{"id":812751,"date":"2019-10-29T20:46:03","date_gmt":"2019-10-30T00:46:03","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=812751"},"modified":"2025-04-17T23:45:03","modified_gmt":"2025-04-18T03:45:03","slug":"credit-card-balance-transfer-calculator","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator","title":{"rendered":"Balance transfer credit card calculator: How much can you save?"},"content":{"rendered":"<p>To get a better idea of how balance transfer cards can help, check out our handy debt repayment calculator to see if a balance transfer card works for you. After, you can take a look at our examples of debt repayment to see how it compares to other options.<\/p><h3 id=\"howto\">How to use this calculator<\/h3><ol><li>In the <strong>Card #1 <\/strong>line, fill in your current credit card&#8217;s balance and APR. You can add additional balances by clicking the<strong> Add another card <\/strong>button.<\/li><li>If you know your balance transfer card details, fill those out in the next section to see how much you&#8217;ll save. We&#8217;ll input some default values for you if you don&#8217;t have a specific card in mind.<\/li><li>As you input card details, you&#8217;ll see how long it&#8217;ll take you to pay off your debt \u2014 with and without a balance transfer. You&#8217;ll also see how much you can save with a balance transfer.<\/li><\/ol><h3 id=\"btre\">Balance transfer repayment calculator<\/h3><div class=\"content-medium\"><div class=\"balance-transfer-calculator\">\n    <form class=\"luna-form\">\n        <section>\n            <fieldset class=\"luna-form__fieldset\">\n                                                    <div id=\"card1\"\n                         class=\"u-grid \">\n                        <div class=\"u-grid__col u-1\/5 u-grid__col--alignMiddle\">\n                            <strong>Card #1<\/strong>\n                        <\/div>\n                        <div class=\"u-grid__col u-2\/5\">\n                            <label class=\"luna-label\" for=\"c1_o\">Amount owed<\/label>\n                            <div class=\"luna-affix\">\n                                <span class=\"luna-affix__label\">$<\/span>\n                                <input class=\"luna-input\" type=\"number\"\n                                       placeholder=\"1000\"\n                                       id=\"c1_o\" name=\"c1_o\"\n                                       value=\"\">\n                            <\/div>\n                        <\/div>\n                        <div class=\"u-grid__col u-2\/5\">\n                            <label class=\"luna-label\" for=\"c1_a\">Current APR<\/label>\n                            <div class=\"luna-affix\">\n                                <input class=\"luna-input\" type=\"number\"\n                                       placeholder=\"17.00\" id=\"c1_a\"\n                                       name=\"c1_a\" value=\"\">\n                                <span class=\"luna-affix__label\">%<\/span>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                                                        <div id=\"card2\"\n                         class=\"u-grid is-hidden\">\n                        <div class=\"u-grid__col u-1\/5 u-grid__col--alignMiddle\">\n                            <strong>Card #2<\/strong>\n                        <\/div>\n                        <div class=\"u-grid__col u-2\/5\">\n                            <label class=\"luna-label\" for=\"c2_o\">Amount owed<\/label>\n                            <div class=\"luna-affix\">\n                                <span class=\"luna-affix__label\">$<\/span>\n                                <input class=\"luna-input\" type=\"number\"\n                                       placeholder=\"0\"\n                                       id=\"c2_o\" name=\"c2_o\"\n                                       value=\"\">\n                            <\/div>\n                        <\/div>\n                        <div class=\"u-grid__col u-2\/5\">\n                            <label class=\"luna-label\" for=\"c1_a\">Current APR<\/label>\n                            <div class=\"luna-affix\">\n                                <input class=\"luna-input\" type=\"number\"\n                                       placeholder=\"17.00\" id=\"c2_a\"\n                                       name=\"c2_a\" value=\"\">\n                                <span class=\"luna-affix__label\">%<\/span>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                                                        <div id=\"card3\"\n                         class=\"u-grid is-hidden\">\n                        <div class=\"u-grid__col u-1\/5 u-grid__col--alignMiddle\">\n                            <strong>Card #3<\/strong>\n                        <\/div>\n                        <div class=\"u-grid__col u-2\/5\">\n                            <label class=\"luna-label\" for=\"c3_o\">Amount owed<\/label>\n                            <div class=\"luna-affix\">\n                                <span class=\"luna-affix__label\">$<\/span>\n                                <input class=\"luna-input\" type=\"number\"\n                                       placeholder=\"0\"\n                                       id=\"c3_o\" name=\"c3_o\"\n                                       