Credit Card Balance Transfer Calculator

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:
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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:

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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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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	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 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	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	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 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
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
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
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