Balance transfer savings calculator
See how much you could save by moving credit card debt to a 0% or low-rate balance transfer card.
Moving high-interest credit card debt to a 0% balance transfer card can save hundreds in interest. Most cards charge a 2–4% transfer fee — this calculator factors that in so you see your real savings.
Fee: £150
You could save
£560
(Current card interest − new card interest − transfer fee of £150)
Required monthly to clear in promo
£429.17
over 12 months
Total interest — current card
£710
Total interest — new card
£0
+ £150 fee
Payoff — current card
14 mo
1.2 years
Payoff — new card
12 mo
1.0 years
Effective monthly used
£429.17
Tip: always aim to pay off the full transfer balance before the promo ends. Otherwise the post-promo APR can wipe out your savings quickly.
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Open the debt calculatorEstimates only. Not financial advice.