Balance Transfer Calculator

A balance transfer allows you to move your existing credit card debt from one card to another - typically a new card that offers a lower interest rate, often as a limited-time promotion. This strategy can be helpful if you're paying high interest on your current card since it allows you to pay down your balance more quickly with reduced interest.

With this calculator, you can compare how long it will take to pay off your balance and how much interest you'll pay using your current card versus a transfer card. Depending on the offer, a balance transfer could save you thousands in interest and shorten your payoff time by months - freeing up your budget sooner and helping you get out of debt faster.