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How the comparison works
The fee (usually 3%–5%) is added to the transferred balance. During the intro period no interest accrues; afterwards the remaining balance is charged the regular APR. The calculator simulates both paths month by month.
Payment needed to clear the balance in the promo (3% fee)
| Balance | 12 months | 15 months | 18 months | 21 months |
|---|---|---|---|---|
| $2,000 | $172 | $137 | $114 | $98 |
| $5,000 | $429 | $343 | $286 | $245 |
| $8,000 | $687 | $549 | $458 | $392 |
| $10,000 | $858 | $687 | $572 | $490 |
| $15,000 | $1,288 | $1,030 | $858 | $736 |
Fine print to check
- Transfers usually must happen within a set window after opening.
- New purchases may accrue interest at the regular APR.
- A late payment can end the 0% rate.
- The credit limit may be lower than your balance.
Sources and assumptions
- Month-by-month simulation; regular APR ÷ 12 each month after the intro period.
- CFPB: balance transfers
Related
Frequently asked questions
Is a balance transfer worth the 3% fee?
Usually, if your current APR is high and you can pay most of the balance off during the 0% period. The calculator shows the dollar difference.
What happens when the 0% period ends?
The remaining balance starts accruing interest at the card's regular APR.