💳 Balance Transfer Calculator
Calculate 0% APR balance transfer savings
📋 Transfer Details
💰 Savings Analysis
Transfer Fee Cost
$300
Interest Avoided (0% period)
$1,980
Net Savings
$1,680
Payoff Timeline
17 months
Paid off during 0% period ✓
How Balance Transfers Save You Money
A balance transfer moves high-interest debt to a new card with a 0% promotional APR period, typically lasting 12-21 months. During this time, every dollar you pay goes directly to principal, dramatically accelerating debt payoff.
Is a Balance Transfer Worth It?
Balance transfers make sense when the interest you'll save exceeds the transfer fee (typically 3-5%). You'll also need a plan to pay off the balance before the promotional period ends, or you'll face the card's regular APR on remaining debt.