Credit Card Finder Releases Balance Transfer Calculator

To continue out the quest for the best credit card experience for our Australian users, Credit Card Finder has released a free and easy-to-use balance transfer calculator. The only thing you’ll need to use it is the latest version of Flash Player.

It’s not uncommon for us to preach the benefits of a balance transfer, and now you’ll be able to see the potential savings for yourself. It is easy for websites and credit card companies to claim that a balance transfer will save you piles and piles of cash. However, until you put the numbers to the test you will not truly know if a balance transfer is actually going to save money or if it is just more smoke an mirrors. Do not be fooled by simply seeing the lower number under the interest rate, put in your own financial numbers to get a real picture of your potential savings. Keep in mind that it is easy and, best of all, free for you to use. Credit Card Finder even allows webmasters to use it on their own sites, by simply clicking the share tab on the calculator for the source code.

Using the Balance Transfer Calculator:

• Input your current credit card(s) and their balances and interest rates
• Input the balance transfer offer of the card you wish to transfer to.
• Press ‘˜Calculate’ to view your results of how much money you would save by undertaking your balance transfer scenario.

A balance transfer calculator can give you peace of mind. If you are considering a balance transfer to get out of debt, you can use this handy calculator to figure out exactly what your savings will wind up being. It is easy to use and share and best of all it is free. -

A shot of the calculator in action.

If it seems easy to use, it is because this balance transfer calculator is easy to use. For example if you have a credit card that carries a 17.99% interest rate and has a balance of $2534 and another card that has a $3320 balance and a 16.99% interest rate you can plug those numbers into the balance transfer calculator along with a new 2.9% interest rate for 12 months that you are interested in getting from a new credit card. Once you include an annual fee of $69, the calculator shows a savings of $797.31 for the first year. It can even break down your figures to show much you would have spent, how much you saved, and how much you will spend by doing a balance transfer. 
This balance transfer calculator takes the guess work out of financial management. All you have to do is pop in your numbers and you can easily see which options suit your budget and how to maximise your savings. No one wants to waste money on interest, but people get scared of balance transfer schemes. You will have no reason to be scared because your savings has been calculated down to the last dollar. 

The calculator is completely free for anybody to use on their own websites. Click the ‘Share’ tab on the calculator to view the source code.
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If you have any queries or comments on the calculator, do not hesitate to contact us.
Give the calculator a spin.

Comparison of our Top Credit Card Offers

		Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual Fee	Cash Advance Rate (p.a.)
Citibank Clear Platinum Card	A low interest rate offer on balance transfers and purchases	11.99%	2.9% for 12 months	$99	21.74%
St George Vertigo	An introductory offer on balance transfer and a low annual fee	13.24%	0.99% for 12 months	$55	21.49%
Virgin Flyer Credit Card	Earn 1 velocity point per $1 spent, plus an introductory offer on balance transfers	20.99%	1.9% for 9 months	$99	20.99%
Westpac 55 Day Credit Card	No annul fee for the first year with a low rate on balance transfers and purchases	0% for 5 months (reverts to 19.59% )	3.99% for 6 months	$0	21.49%
ANZ Frequent Flyer	An exclusive bonus points offer, Plus extended warranty, overseas travel and medical insurance,90 day purchase security insurance.	19.74%		$95	20.99%