Balance Transfer Break-Even Calculator

    Determine if a balance transfer offer makes financial sense for your situation.

    $
    $100$50,000

    Enter the amount you want to transfer

    %
    7%29.99%

    Your current credit card APR

    %
    0%10%

    The promotional rate offered

    months
    3months24months

    Number of months at promotional rate

    %
    0%5%

    One-time balance transfer fee

    $
    $10$10,000

    Amount you plan to pay each month

    Net Savings with Transfer

    $364.93

    Transfer Fee

    $150

    Break-Even Point

    2

    Interest if You Stay

    $514.93

    Interest with Transfer

    $0

    Transfer Fee$150
    Break-Even Point2
    Interest if You Stay$514.93
    Interest with Transfer$0

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    Rate source: Financial Consumer Agency of Canada