Free financial calculator
Balance Transfer Calculator
See whether a promotional balance transfer could reduce borrowing costs.
Use the calculator ↓Adjust the assumptions
Balance Transfer Calculator
See whether a promotional balance transfer could reduce borrowing costs.
Result
£0
View year-by-year breakdown ＋
| Year | Contributions | Growth | Balance |
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Questions answered
What this calculator helps you work out
- Could a balance transfer save money after the fee?
- What balance might remain when the promotional period ends?
- How does keeping the current card compare?
Common questions
Balance Transfer Calculator FAQs
How is the transfer fee included?＋
The selected percentage is added to the transferred balance at the start of the comparison.
What happens after the promotional period?＋
Any remaining balance may move to a higher rate. This calculator stops at the end of the entered promotional period.
Can a transfer still help if the rate is not 0%?＋
Possibly. Enter the actual promotional rate and compare the estimated total cost.
Go beyond the result
How to Calculate a Balance Transfer Fee
See a worked example, the trade-offs to consider and the assumptions that can change the answer.