Calculate your potential savings with our easy-to-use credit card balance transfer calculator. Compare interest rates, fees, and payment terms to find the best balance transfer offer, lower your monthly payments, and pay down debt faster.
Tips for Choosing a New Credit Card
- - Interest Rate (APR) : Aim for a lower APR, especially if you plan to carry a balance. Cards with 0% introductory APR are ideal for large purchases.
- - Desired Monthly Payment : Calculate your ideal monthly payment if planning to pay balances gradually. Set an amount you can consistently afford.
- - Annual Fee : Many cards offer $0 annual fees, beneficial if you’re budget-conscious. Cards with fees often offer higher rewards or perks.
- - Introductory Rate : If planning a balance transfer, look for 0% introductory APR on transfers, saving you on interest for the initial months.
- - Intro Offer Length : A longer offer period gives more time to pay off balances at a lower rate. Offers commonly last 12-18 months.
- - Balance Transfer Fee : Important for consolidating debt. Some cards waive it for the first few months, ideal for large balance transfers.