value=\"\">\n                            <\/div>\n                        <\/div>\n                        <div class=\"u-grid__col u-2\/5\">\n                            <label class=\"luna-label\" for=\"c1_a\">Current APR<\/label>\n                            <div class=\"luna-affix\">\n                                <input class=\"luna-input\" type=\"number\"\n                                       placeholder=\"17.00\" id=\"c3_a\"\n                                       name=\"c3_a\" value=\"\">\n                                <span class=\"luna-affix__label\">%<\/span>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                                                        <div id=\"card4\"\n                         class=\"u-grid is-hidden\">\n                        <div class=\"u-grid__col u-1\/5 u-grid__col--alignMiddle\">\n                            <strong>Card #4<\/strong>\n                        <\/div>\n                        <div class=\"u-grid__col u-2\/5\">\n                            <label class=\"luna-label\" for=\"c4_o\">Amount owed<\/label>\n                            <div class=\"luna-affix\">\n                                <span class=\"luna-affix__label\">$<\/span>\n                                <input class=\"luna-input\" type=\"number\"\n                                       placeholder=\"0\"\n                                       id=\"c4_o\" name=\"c4_o\"\n                                       value=\"\">\n                            <\/div>\n                        <\/div>\n                        <div class=\"u-grid__col u-2\/5\">\n                            <label class=\"luna-label\" for=\"c1_a\">Current APR<\/label>\n                            <div class=\"luna-affix\">\n                                <input class=\"luna-input\" type=\"number\"\n                                       placeholder=\"17.00\" id=\"c4_a\"\n                                       name=\"c4_a\" value=\"\">\n                                <span class=\"luna-affix__label\">%<\/span>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                                                        <div id=\"card5\"\n                         class=\"u-grid is-hidden\">\n                        <div class=\"u-grid__col u-1\/5 u-grid__col--alignMiddle\">\n                            <strong>Card #5<\/strong>\n                        <\/div>\n                        <div class=\"u-grid__col u-2\/5\">\n                            <label class=\"luna-label\" for=\"c5_o\">Amount owed<\/label>\n                            <div class=\"luna-affix\">\n                                <span class=\"luna-affix__label\">$<\/span>\n                                <input class=\"luna-input\" type=\"number\"\n                                       placeholder=\"0\"\n                                       id=\"c5_o\" name=\"c5_o\"\n                                       value=\"\">\n                            <\/div>\n                        <\/div>\n                        <div class=\"u-grid__col u-2\/5\">\n                            <label class=\"luna-label\" for=\"c1_a\">Current APR<\/label>\n                            <div class=\"luna-affix\">\n                                <input class=\"luna-input\" type=\"number\"\n                                       placeholder=\"17.00\" id=\"c5_a\"\n                                       name=\"c5_a\" value=\"\">\n                                <span class=\"luna-affix__label\">%<\/span>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                                                    <input type=\"hidden\" id=\"triggerCalc\" value=\"0\"\/>\n                <div class=\"u-grid\">\n                    <div class=\"u-grid__col\">\n                        <button type=\"button\"\n                                class=\"luna-button luna-button--primary luna-button--ghost luna-button--small\"\n                                id=\"addCard\">Add another card\n                        <\/button>\n                    <\/div>\n                <\/div>\n            <\/fieldset>\n        <\/section>\n        <section>\n            <div class=\"row\">\n                <div class=\"col-xs-12\">\n                    <p class=\"heading center-xs start-sm\">Card that you are transferring to:<\/p>\n                <\/div>\n            <\/div>\n            <div class=\"row\">\n                <fieldset class=\"luna-form__fieldset\">\n                    <div class=\"luna-form__group\">\n                        <div class=\"luna-form__field\">\n                            <label class=\"luna-label\" for=\"btc_apr\">Intro APR<\/label>\n                            <div class=\"luna-affix\">\n                                <input class=\"luna-input\" type=\"number\" placeholder=\"0\" id=\"btc_apr\" name=\"btc_apr\"\n                                       value=\"\">\n                                <span class=\"luna-affix__label\">%<\/span>\n                            <\/div>\n                        <\/div>\n                        <div class=\"luna-form__field\">\n                            <label class=\"luna-label\" for=\"btc_introterm\">Intro term<\/label>\n                            <div class=\"luna-affix\">\n                                <input class=\"luna-input\" type=\"number\" placeholder=\"12\" id=\"btc_introterm\"\n                                       