Balance Transfer (BT) Calculator
Calculate if transferring your credit card balance will save you money. Compare costs and get a clear recommendation.
YES - Transfer Recommended
You'll save ₹18,675.467 by transferring
Transfer Fee
₹2,000
Total Interest Saved
₹20,675.467
Net Savings
+₹18,675.467
Break-even Time
1 months
| Metric | Current Card | New Card | Difference |
|---|---|---|---|
| Starting Balance | ₹1,00,000 | ₹1,02,000 | +₹2,000 |
| Total Interest | ₹20,675.467 | ₹0 | -₹20,675.467 |
| Annual Fee | ₹0 | ₹0 | ₹0 |
| Payoff Time | 13 months | 11 months | -2 months |
| Total Cost | ₹1,20,675.467 | ₹1,02,000 | -₹18,675.467 |
Check the Fine Print
Read terms carefully - some cards have restrictions on balance transfer amounts or timeframes.
Don't Miss Payments
Missing payments can void your promotional rate and add late fees.
Avoid New Purchases
New purchases may not get the 0% rate and can complicate your payoff plan.
Plan for Post-Promo Period
Aim to pay off the balance before the promotional period ends.
A balance transfer involves moving your existing credit card debt to a new card, typically one with a lower interest rate or promotional 0% APR period.
Balance transfers can help you save on interest charges and pay off debt faster if used strategically.
Key Components:
- • Transfer Fee (typically 2-5% of balance)
- • Promotional APR (often 0% for 6-24 months)
- • Post-promotional APR
- • Transfer limits and restrictions
A balance transfer makes sense when:
- You have high-interest credit card debt
- You can pay off the balance during the promo period
- The interest savings exceed the transfer fee
- You have good credit to qualify for the best offers
- You commit to not accumulating more debt
This calculator provides estimates based on the information you provide. Actual savings may vary based on your card terms, payment behavior, and other factors.
Balance transfers are a financial tool, not a solution to overspending. Develop a budget and avoid accumulating new debt while paying off transferred balances.
Always read the terms and conditions of balance transfer offers carefully. Consult with a financial advisor for personalized advice.