A 0% balance transfer card is the smartest way to clear credit card debt. By moving your debt to a card that charges no interest for a set period, 100% of your monthly payment goes toward clearing the actual balance.
However, balance transfers usually come with a fee. Our calculator factors in this fee to show you your exact net savings.
Balance Transfer Savings
Calculate your exact interest savings.
To get the most out of a balance transfer, take your total balance (including the fee) and divide it by the number of 0% months. Set up a Direct Debit for that exact amount. If you do this, the debt will be completely cleared before the 0% period ends and the high interest rate kicks in.