name=\"btc_introterm\" value=\"\">\n                                <span class=\"luna-affix__label\">months<\/span>\n                            <\/div>\n                        <\/div>\n                        <div class=\"luna-form__field\">\n                            <label class=\"luna-label\" for=\"btc_ongoingapr\">APR after intro term<\/label>\n                            <div class=\"luna-affix\">\n                                <input class=\"luna-input\" type=\"number\" placeholder=\"14.00\" id=\"btc_ongoingapr\"\n                                       name=\"btc_ongoingapr\" value=\"\">\n                                <span class=\"luna-affix__label\">%<\/span>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                    <div class=\"luna-form__group\">\n                        <div class=\"luna-form__field\">\n                            <label class=\"luna-label\" for=\"btc_fee\">Balance transfer fee<\/label>\n                            <div class=\"luna-affix\">\n                                <input class=\"luna-input\" type=\"number\" placeholder=\"3\" id=\"btc_fee\" name=\"btc_fee\"\n                                       value=\"\">\n                                <span class=\"luna-affix__label\">%<\/span>\n                            <\/div>\n                        <\/div>\n                        <div class=\"luna-form__field\">\n                            <label class=\"luna-label\" for=\"btc_annualfee\">Annual fee<\/label>\n                            <div class=\"luna-affix\">\n                                <span class=\"luna-affix__label\">$<\/span>\n                                <input class=\"luna-input\" type=\"number\" placeholder=\"0\" id=\"btc_annualfee\"\n                                       name=\"btc_annualfee\" value=\"\">\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                <\/fieldset>\n            <\/div>\n        <\/section>\n        <section class=\"btc-results is-hidden\">\n            <div class=\"row\">\n                <div class=\"col-xs-12\">\n                    <div class=\"slider-wrapper\">\n                        <p class=\"floating\">Your monthly repayment<br\/><strong>$<span\n                                        class=\"js-slider-val\">500<\/span><\/strong><\/p>\n                        <input id=\"slider\" class=\"mdl-slider mdl-js-slider js-repayment-slider\" type=\"range\" min=\"0\"\n                               max=\"1000\" value=\"667\">\n                        <div class=\"row\">\n                            <div class=\"col-xs-4 critical\">&#160;<\/div>\n                            <div class=\"col-xs-4 standard\">&#160;<\/div>\n                            <div class=\"col-xs-4 recommended\">&#160;<\/div>\n                        <\/div>\n                        <div class=\"row\">\n                            <div class=\"col-xs-4\"><strong>Critical<\/strong><br\/>\n                                <small>At this rate, you will not pay off your debt.<\/small>\n                            <\/div>\n                            <div class=\"col-xs-4\">&#160;<\/div>\n                            <div class=\"col-xs-4\"><strong>Recommended<\/strong><br\/>\n                                <small>At this rate you will pay off your debt during the card's intro period<\/small>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                <\/div>\n            <\/div>\n        <\/section>\n        <section class=\"btc-results is-hidden timeframe\">\n            <div class=\"unpayable\"><p>At that rate you will not pay off your debt. You will need to make higher\n                    repayments.<\/p><\/div>\n            <div class=\"row\">\n                <div class=\"col-xs-12\">\n                    <p class=\"heading center-xs start-sm\">Months that it will take you to pay off your debt:<\/p>\n                <\/div>\n            <\/div>\n            <div class=\"row\">\n                <div class=\"col-xs-12 col-sm-6\">\n                    <p class=\"withBalance\">With a balance transfer <br\/><strong class=\"js-withBtcVal\">12 months<\/strong>\n                    <\/p>\n                    <p class=\"withoutBalance\">Without a balance transfer <br\/><strong class=\"js-withoutBtcVal\">15\n                            months<\/strong><\/p>\n                <\/div>\n                <div class=\"col-xs-12 col-sm-6\">\n                    <div id=\"linear_div\"><\/div>\n                <\/div>\n            <\/div>\n        <\/section>\n        <section class=\"btc-results is-hidden savings-section\">\n            <div class=\"row\">\n                <div class=\"col-xs-12\">\n                    <p class=\"heading center-xs start-sm\">Money saved transferring debt to a balance transfer card:<\/p>\n                <\/div>\n            <\/div>\n            <div class=\"row\">\n                <div class=\"col-xs-12 col-sm-6 savings center-xs start-sm\">\n                    <div class=\"savings-active\">\n                        <p>Savings = <span class=\"js-savingsVal\">$1,000<\/span><\/p>\n                        <div>\n                            By moving forward with a balance transfer credit card and transferring the maximum\n                            amount, you could be saving <strong class=\"js-savingsVal\">$1,000<\/strong> on fees and\n                            interest\n                            charges.