Credit Card Balance Transfer Calculator

Credit Card Balance Transfer Payment Calculator

Input Fields

Transferred Balance

$

Enter the amount you want to transfer

Transfer Fee

%

Enter the balance transfer fee percentage

Repayment Term

months

Enter the repayment term in months

CalculateReset

Calculate automaticallyIf enabled, the result will update automatically when you change any value.

Your Results

New Balance

Monthly Payment

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Credit Card Balance Transfer Formulas

$$\text{New Balance} = \text{Transferred Balance} + (\text{Transferred Balance} \times \text{Transfer Fee \%})$$ $$\text{Monthly Payment} = \frac{\text{New Balance}}{\text{Repayment Term}}$$

Where:

• Transferred Balance = Amount of debt being transferred
• Transfer Fee % = Percentage fee charged for transferring the balance
• New Balance = Total balance after including transfer fee
• Repayment Term = Number of months to pay off the balance
• Monthly Payment = Amount to pay each month to settle the balance within the repayment term

The Credit Card Balance Transfer Calculator helps users determine the true cost of transferring credit card debt, taking into account transfer fees and calculating the required monthly payment. It’s a valuable tool for managing debt repayment strategies and comparing balance transfer offers.