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Credit Card Balance Transfer Calculator

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Calculate how much interest you will save with a Credit Card balance transfer. It is free for any webmasters to use on their own websites, simply click on the ‘Share’ tab for the code.


Visit our balance transfer guide for more information on balance transfers as well as the latest and greatest Australian balance transfer offers.


How to use the Balance Transfer Calculator

Step 1
Input your credit card balances and interest rates.
Step 2
Input the credit card you are looking to transfer to.
Step 3
Calculate your savings.

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Example of Balance Transfer Scenario

Jane has 2 credit cards. They feature:

  • Card #1 – A balance of $2533 and an interest rate of 17.99% p.a.
  • Card #2 – A balance of $3320 and an interest rate of 16.99% p.a.

To cut down on her interest repayments, Jane decides to carry out a balance transfer in order to repay the minimum possible. A 0% for 6 month offer isn’t long enough for her to repay the debt, so she decides to undertake a 2.9% for 12 month transfer with the Citibank Silver Credit Card.
Her input into the balance transfer calculator would look like this:
-

Jane's Balance Transfer Input

-

The ‘regular interest rate’ and ‘annual fee’ are of the credit card you plan to make the transfer to. After the inputs have been made and Jane presses ‘Calculate’, she gets her results:

-

Jane's Balance Transfer Results

The first bar is how much interest Jane would have paid by taking 12 months to pay off her 2 original balances.

The second column is how much she spent in interest on her balance transfer card, including the cost of the annual fee.

The third column is how much money she saved by carrying out the balance transfer.

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Editor’s Choice:

Comparison of Credit Cards with Balance Transfer Offers


Credit Card Card Details Interest Rate (p.a.) Cash Advance Rate (p.a.) Balance Transfer Rate (p.a.)


Annual fee

Interest free days (up to)


St George   Vertigo MasterCard Application
St George Vertigo
Editor’s Choice:
Low Interest

Low 11.74% p.a. interest rate and balance transfer rate, from one of Australia’s most respected banks.
2.99% for 6 months (reverts to 11.74%) 19.99% 2.99% for 6 months $55 55
Citibank Platinum Visa Credit Card
Citibank Platinum Visa Card
Editor’s Choice:
Platinum Card

A platinum credit card with a competitive low interest rate, 0.99% balance transfer offer, discounts and free travel insurance.
11.49 20.99% 0.99% for 6 months $85 55
ANZ Low Rate MasterCard
ANZ Low Rate MasterCard
Editor’s Choice:
Balance Transfer

A very popular card choice with a low rate, annual fee and attractive 0% balance transfer offer.
12.49% 20.74% 0% for 6 months $58 55
BankWest Lite MasterCard

BankWest Lite MasterCard

Low interest rate on purchases with interest free days. 9.99% 20.49% 1.99 p.a. for 12 months $59 55 N/a
Citibank Silver Credit Card
Citibank Silver Card
Features a free rewards program along with no point expiry. 20.49% 20.49% 2.9% p.a. for up to 12 months. $69 55 Apply now for the Citibank Silver via the official Citibank website.
Find out more about what the Citibank Silver has to offer.
Citibank BP MasterCard Application
Citibank BP MasterCard

5% off petrol at BP.

0.5% cashback for every other purchase made on the card.

20.39% 20.39% 2.90% p.a. for 12 months $130 55 Apply now for the Citibank BP via the official Citibank website.
Find out more about what the Citibank BP has to offer.
Commonwealth Bank Awards Credit Card
Commonwealth Bank Awards Card
Earn up to 50,000 points per year. Online security guarantee.Cash back and Frequent FlyerAwards system, including Bonus Partner Reward Offers. 

Earn 1.5 Awards points for every $1 spent with a Commonwealth Bank American Express® Card

19.74% 20.74% 5.99% for 5 months. $89
(or $59
for
qualifying
customers)
55 Apply now for the Commonwealth Bank Awards via the official Commonwealth Bank website.
Find out more about what the Commonwealth Bank Awards has to offer.
ANZ Balance Visa Card
ANZ Balance Visa Credit Card

One of the better reward program credit cards in Australia.

You gain reward points for every dollar you pay off your balance.


Also a modest annual fee and low purchase rate.

13.49% 20.74% 0% p.a. for 6 months $79 55 Apply now for the ANZ Balance Visa via the official ANZ website.
Find out more about what the ANZ Balance Visa has to offer.



2 Responses

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  1. How Much Credit Can I Afford? | Credit Card Finder Says:

    [...] question of how much credit an individual can afford can only be answered by offering some guidelines and advice. From there, [...]

  2. ANZ Balance Transfer Credit Cards | Credit Card Finder Says:

    [...] balance transfer calculator figures out how much you would spend on interest at your current rate compared to what you would [...]

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Editor's Choice: Our Top Credit Cards


Credit Card Card Details Interest Rate (p.a.) Cash Advance Rate (p.a.) Balance Transfer Rate (p.a.)

Annual fee

Interest free days (up to)

St George Vertigo MasterCard Application
Bankwest Lite MasterCard
Editor's Choice:
Cheapest Credit Card

The lowest stress mastercard, with Australia's lowest MasterCard purchase rate of just 9.99% p.a.
9.99% 20.99% 1.99% for 12 months $59 55 Apply now for the Bankwest Lite MasterCard via the official BankWest website.
More information on the Bankwest website
St George  
Vertigo MasterCard Application
St George Vertigo
Editor's Choice:
Best Bank
Low 2.99% for 6 months (reverts to 11.74%) p.a. interest rate and balance transfer rate, from one of Australia's most respected banks.
2.99% for 6 months (reverts to 11.74%) 20.49% 2.99% for 6 months $55 55
BankWest Zero Platinum MasterCard
Citi Clear Platinum Visa
Editor's Choice:
Low Interest
An excellent low interest credit card offer with 11.49%interest on purchases and 0.99% for 6 months on balance transfers .
11.49% 20.99% 0.99% for 6 months $42 55
ANZ Low Rate MasterCard
ANZ Low Rate MasterCard
Editor's Choice:
Balance Transfer

A very popular card choice with a low rate, annual fee and attractive 0% for 6 monthsbalance transfer offer.
12.49% 20.74% 0% for 6 months $58 55
BankWest More Platinum MasterCard
Bankwest Zero Platinum MasterCard
Editor's Choice:
No Annual Fee
Excellent introductory offer with a $0 annual fee for the life of the credit card and a 1.99% p.a. for 12 months on balance transfers
15.99% 15.99% 1.99% for 12 months $0 55

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Interest Repayment Calculator
Enter your balance(s) to calculate the interest to pay on your cards.

Balance Transfer Calculator
Input a balance transfer offer to calculate your potential savings.
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