🔄 Balance Transfer Calculator
Calculate potential savings from transferring credit card balances to cards with lower interest rates or promotional offers
💳 Credit Card Payoff Calculator
Calculate how long it will take to pay off your credit card debt and how much interest you'll pay
💡 Credit Card Payoff Tips
- • Pay more than the minimum to reduce interest costs significantly
- • Consider balance transfer to a lower APR card
- • Stop using the card while paying it off
- • Pay twice monthly to reduce average daily balance
- • Focus on highest APR cards first (avalanche method)
- • Consider debt consolidation for multiple cards
How to Use
1. Enter current credit card balance and APR
2. Input new card's promotional rate and duration
3. Add balance transfer fee (typically 3-5%)
4. Set your planned monthly payment
5. Compare total costs and savings
6. Analyze break-even point for transfer
Features
✓ Transfer fee impact analysis
✓ Promotional rate period tracking
✓ Interest savings calculation
✓ Break-even analysis
✓ Multiple card comparison
✓ Payoff timeline optimization