Multiple Balance Transfer Calculator
Calculate potential savings from transferring multiple credit card balances. Compare offers, fees, and repayment plans across different currencies.
Select Currency
Step 1: Current Balances
| Card/Account | Balance | APR (%) | Monthly Payment |
|---|---|---|---|
Total Current Debt
$8,000.00
Step 2: Transfer Offer
Transfer Fee Calculation
Fee = Total Balance × Transfer Fee %
Total to Transfer = Balance + Fee
Balance Transfer Analysis
Potential Savings from Transfer
Offer Comparison
| Offer Type | Transfer Fee | Intro APR | Intro Period | Total Cost |
|---|
Calculation Formulas
Monthly Interest Calculation
Monthly Interest = (Balance × APR) ÷ 12
Total Interest = Σ(Monthly Interest for each month)
Transfer Fee = Total Balance × Transfer Fee %
Effective APR = (Total Interest + Fee) ÷ Balance ÷ Years
Savings = Current Interest – (Transfer Interest + Fee)
Example Calculation
Example: $8,000 Balance Transfer
Current APR: 21.24% avg
Transfer Fee: 3% ($240)
Intro APR: 0% for 18 months
Post-Intro APR: 19.99%
Current 18-month interest: ~$1,825
Transfer interest: ~$578 (after intro period)
Total transfer cost: $240 + $578 = $818
Savings: $1,825 – $818 = $1,007 (55% savings)
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