Debt · Credit cards
Balance Transfer Savings Calculator
Compare your current APR with a promotional balance-transfer offer and see whether the transfer fee is worth paying.
Savings are shown only when the transferred balance is paid off within the entered promo period. If it outlives the promo, the post-promo APR is unknown, so InfoShot does not publish a savings figure that assumes the promo rate continues indefinitely.
Estimated result
$1,471
Estimated interest savings
Transfer fee
$240
Payoff time
1y 2m
Paid off during promo?
Yes
Current-plan interest
$1,471
The transfer fee matters
A 0% offer is not free if the issuer charges a percentage of the transferred balance up front.
Promo length matters
The biggest benefit usually comes from paying the balance down before the promotional period ends.
Model the payment first
A low APR only helps if the monthly payment is large enough to materially reduce principal.