Enter your balance, what you can truly pay each month, and the offer you’re looking at. The calculator shows the interest saved – and more importantly, whether your repayment actually clears the debt before the 0% period ends and the revert rate (typically 20-26% p.a.) takes over. That’s the bet the bank is making against you.
New to the concept? Read what a balance transfer is and the trap most people fall into, then how to pick the right offer (hint: the longest 0% period is frequently not the cheapest). If you’re in financial difficulty, the National Debt Helpline (1800 007 007) is free and independent.
Common questions
How much can a balance transfer save me?
It depends on your balance, the interest rate you are paying now, and how much of the debt you clear inside the 0% window. Enter your numbers and the calculator shows the interest you would save.
What is the catch with balance transfers?
The revert rate once the promo ends, the upfront transfer fee, and losing interest-free days on new purchases. See what is a balance transfer for the full explanation.
