One way to evaluate if a balance transfer could be worthwhile is with an interest calculator— plug in your current card’s balance and interest rate and your payment preferences, and see how much interest you’d pay over time. If the interest charges are more than you’d pay for a bala...
Credit Card Balance Transfer Calculator See how much you could save by moving debt from a high-interest credit card to a new card with a 0% intro rate.Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, ...
3. Wait for the transfer to go through.Once the balance transfer is approved, which could take two weeks or longer, the issuer will generally pay off your old account directly. The old balance — plus the balance transfer fee — will show up in the account on your new card. 4. Pay d...
Finance, NerdWallet, Investopedia, CNN Underscored, MSNBC, USA Today, and CNET Money. She previously wrote The Penny Hoarder’s syndicated “Dear Penny” personal finance advice column. Featured balance transfer credit card offers Discover ...
Use our balance transfer calculator to see how much you could save with a balance transfer. You have subpar credit. To qualify for the top balance transfer credit cards, you'll typically need good credit. If your credit is bad or aver...
The balance transfer fee on the card you're moving the debt to. Whether you will be able to pay the debt in full before the 0% period ends. Even so, our balance transfer calculator can give you a general sense of what you could pay if you didn't do the transfer, compared with wha...
The balance transfer fee on the card you're moving the debt to. Whether you will be able to pay the debt in full before the 0% period ends. Even so, our balance transfer calculator can give you a general sense of what you could pay if you didn't do the transfer, comp...
Finance, NerdWallet, Investopedia, CNN Underscored, MSNBC, USA Today, and CNET Money. She previously wrote The Penny Hoarder’s syndicated “Dear Penny” personal finance advice column. Simplify picking one of the best credit cards Our nine ...
Finance, NerdWallet, Investopedia, CNN Underscored, MSNBC, USA Today, and CNET Money. She previously wrote The Penny Hoarder’s syndicated “Dear Penny” personal finance advice column. Simplify picking one of the best credit cards Our nine t...
A balance transfer calculator can help you weigh the fee vs. the interest you're paying. 4. Overestimating how much debt can be transferred Just like other credit cards, balance transfer credit cards come with a credit limit, and that limit will dictate the size of balance that you can...