\n                        <\/div>\n                    <\/div>\n                    <div class=\"savings-infinite\">\n                        You will save an infinite amount of money as you will not pay off your debt on\n                        your current cards at that rate.\n                    <\/div>\n\n                    <div class=\"savings-no-savings\">\n                        In this case, a balance transfer card is not the best option.\n                        You might want to consider a personal loan to help consolidate your debt.\n                        You can <a href=\"https:\/\/www.finder.com\/personal-loans\">find out more here<\/a>.\n                    <\/div>\n\n                <\/div>\n                <div class=\"col-xs-12 col-sm-6\">\n                    <div id=\"chart_div\"><\/div>\n                <\/div>\n            <\/div>\n            <div class=\"row center-xs\">\n                <div class=\"col-xs-12 col-sm-6\">\n                    <a href=\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards#compare\"\n                       class=\"btn btn-masthead bt-calc-button green \">Help me find a card<\/a>\n                <\/div>\n            <\/div>\n\n        <\/section>\n        <section class=\"disclaimer\">\n            <div class=\"row\">\n                <div class=\"col-xs-12\">\n                    <small>Disclaimer: While every effort has been made to ensure the accuracy of this calculator,\n                        the results should be used as indication only. Certain assumptions have been made around\n                        the repayments made. This calculator is neither a quote nor a prequalification for a credit\n                        card.\n                    <\/small>\n                <\/div>\n            <\/div>\n        <\/section>\n    <\/form>\n<\/div>\n<\/div><h3>How to calculate your balance transfer repayment<\/h3><p>Here&#8217;s what the calculator is doing behind the scenes:<\/p><ul class=\"list-9\"><li>First, it adds all your existing card balances.<\/li><li>Then, it adds the fee you&#8217;ll pay for a balance transfer to the new card, as well as the new card&#8217;s annual fee.<\/li><li>Finally, it takes that total and divides it by the length of your new card&#8217;s intro APR.<\/li><\/ul><p>If you were to do the math by hand, you&#8217;d use this formula:<\/p><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><strong>(Total of existing card balances + Balance transfer fee of new card + Annual fee of new card) \/ Length of intro APR<\/strong><\/div><\/article><h4 class=\"luna-card__title\">How much should I pay monthly toward my debt?<\/h4><p>Above the slider bar, you&#8217;ll see a dollar amount under <strong>Your monthly repayment.<\/strong> This is the amount to pay monthly toward your new card&#8217;s balance if you want to pay off your balance before the intro APR expires.<\/p><p>You can adjust the slider to see how long it&#8217;ll pay off your debt with different monthly payments. If you want to pay the lowest fees and interest, we recommend keeping the slider in the green area.<\/p><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><h4>See more: Here&#8217;s an example<\/h4><p>You have 2 cards, each with a $1,000 balance. In total, you have $2,000 in credit card debt.<\/p><ul class=\"list-9\"><li>You want to move that debt to another card via balance transfer. This has a 3% fee, which comes out to <strong>$60.<\/strong> The card also has a <strong>$95 annual fee.<\/strong><\/li><li>So, the balance on your new card is $2,000 + $60 + $95 = <strong>$2,155.<\/strong><\/li><li>The card has a 0% intro APR for 15 months. Ideally, you&#8217;ll want to pay off your balance before that expires. To that end, the calculator will show a recommended monthly payment of <strong>$143.67.<\/strong><\/li><\/ul><\/div><\/article><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Related: <\/span><a href=\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\" style=\"text-decoration:underline; font-size:0.9em;\">Compare balance transfer credit cards<\/a>\n<\/div>\n<\/article><div><h3 id=\"howmuch\">How much money will I save by doing a balance transfer?<\/h3><p>The amount you&#8217;ll save depends on several factors, such as:<\/p><ul class=\"list-9\"><li>The size of your debt.<\/li><li>How much you want to pay on your credit card bill each month.<\/li><li>The introductory APR that comes with your balance transfer credit card.<\/li><\/ul><p>The longer you keep your debt, the more you might save by switching to a balance transfer card. That&#8217;s because the card may offer 0% intro APR for a significant period, giving you a long break from interest.<\/p><p>Basically, you save money by paying far less interest for a certain time. The savings are reduced by any balance transfer fees or annual fees, but they can add up.<\/p><h3 id=\"compare\">Compare a balance transfer to your other options<\/h3><p>If you have debt you need to pay, you have options. One of those options is to continue paying your debt at the same rate you are paying now. Let&#8217;s compare 2 options to a balance transfer credit card \u2014 continuing on the same path, or getting a personal loan.