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.