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Balance Transfer Calculator for Calculating Credit Card Offers

Calculator Preferences
Balance Transfer Calculator Sign
Balance Transfer Calculator

This calculator will calculate the net consequences of transferring any number of higher rate card balances to a card offering a lower introductory rate. Includes savings (or cost) calculations after introductory term expires. The Learn tab includes:

  • What is a balance transfer?
  • What are the factors to consider?
  • Friend or foe?
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Balance Transfer Offer:Balance Transfer Offer Details:Balance Transfer Offer Details:Balance Transfer Offer Details:

Balance Transfer Offer Details:

Enter all the details of the balance transfer offer in this section. This section must be completed before you can begin adding credit card balances to transfer in the next section.

Intro rate:Introductory rate:Introductory interest rate:Introductory interest rate:

Introductory interest rate:

Enter the introductory annual interest rate of the credit card you will be transferring balances to. Enter as a percentage but without the percent sign (for 3.9% or .039, enter 3.9). If the rate is 0%, enter 0.

Intro term:Introductory term:Introductory term in months:Introductory term in months:

Introductory term in months:

Enter the number of months the introductory interest rate will last for.

Post rate:Post term rate:Post introductory term interest rate:Post introductory term interest rate:

Post introductory term interest rate:

Enter the annual interest rate that will go into affect once the introductory term has ended. If the offer states a range of possibilities (e.g., 10.99% to 18.99%), enter the highest rate listed. Enter as a percentage but without the percent sign (for .1899 or 18.99%, enter 18.99).

Annual fee:

Annual fee:

If the card you are transferring balances to has an annual fee, enter the amount here. Otherwise leave blank or enter a zero.

Fee percent:Fee percentage:Balance transfer fee percentage:Balance transfer fee percentage:

Balance transfer fee percentage:

Enter the balance transfer fee percentage (usually 3% to 5%). Enter as a percentage but without the percent sign (for .03 or 3%, enter 3).

Fee cap:Transfer fee cap:Balance transfer fee cap:Balance transfer fee cap:

Balance transfer fee cap:

Enter the balance transfer fee cap or maximum (usually $50 to $75), but without the dollar sign or any commas. If no balance transfer fee cap leave this field blank.

Enter Cards to Transfer

Enter Cards to Transfer:

To add a card, enter the name, balance, interest rate, and payment amount. When you're satisfied with the entries, tap the + button (may also appear as "Add" or "Add Card" depending on the width of your device).

To edit a card in the list, tap the radio button in the Edit column. This will load the card into the form for editing. When you're satisfied with the changes you've made, tap the S button (may also appear as "Save" or "Save Changes" depending on the width of your device).

To delete a card from the list, tap the radio button in the Edit column. This will load the card into the form for deleting. Tap the button (may also appear as "Delete" depending on the width of your device).

To clear the form to create a new card entry, tap the C button (may also appear as "Clr" or "Clear" depending on the width of your device).

Important! The entered cards are saved in your device's random memory (temporary storage), which means that if you surf to another calculator or close this browser window you will need to re-enter your debts.

Card name:Credit card name:Credit card name:Credit card name:

Credit card name:

Enter the name of the credit card you plan to transfer the balance from.

Balance:Balance owed:Balance owed:Balance owed:

Balance owed:

Enter the balance owed for this credit card, without the dollar sign or any commas. This usually appears on your monthly credit card statement.

Rate:Interest rate:Annual interest rate:Annual interest rate:

Annual interest rate:

Enter the annual interest rate that applies to this credit card. Enter as a percentage, but without the percent sign (for .06 or 6%, enter 6). If this credit card has more than one interest rate (1 for purchases and 1 for cash advances), enter the lower of the two so as not to skew the results in favor of a balance transfer.

Annual fee:

Annual fee:

Enter the annual fee if the credit card charges one, but without the dollar sign or any commas. If a card does not charge an annual fee, either leave blank or enter a zero.

Monthly cost:Monthly cost:Monthly cost:Monthly cost:

Monthly cost:

Based on the balance owed, interest rate, and annual fee entries, this field calculates how much interest and fees you will pay on this card per month if the balance remains unchanged.

Intro cost:Intro term cost:Introductory term cost:Introductory term cost:

Introductory term cost:

This field multiplies the monthly cost by the number of months in the introductory term, giving you your introductory term costs if you decide not to transfer your balances to the new credit card.

Introductory Term Comparison

Introductory term comparison rows:

Current totals (Crnt): This row contains the calculations of your current credit card balances, interest cost and fees.

Transfer totals (Trfr): This row contains the calculations of your current credit card balances if transferred to the card you entered balance transfer terms for. Note that the balance includes the addition of the balance transfer fee, which is also included in the monthly fee result field (transfer fee ÷ introductory months).

Introductory term savings: This row contains the monthly and introductory term savings that will occur if you transfer the entered balances to the new credit card -- assuming all balances remain unchanged for the introductory term. If the results are negative, that means transferring balances will actually end up costing you more money than you are currently paying out.

Bal
Owed
Bal
Owed
Balance
Owed
Balance
Owed
Mon
Int
Mon
Int
Monthly
Interest
Monthly
Interest
Mon
Fees
Mon
Fees
Monthly
Fees
Monthly
Fees
Mon
Tot
Mon
Tot
Monthly
Totals
Monthly
Totals
Term
Tot
Term
Tot
Term
Totals
Term
Totals
Crnt:Crnt:Current:Current totals:
Trfr:Trfr:Transfer:Transfer totals:
Introductory term savings:Introductory term savings:Introductory term transfer savings:Introductory term balance transfer savings:
Post Introductory Term Comparison

Post introductory term comparison rows:

Current totals (Crnt): This row contains the calculations of your current credit card balances, interest cost and fees.

Transfer totals (Trfr): This row contains the calculations of your current credit card balances if transferred to the card you entered balance transfer terms for -- but does not include the introductory period.

Post intro term savings: This row contains the monthly and annual savings that will occur after the introductory term expires -- assuming the transferred balance remains unchanged. If the results are negative, that means transferring balances will actually end up costing you more money than you are currently paying out once the introductory period expires.

Bal
Owed
Bal
Owed
Balance
Owed
Balance
Owed
Mon
Int
Mon
Int
Monthly
Interest
Monthly
Interest
Mon
Fees
Mon
Fees
Monthly
Fees
Monthly
Fees
Mon
Tot
Mon
Tot
Monthly
Totals
Monthly
Totals
Ann
Tot
Ann
Tot
Annual
Totals
Annual
Totals
Crnt:Crnt:Current:Current totals:
Trfr:Trfr:Transfer:Transfer totals:
Post intro term savings:Post introductory term savings:Post introductory term transfer savings:Post introductory term balance transfer savings:

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
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Tip

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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