<h4 class=\"luna-sectionTitle\">Option #1: Get a balance transfer credit card<\/h4><p>The best balance transfer cards will give you an intro APR between 0.99% and 2.99% on transferred balances for a long period of time.<\/p><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><div class=\"gridExample\"><p>Let\u2019s say you\u2019re approved for the BMO CashBack Mastercard, which <a href=\"https:\/\/www.finder.com\/ca\/credit-cards\" target=\"_blank\" rel=\"noopener noreferrer\">offers a 0.99% introductory APR<\/a> on balance transfers for 9 months. After the intro period expires, you&#8217;ll pay a balance transfer APR of 23.99% (21.99% for Quebec residents).<\/p><ul class=\"list-1\"><li>You transfer your $5,000 balance to the BMO CashBack Mastercard. You pay a transfer fee of 2%. In this case, 2% of $5,000 would come out to a transfer fee of $50.<\/li><li>You get a 0.99% intro APR on your balance for 9 months.<\/li><li>Over the course of 9 months, you pay $41 in interest fees.<\/li><li>You pay $566 a month toward your balance.<\/li><\/ul><\/div><\/div><div class=\"u-grid__col u-1\/2@s\"><div class=\"gridExample\"><p>Here are the results:<\/p><ul class=\"list-7\"><li>You\u2019ll pay off your debt in 9 months.<\/li><li>You\u2019ll pay $5,091 total \u2014 $5,000 in debt, $50 for the balance transfer fee and $41 in interest fees.<\/li><li>Compared to paying off your credit card debt at the original rate, you save $313.<\/li><\/ul><\/div><\/div><\/div><h4 class=\"luna-sectionTitle\">Option #2: Pay off your debt at the same rate<\/h4><p>Among a sea of choices, making no change is certainly an option.<\/p><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><div class=\"gridExample\"><p>Let\u2019s say your situation is as follows:<\/p><ul class=\"list-1\"><li>You have a $5,000 balance on your credit card.<\/li><li>The balance comes with an APR of 18%.<\/li><li>You\u2019re paying $566 a month toward your balance.<\/li><\/ul><\/div><\/div><div class=\"u-grid__col u-1\/2@s\"><div class=\"gridExample\"><p>Here are the results of that strategy:<\/p><ul class=\"list-7\"><li>You\u2019ll pay off your debt in 10 months.<\/li><li>You\u2019ll pay $5,404 total \u2014 $5,000 in debt, $404 in interest.<\/li><\/ul><\/div><\/div><\/div><p>There may be a better option that could save you from paying quite so much in interest.<\/p><h4 class=\"luna-sectionTitle\">Option #3: Get a personal loan<\/h4><p>Instead of paying off your credit card debt the old-fashioned way, you could take out a personal loan. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\" target=\"_blank\" rel=\"noopener noreferrer\">A personal loan gives you a set amount of cash up front<\/a> that you can use to pay off your credit card, then you would pay off the loan over time.<\/p><p>If you get an interest rate on the loan that\u2019s lower than the rate you\u2019re paying on your credit card, you can <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/debt-consolidation-loans\" target=\"_blank\" rel=\"noopener noreferrer\">consolidate and pay off your debt<\/a> slightly faster and more cheaply.<\/p><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><div class=\"gridExample\"><p>Here\u2019s an example:<ul class=\"list-1\"><li>You take out a $5,000 loan, then pay off your credit card with that loan.<\/li><li>Your loan comes with a 14% APR.<\/li><li>You continue to pay $566 a month toward your debt.<\/li><\/ul><\/div><\/div><div class=\"u-grid__col u-1\/2@s\"><div class=\"gridExample\"><p>Here are the results:<\/p><ul class=\"list-7\"><li>You\u2019ll pay off your debt in 9 months.<\/li><li>You\u2019ll pay $5,296 total \u2014 $5,000 in debt, $296 in interest.<\/li><li>Compared to paying off your credit card debt at the original rate, you save $108.<\/li><\/ul><\/div><\/div><\/div><h3 id=\"bottom\">Bottom line<\/h3><p>If you need a break from high interest rates, a balance transfer credit card might help. By taking advantage of low introductory APRs, you can pay off your debt and slow the pace of interest accumulation.<\/p><p>Try to apply for a balance transfer card with good credit, as your chances of approval will increase.<\/p><p>As with any debt repayment plan, it&#8217;s best to <a href=\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\" target=\"_blank\" rel=\"noopener noreferrer\">compare all of your options<\/a> before making a decision that works best for you.<\/p><h3 id=\"faq\">Frequently asked questions<\/h3><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">How do I apply for a balance transfer card?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Apply for a balance transfer card just like you would any other card. However, you have the option to transfer debt by filling in your creditors&#8217; information and your account details when you apply. If the provider approves your application, it&#8217;ll automatically transfer your debt.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">Do I still need to make payments on a balance transfer card with 0% APR?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000001\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Yes. You must make at least the minimum payment on your balance each month, or you may lose your introductory APR.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000002\" data-toggle=\"collapse\" data-target=\"#accordion0000000002\">\n        <span class=\"luna-accordion__title\">How long will it take for my balance transfer to complete?