Balance Transfer Calculator
Compare total cost of keeping your balance vs transferring to a lower-rate card
Card details
You save by transferring
How the Balance Transfer Calculator works
Moving high-interest credit card debt to a lower-APR card can save money, but transfer fees and intro-rate expiry matter. This calculator compares the total cost of paying down your balance on the current card versus transferring (including the one-time fee).
Savings = Total cost (current card) − Total cost (new card)
If an intro 0% or low-rate period applies, interest on the new card uses that rate for the intro months, then reverts to the standard new APR.
Detailed features
Fee-inclusive
Factors in the typical 1 - 3% balance transfer fee so savings are realistic.
Intro period support
Model promotional 0% or low-APR windows before the standard rate kicks in.
Side-by-side totals
See months to payoff and total interest for both scenarios at a glance.
On the go
Get the same calculator plus 60+ tools in the free Toolance Android app.
What the Balance Transfer Calculator tells you
This calculator helps you check whether moving a loan balance still saves money after fees. It turns a small set of inputs into a clear net transfer saving, then shows the supporting breakdown so you can understand what moved the answer.
Inputs to check
- Outstanding balance: use a recent statement, quote or realistic assumption.
- Old and new rates: use a recent statement, quote or realistic assumption.
- Fees and remaining tenure: use a recent statement, quote or realistic assumption.
Try three scenarios
Run a likely case, a conservative case and a better case. Change one input at a time so you can see which assumption matters most.
How to use this estimate in a real decision
Write down the values you entered and the date you checked them. Compare options using the same assumptions, then include any fee, tax, penalty or provider rule that sits outside the calculator. A mathematically precise answer can still be incomplete when the inputs are old or optimistic.
Treat the result as a planning range, not a quote, approval or guaranteed outcome. Recalculate whenever your rate, price, income, goal date or business cost changes.