Credit Card Balance Transfer Calculator

Easily calculate your potential savings with a Discover® balance transfer offer. Simply enter your current balances (totaling up to ), APRs, and how much you pay each month.

Your total balance amount is too high or too low. Please update your current balances so they total to an amount between $500 and .

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Your potential savings over months with a balance transfer from Discover

Estimated Savings

__*
  • 0% Intro APR period months
  • Monthly Payment $--
  • After the 0% Intro APR Period ends, you'd have a remaining balance of --. To pay it off before this, you could increase your monthly payments to --.

Interest and Fees

Discover Card

Current Card(s)

Estimated savings based on the projected interest for your current card(s) compared to a Discover Card x% intro APR for x months with a x% intro fee, then x% - x% Standard Variable Purchase APR will apply to any remaining balances. For future balance transfers, a fee of up to x% will apply.

Ready to save on interest with a balance transfer from Discover?

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Looks like there aren’t any potential savings*with a balance transfer

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Savings breakdown

  • Interest with your current card(s) (--% APR)

    $-- .

  • Minus the

    Interest with a Discover Intro APR for months (0% APR)

    $0 .

  • Minus the

    Discover balance transfer fee ()

    $-- .

  • Estimated savings with DiscoverMinimum monthly payment: $--

    = $-- .

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Here’s what a balance transfer calculator does

Helps you see the cash you could save on interest

A balance transfer calculator helps you see the amount of money you could save by transferring higher interest credit card debt to a lower rate.

Helps you understand your balance transfer better

A balance transfer moves higher interest credit card debt to a credit card with a lower interest rate. Your balance transfer introductory rate may be as low as 0%, with no interest charge on your balance transfer during the promotional period. A balance transfer fee often applies, which is a percent of the debt amount you transfer.

Helps clear up factors that affect your savings

The money you save with a balance transfer depends on several things, including your balance transfer fee, the amount of debt you transfer, any promotional interest rate, the balance transfer amount you pay off before your standard rate applies and your interest charge afterwards.

More balance transfer credit card questions

Balance transfers are a great way to lower debt and save money on interest by moving a credit card balance at a higher APR to a card with a lower interest rate. That could mean a lower monthly payment, lower minimum payment or even an earlier payoff date as you consolidate debt.

 

Before you get a new balance transfer card, however, be sure to understand your terms, including any promotional purchase APR or balance transfer APR. And review your standard APR and likely interest charge after the promotional period is over. Remember that your balance transfer fee is on top of any annual fee or other account fee. And if you use most of your credit limit for a balance transfer, it could impact the amount of credit you have to make a purchase or get a cash advance.

 

Be sure to use our balance transfer calculator to help decide on the right kind of balance transfer to save money with a lower interest charge or pay off your balance sooner.

The amount of debt you can transfer on a balance transfer card depends on your credit limit and other factors, including how much credit line you’ve already used. If you’re looking for a new balance transfer credit card, you may not know how much debt you can transfer until you're approved for an account and issued a credit limit.

While a balance transfer credit card will allow you to transfer debt from your existing credit card or multiple credit cards, it may not transfer debt from other sources, such as a personal loan. Be sure to contact the balance transfer credit card issuer for their terms.

A balance transfer fee is the amount you’ll pay to the new credit card with the lower interest rate. The balance transfer fee is usually a percent of the total debt you’re transferring. You can use our balance transfer calculator to help decide if your new lower APR makes your balance transfer fee worth paying.

Read helpful articles on balance transfer credit cards from Discover

What is a 0% Interest Balance Transfer Credit Card?

 

Learn how to save with a 0% interest balance transfer credit card offer and how it can help you pay down debt.

How Does a Balance Transfer Work on a Credit Card?

 

Learn how balance transfers work when you move credit card debt to a new card with a 0% or low introductory interest rate.

Balance Transfer vs. Debt Consolidation

 

Learn the differences between balance transfers and debt consolidation loans as ways to help you save money on interest.

View all Balance Transfer Articles
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