No annual fee

Low interest rate

Shrink your debt faster and save on interest.

High interest rates can make paying off your credit card feel like a never-ending climb. With this calculator, you can see how much you could save by transferring your balance to a lower-rate card. Just enter your current balance, interest rate, and any fees, and you’ll get a clear picture of how a balance transfer could help you pay down debt sooner

Disclaimers

Definitions

  • Current balance: Current outstanding balance on your credit card.
  • Interest rate (APR): The annual interest rate being charged for this credit card.
  • Payoff goal (in months): Your goal for paying off this credit card. This is the number of months by which you would like to have completely paid off this credit card balance.
  • Current monthly payment: The amount you are currently paying per month on this credit card. Please enter the amount you actually pay, not the minimum payment. This amount is used to calculate how long it will take you to pay off your balance.
  • Additional monthly charges: Total new charges you expect to put on this credit card per month.
  • Annual fee: Your annual fee for this credit card, if any.
  • Major purchase: If you expect a major purchase beyond your normal charges, enter the amount to be spent here.
  • Months before purchase: Number of months before your major purchase will occur.

This calculator is for illustrative purposes only. The information shown is designed to provide basic information based upon your input and assumptions

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