Balance Transfer Comparison Calculator
Compare balance transfer offers and calculate how much you can save by transferring credit card debt. Calculate fees, interest savings, and payoff timelines in multiple currencies.
Step 1: Current Debt Details
Understanding APR
APR (Annual Percentage Rate) is the yearly interest rate you’re charged on your credit card balance. Lowering your APR through a balance transfer can save you significant money.
Step 2: Balance Transfer Offers
About Transfer Fees
Most balance transfers charge a fee (typically 3-5% of the transferred amount). Some cards offer promotional periods with 0% transfer fees – these can provide the best savings.
Transfer Savings Results
Total Savings with Balance Transfer
Balance Transfer Offer Comparison
| Offer Type | APR % | Transfer Fee | Total Savings |
|---|
Cost Breakdown
Balance Transfer Formula
Savings = (Current APR Interest – Transfer APR Interest) – Transfer Fee
To calculate savings: Compare total interest paid at current APR vs promotional APR, then subtract the balance transfer fee. Consider payoff timeline within promotional period.
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