Balance Transfer Savings
Compare the cost of keeping your current balance with the cost of transferring it. See how much you could save — or lose — during the promotional period and overall.
Your Balance Transfer Results
Current Balance & Transfer Offer
Enter the details of the balance you are considering transferring.
Current Balance
Enter the interest rate and monthly payment for your existing balance.
Balance Transfer Offer
Enter the promotional and post-promotion interest rates offered by the new account.
01 How the Analysis Works
The calculator compares two scenarios: keeping the current balance and transferring the balance to the new offer.
The analysis accounts for interest charged each month, your monthly payment, the transfer fee, the promotional period, and the interest rate that applies after the promotion.
A positive overall savings amount means the transfer costs less under the assumptions provided. A negative amount means keeping the current balance would cost less.
Before You Transfer
- Check whether the transfer fee has a minimum or maximum dollar amount.
- Confirm how long the promotional rate lasts.
- Check the interest rate that applies after the promotional period.
- Make sure your monthly payment is enough to eliminate the balance within your intended timeframe.
- Review the terms of the actual offer before making a financial decision.
This calculator provides an estimate based on the information you enter. Actual results may differ based on the terms of your account, payment timing, fees, and other factors.