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Balance Transfer Credit Cards

Wanting to transfer an owed amount from a high-interest credit card to a care with a lower interest rate? Balance transfer credit cards are a great way to pay off debt faster while saving money on interest charges. Learn about the importance of a low introductory interest rage, balance transfer fee, and other benefits to consider.

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Balance transfer savings calculator

Transferring debt to a credit card with a 0% introductory annual percentage rate, or APR, could save you hundreds of dollars in interest while you pay down your debt.

Your existing credit card debt

Credit card debt you want to transfer to the new card (in dollars)

Interest rate (APR) charged on that current debt

Details of balance transfer card

Balance transfer fee on new card (choose)

Number of months in new card's 0% interest period

If you moved your debt to the balance transfer card and paid it off within the 0% intro period, your only cost would be your balance transfer fee:

If you kept your debt on your current card and paid it off in equal installments over the same period, your total interest payments would be roughly:

Your savings with a balance transfer

Interest calculations are estimates. Actual finance charges will vary according to your payments and your credit card's terms.

Balance Transfer Credit Cards Basics

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Balance Transfer Credit Cards by State

View Balance Transfer Credit Card Rates By State

Balance transfer credit card regulations and requirements are generally governed by federal law in the US, but certain state laws may impact credit card issuers and their practices. Some states may have additional consumer protection laws, such as limitations on credit card fees or interest rates, that could impact balance transfer credit card users. It's important for consumers to research and understand their state's laws and regulations when using balance transfer credit cards, and to work with a reputable issuer to find a card that offers valuable benefits while complying with applicable laws.