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000002\" data-accordion=\"details\">\n    <div class=\"accordionContent\">It usually takes between seven and 14 days for a balance transfer to go through after you receive your card. However, sometimes it&#8217;ll complete in fewer days.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000003\" data-toggle=\"collapse\" data-target=\"#accordion0000000003\">\n        <span class=\"luna-accordion__title\">What happens if I don't pay off my balance before the introductory APR expires?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000003\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Any remaining balance will start accruing interest at a higher interest rate \u2014 also called the ongoing APR. That&#8217;s why it&#8217;s usually a good idea to pay off your balance before your introductory period expires.<\/p><p><a href=\"https:\/\/www.finder.com\/ca\/credit-cards\" target=\"_blank\" rel=\"noopener noreferrer\">Learn more about sign-up bonus credit cards<\/a> with our handy guide.<\/div>\n  <\/div>\n<\/li><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>Calculate your interest savings with our free balance transfer credit card calculator. <\/p>\n","protected":false},"author":381,"featured_media":812915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[99979],"tags":[5932,5460,1893,5848],"asset_tag":[],"class_list":["post-812751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-balance-transfer-credit-cards","tag-balance-transfer","tag-calculator","tag-credit-cards-2","tag-money-post"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Balance Transfer Calculator: See Your Savings | Finder Canada<\/title>\n<meta name=\"description\" content=\"Want to pay off your credit card faster? Use our free calculator to find out if a low-interest balance transfer credit card is right for you.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Balance transfer credit card calculator: How much can you save?\" \/>\n<meta property=\"og:description\" content=\"Want to pay off your credit card faster? Use our free calculator to find out if a low-interest balance transfer credit card is right for you.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator\" \/>\n<meta property=\"og:site_name\" content=\"Finder Canada\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-30T00:46:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/10\/Calculating-credit-card-payments-and-interest-fees_Getty-Images_250x250.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"250\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kevin Joey Chen\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kevin Joey Chen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator\"},\"author\":[{\"name\":\"Kevin Joey Chen\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/cdc39b7f57f1e0e11470d23f76956d19\"},{\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/784654a651a2874261e8007614422c55\"}],\"headline\":\"Balance transfer credit card calculator: How much can you save?\",\"datePublished\":\"2019-10-30T00:46:03+00:00\",\"dateModified\":\"2021-01-10T21:11:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator\"},\"wordCount\":1649,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2019\/10\/Calculating-credit-card-payments-and-interest-fees_Getty-Images_250x250.jpg\",\"articleSection\":[\"Balance Transfer Credit Cards\"],\"inLanguage\":{\"@type\":\"Language\",\"name\":\"English\",\"alternateName\":\"en\"},\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator\",\"url\":\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator\",\"name\":\"Balance Transfer Calculator: See Your Savings | Finder Canada\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2019\/10\/Calculating-credit-card-payments-and-interest-fees_Getty-Images_250x250.jpg\",\"datePublished\":\"2019-10-30T00:46:03+00:00\",\"dateModified\":\"2021-01-10T21:11:16+00:00\",\"description\":\"Want to pay off your credit card faster? Use our free calculator to find out if a low-interest balance transfer credit card is right for you.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#primaryimage\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2019\/10\/Calculating-credit-card-payments-and-interest-fees_Getty-Images_250x250.jpg\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2019\/10\/Calculating-credit-card-payments-and-interest-fees_Getty-Images_250x250.jpg\",\"width\":250,\"height\":250},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"CA\",\"item\":\"https:\/\/www.finder.com\/ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Credit Cards\",\"item\":\"https:\/\/www.finder.com\/ca\/credit-cards\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Balance Transfer Credit Cards\",\"item\":\"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Balance transfer credit card calculator: How much can you save?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.finder.com\/ca\/#website\",\"url\":\"https:\/\/www.finder.com\/ca\/\",\"name\":\"Finder Canada\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.finder.com\/ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\",\"name\":\"Finder\",\"url\":\"https:\/\/www.finder.com\/ca\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png\",\"contentUrl\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png\",\"width\":1392,\"height\":1392,\"caption\":\"Finder\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/en.wikipedia.org\/wiki\/Finder_(website)\"],\"description\":\"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.