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The Balance Transfer Savings Calculator

Did you know you a 0% balance transfer can save you $100 or more for every $1,000 in credit card debt you carry on a high interest credit card?  Our balance transfer calculator is designed to help you eliminate this expense and maximize the savings you can reap with a 0% credit card.  To get an estimate on how much you can save with a 0% balance transfer, simply input your information into the balance transfer calculator below. Because repayment rates may vary, your total savings may be more or less than our results indicate. However, this balance transfer calculator is a great way to get a sense of just how much money a 0% APR can save you. Once you see your interest savings, we hope you take the next step and get a new 0% credit card so you can eliminate credit card interest and start paying down credit card debt before it spirals out of control.
Determine How Much Money You'll Save

Credit Card Details
Introductory APR :         %
Duration Of Intro. APR : months
Transfer Amount
Current Rate
Card1 $
%
Card2 $
%
Card3 $
%
     
 
Savings per Card
$0.00
$0.00
$0.00
     
 $0.00
 $0.00

Balance Transfer Credit Card Recommendations

  
 

Which cards are best for 0% balance transfers? Presently, any credit card that offers a 0% interest rate for 1 year is a great balance transfer deal. Many credit card companies have cut back on 0% APR deals, offering them for 6 months only, if at all. Over the past six months, credit card companies have made it increasingly difficult to get approved for credit cards that offer 0% rates for an entire year. Fortunately, a number of offers still remain. In the near future, this may not be the case, so if you know you can save money with a 0% balance transfer, now is the time to act.

 



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View all 0% APR Balance Transfer Offers

About the Balance Transfer Savings Calculator: The balance transfer calculator was designed to help consumers get a better idea of just how much savings a 0% APR balance transfer credit card can provide. Our formula for calculating interest is based on the standard credit card practice of calculating interest on a daily basis. While very accurate, the balance transfer calculator may not provide an exact assessement of potential savings if the credit card you currently have does not calculate interest on a daily basis. However, the vast majority of credit cards do so.

Calculating Balance Transfer Fees: Unfortunately, every major national credit card issuer is currently charging balance transfer fees. In early 2008, it was possible to get a no fee balance transfer or find a credit card that capped balance transfer fees at 3% with a maximum of $75 dollars. Today, standard balance transfer fees run at a flat 3% rate of balances transferred. While this eliminates $30 in savings for every $1,000 transferred, a person with a 12% interest rate will still save about $90 for every $1,000 transferred when fees are taken into consideration.