Balance transfer calculator | Credit Card Skill

Compare the promotional period

The model compares the same monthly payment on the original balance and the transferred balance.

Estimated savings during the promotional period

Transfer fee

Transfer ending balance

Original ending balance

Same balance, same payment, two paths.

The transfer path begins with the balance plus the entered fee. The original path keeps the balance at the entered APR. Both receive the same monthly payment for the promotional period.

Not an offer decision

The estimate does not assume approval, a particular credit limit, a completed transfer, or continued promotional terms. Review the actual offer and agreement.

Worked example

A $5,000 transfer with a 3% fee adds $150. At 0% promotional APR and a $500 monthly payment, the transferred amount can be repaid during a 12-month period in this simplified model. The original path at 24% APR accumulates estimated interest.

Break-even estimate

The displayed break-even month divides the transfer fee by the first month's estimated interest difference. Because balances decline, this is only a quick orientation—not a precise future date.

Source and review status

Primary source: Consumer Financial Protection Bureau balance transfer fee guidance. The formula, assumptions, example, limitations, and source were checked during the current editorial review.