\",\"email\":\"heythere@finder.com\",\"legalName\":\"Finder\",\"foundingDate\":\"2006-01-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/cdc39b7f57f1e0e11470d23f76956d19\",\"name\":\"Kevin Joey Chen\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2025\/03\/kevinjoeychen_supplied_400x400.jpg\",\"contentUrl\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2025\/03\/kevinjoeychen_supplied_400x400.jpg\",\"caption\":\"Kevin Joey Chen\"},\"description\":\"Kevin Chen is a personal finance expert and a former writer at Finder. His expertise has been featured in CNN, U.S. News and World Report, Lifehacker and CreditCards.com, among other top media.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/kevinjoeychen\/\"],\"url\":\"https:\/\/www.finder.com\/ca\/author\/kevinchen\",\"jobTitle\":\"Writer\",\"worksFor\":{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\",\"name\":\"Finder\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/784654a651a2874261e8007614422c55\",\"name\":\"Stacie Hurst\",\"description\":\"Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family.\",\"jobTitle\":\"Associate editor\",\"url\":\"https:\/\/www.finder.com\/ca\/author\/staciehurst\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/stacie-hurst\"],\"knowsAbout\":[{\"@type\":\"Thing\",\"name\":\"Banking\"},{\"@type\":\"Thing\",\"name\":\"Stock Trading\"},{\"@type\":\"Thing\",\"name\":\"Cryptocurrency\"},{\"@type\":\"Thing\",\"name\":\"Personal Loans\"},{\"@type\":\"Thing\",\"name\":\"Car Loans\"},{\"@type\":\"Thing\",\"name\":\"Credit Cards\"}],\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/\/784654a651a2874261e8007614422c55\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/StacieHurstF1_Finder_600x600.png\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/StacieHurstF1_Finder_600x600.png\",\"caption\":\"Stacie Hurst\"},\"worksFor\":{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\",\"name\":\"Finder\"}}]}<\/script>\n<meta property=\"article:modified_time\" content=\"2021-01-10T21:11:16+00:00\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Balance Transfer Calculator: See Your Savings | Finder Canada","description":"Want to pay off your credit card faster? Use our free calculator to find out if a low-interest balance transfer credit card is right for you.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator","og_locale":"en_US","og_type":"article","og_title":"Balance transfer credit card calculator: How much can you save?","og_description":"Want to pay off your credit card faster? Use our free calculator to find out if a low-interest balance transfer credit card is right for you.","og_url":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator","og_site_name":"Finder Canada","article_published_time":"2019-10-30T00:46:03+00:00","og_image":[{"width":250,"height":250,"url":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/10\/Calculating-credit-card-payments-and-interest-fees_Getty-Images_250x250.jpg","type":"image\/jpeg"}],"author":"Kevin Joey Chen","twitter_misc":{"Written by":"Kevin Joey Chen","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#article","isPartOf":{"@id":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator"},"author":[{"name":"Kevin Joey Chen","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/cdc39b7f57f1e0e11470d23f76956d19"},{"@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/784654a651a2874261e8007614422c55"}],"headline":"Balance transfer credit card calculator: How much can you save?","datePublished":"2019-10-30T00:46:03+00:00","dateModified":"2021-01-10T21:11:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator"},"wordCount":1649,"commentCount":0,"publisher":{"@id":"https:\/\/www.finder.com\/ca\/#organization"},"image":{"@id":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#primaryimage"},"thumbnailUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2019\/10\/Calculating-credit-card-payments-and-interest-fees_Getty-Images_250x250.jpg","articleSection":["Balance Transfer Credit Cards"],"inLanguage":{"@type":"Language","name":"English","alternateName":"en"},"potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator","url":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator","name":"Balance Transfer Calculator: See Your Savings | Finder Canada","isPartOf":{"@id":"https:\/\/www.finder.com\/ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#primaryimage"},"image":{"@id":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#primaryimage"},"thumbnailUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2019\/10\/Calculating-credit-card-payments-and-interest-fees_Getty-Images_250x250.jpg","datePublished":"2019-10-30T00:46:03+00:00","dateModified":"2021-01-10T21:11:16+00:00","description":"Want to pay off your credit card faster? Use our free calculator to find out if a low-interest balance transfer credit card is right for