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Balance transfer calculator

Find out how much money you could save by swapping to a balance transfer card.


Ready to make some savings?

See your 0% balance transfer offers now

See your offers

We’ve built this handy calculator to show you how much money you could save by swapping to a balance transfer card. Enter the following details into the calculator to see your savings in seconds:

  • Your current credit card balance (or the amount you’d like to transfer)
  • Your current credit card’s APR
  • The 0% balance transfer card offer length (in months)
  • The transfer fee % (if applicable)

The calculator works by assuming you make even payments of the balance to £0 across the balance transfer term. The total amount payable is then compared to your existing card to calculate your savings.

Ready to make some savings? See your 0% balance transfer cards now.

How a balance transfer card could save you money

If you’re paying interest on your current credit card, you could stand to make some easy savings.

A balance transfer card lets you move your existing balance to a new card and pay it off at 0% interest for a set period of time. It’s a no brainer if you want to pay down your debt without wasting money on expensive interest charges.

As well as saving money on interest, a balance transfer card can help you organise your debt into one place, making it more manageable. You’ll only have one monthly payment to worry about - instead of several - which makes it easier to stay on top of your payments.

One thing to be aware of is that some balance transfer cards will charge a fee for transferring your balance. This will be charged as a percentage of the amount you’re moving over - typically between 1% and 3%. Be sure to check that any handling fees you'll have to pay won't cost you more than the amount you'd save by switching to the card.


Lucy has a wealth of personal finance knowledge, and is one of our in-house experts.