Calculate how much you could save with your credit card transfer and compare balance transfer offers
Calculate how much you could save by transferring your balance to a 0% card balance deal
Credit card holders who transfer their balance to a new card could save an average of $1262 in interest and fees and pay their debt off 6 months earlier. Calculate your savings and compare balance transfer deals today*
We compared how much a card holder with the average debt, on an average card (as at October 2016) could save by taking one of the best balance transfer deals and paying off $200 each month. Calculations were done on 23 December 2016, based on cards available on that day. Calculator is based on current deals in market which will change over time.
The average debt figure of $4225 is based on the total outstanding balance accruing interest (source: RBA Credit and Charge Card Statistics for October 2016), divided by the number of card holders (Source: Roy Morgan Research, 12 month average June 2016).
We have made the following assumptions: the $200 is repaid on time, every month, no new purchases are made, interest rates don't change on your existing card, and the cardholder meets the lending criteria and is approved for the deal.
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