you.","breadcrumb":{"@id":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#primaryimage","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2019\/10\/Calculating-credit-card-payments-and-interest-fees_Getty-Images_250x250.jpg","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2019\/10\/Calculating-credit-card-payments-and-interest-fees_Getty-Images_250x250.jpg","width":250,"height":250},{"@type":"BreadcrumbList","@id":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards\/credit-card-balance-transfer-calculator#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"CA","item":"https:\/\/www.finder.com\/ca\/"},{"@type":"ListItem","position":2,"name":"Credit Cards","item":"https:\/\/www.finder.com\/ca\/credit-cards"},{"@type":"ListItem","position":3,"name":"Balance Transfer Credit Cards","item":"https:\/\/www.finder.com\/ca\/credit-cards\/balance-transfer-credit-cards"},{"@type":"ListItem","position":4,"name":"Balance transfer credit card calculator: How much can you save?"}]},{"@type":"WebSite","@id":"https:\/\/www.finder.com\/ca\/#website","url":"https:\/\/www.finder.com\/ca\/","name":"Finder Canada","description":"","publisher":{"@id":"https:\/\/www.finder.com\/ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.finder.com\/ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.finder.com\/ca\/#organization","name":"Finder","url":"https:\/\/www.finder.com\/ca\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png","contentUrl":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png","width":1392,"height":1392,"caption":"Finder"},"image":{"@id":"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/en.wikipedia.org\/wiki\/Finder_(website)"],"description":"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.","email":"heythere@finder.com","legalName":"Finder","foundingDate":"2006-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"}},{"@type":"Person","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/cdc39b7f57f1e0e11470d23f76956d19","name":"Kevin Joey Chen","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/","url":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2025\/03\/kevinjoeychen_supplied_400x400.jpg","contentUrl":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2025\/03\/kevinjoeychen_supplied_400x400.jpg","caption":"Kevin Joey Chen"},"description":"Kevin Chen is a personal finance expert and a former writer at Finder. His expertise has been featured in CNN, U.S. News and World Report, Lifehacker and CreditCards.com, among other top media.","sameAs":["https:\/\/www.linkedin.com\/in\/kevinjoeychen\/"],"url":"https:\/\/www.finder.com\/ca\/author\/kevinchen","jobTitle":"Writer","worksFor":{"@type":"Organization","@id":"https:\/\/www.finder.com\/ca\/#organization","name":"Finder"}},{"@type":"Person","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/784654a651a2874261e8007614422c55","name":"Stacie Hurst","description":"Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family.","jobTitle":"Associate editor","url":"https:\/\/www.finder.com\/ca\/author\/staciehurst","sameAs":["https:\/\/www.linkedin.com\/in\/stacie-hurst"],"knowsAbout":[{"@type":"Thing","name":"Banking"},{"@type":"Thing","name":"Stock Trading"},{"@type":"Thing","name":"Cryptocurrency"},{"@type":"Thing","name":"Personal Loans"},{"@type":"Thing","name":"Car Loans"},{"@type":"Thing","name":"Credit Cards"}],"image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/\/784654a651a2874261e8007614422c55","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/StacieHurstF1_Finder_600x600.png","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/StacieHurstF1_Finder_600x600.png","caption":"Stacie Hurst"},"worksFor":{"@type":"Organization","@id":"https:\/\/www.finder.com\/ca\/#organization","name":"Finder"}}]},"article_modified_time":"2021-01-10T21:11:16+00:00"},"custom_fields":{"_wp_page_template":["default"],"show_author_box":["1"],"_content_type":["niche-content\/information\/how-to"],"_masthead_subheading":["{\"text\":\"You may have heard that balance transfer credit cards are a great way to pay less on your debt. But exactly how much will it help?\"}"],"_masthead_variant":["{\"id\":\"standard-blue\",\"showFeaturedImage\":false,\"presetId\":\"\",\"shouldUsePrimaryCTAFieldName\":false,\"shouldUseSecondaryCTAFieldName\":false,\"primaryCTA\":null,\"secondaryCTA\":null,\"widgetShortcode\":\"\",\"widgetHeading\":\"\",\"widgetStats\":\"\",\"hasPrioritizedWidget\":false,\"hasMaximizedWidget\":false,\"shouldUseOverrideCTALabel\":false,\"overrideCTA\":null,\"cleanTopPicks\":\"\",\"tilesMenuId\":\"\"}"],"custom_post_template":["single-masthead-two-column.php"]},"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/812751"}],"collection":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/users\/381"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/comments?post=812751"}],"version-history":[{"count":7,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/812751\/revisions"}],"predecessor-version":[{"id":1057152,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/812751\/revisions\/1057152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media\/812915"}],"wp:attachment":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media?parent=812751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/categories?post=812751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/tags?post=812751"},{"taxonomy":"asset_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/asset_tag?post=812751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}