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This calculator is neither a quote nor a pre-qualification for a credit card Overwhelmed with debt and unable to pay down your balance against a high interest rate?The average credit card APR is 16%, which is a lot of unnecessary interest on purchases you’re trying to pay off.You can typically call your credit card provider or initiate your transfers online after approval.How to complete your balance transfer Back to top How much you can transfer and the APR you’re ultimately offered largely depends on your credit history.That’s not to say having some bumps in your credit history completely takes you out of the running.
You’ll find plenty of balance transfer cards that accept those with poor credit too.
A 0% interest balance transfer card can offer 6, 12 and sometimes 18 interest-free months.
Your full monthly payment is applied to paying down your total debt, which can save you money in the long run, keeping more of it in Many balance transfer credit cards charge a fee to move your existing debt to the card — typically 3% to 5% of the balance you’re transferring.
To use the calculator: Fill out your current credit card information by inputting the balance and APR on each line below.
If you know the details about the card you’re transferring to, fill those out to see how much you’ll save.
If you don’t qualify for the total amount you requested, your creditors are typically paid off in the order you listed them on your application.