over 1 million more places in the U.S. started accepting American Express® Cards in the last year.
  • Terms Apply.
  • See Rates & Fees

See additional details for The Amex EveryDay® Credit Card from American Express

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HSBC Gold Mastercard® credit card

 

Rated 4/5 stars by our editorial team

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Your Rating:

3.8/5.0 from 1,082 Offer Ratings
Over the Past 60 Days!

(1,082) Over the Past 60 Days!
  • Intro Purchase APR 0% for 18 months
  • Intro Balance Transfer APR 0% for 18 months
  • Rates and Fees No annual fee, no foreign transaction fee, and no penalty APR
  • 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
  • 0% Intro APR on purchases and balance transfers for the first 18 months from Account opening.
  • Then a variable APR of 12.24%, 16.24% or 20.24% will apply.
  • No Penalty APR.
  • Late Fee Waiver.
  • No Foreign Transaction Fees.
  • $0 Annual Fee.
  • $0 liability for unauthorized purchases.
  • Terms Apply.

See additional details for HSBC Gold Mastercard® credit card

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Compare Personal Loans with LendingTree - Get One Easy Monthly Payment

 

Rated 4.5/5 stars by our editorial team

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4.0/5.0 from 6 Offer Ratings
Over the Past 60 Days!

(6) Over the Past 60 Days!
  • Low Interest Rates Escape high interest credit card debt with rates as low as 5.99%
  • One Simple Monthly Payment Stop juggling multiple payment dates on different credit cards
  • Boost Your Credit Score Raise your credit score over time by lowering balances on your credit cards
  • Annual Fee
  • Credit Needed N/A
  • Card Brand

Highlights

  • Click "APPLY NOW" to apply online
  • Get $1,000 - $35,000 in as little as 24 hours
  • Loan terms of 3 months - 15 years
  • Save money with rates as low as 5.99%
  • Compare top offers for personal loans with no obligation at LendingTree, the CompareCards parent company
  • Simplify your life. Make a single payment each month rather than multiple payments on 3 or 4 different credit cards on different dates
  • Boost your credit score over time by paying off credit card balances

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Citi® Double Cash Card – 18 month BT offer

 

Rated 5/5 stars by our editorial team

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4.4/5.0 from 971 Offer Ratings
Over the Past 60 Days!

(971) Over the Past 60 Days!
  • Rewards Rate Earn 1% on Purchases & 1% on Payments
  • Intro Balance Transfer APR 0%* for 18 months on Balance Transfers*
  • Regular Purchase APR 14.74% - 24.74%* (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 888-343-4081 TTY: Use Relay Service
  • Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 14.74% - 24.74% based on your creditworthiness*
  • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
  • No categories to track, no caps on cash back, no annual fee*

See additional details for Citi® Double Cash Card – 18 month BT offer

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