Debt Payoff Timeline
Estimate how long it will take to pay off a revolving balance at a fixed monthly payment, and how much interest accrues along the way.
This payment doesn't cover the monthly interest — the balance won't decrease. Increase the payment amount.
Time to Payoff
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Total Interest
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Total Repaid
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Balance Transfer Savings
Compare the interest you'd pay by staying put against a promotional-APR transfer, after accounting for the transfer fee.
Transfer comparison
Enter your current credit terms
Estimated Net Savings
$0
Transfer Fee
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Interest Avoided
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New Total Cost
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Enter your figures and run the comparison.
How it works
Is a balance transfer worth it?
Calculate your current interest
Your existing balance and APR determine how much interest you could pay if you keep the current account.
Account for the transfer fee
A balance transfer usually comes with a fee based on the amount transferred, so the fee is included in the comparison.
Compare the promotional period
A lower promotional APR can reduce interest during the offer period, especially when the balance is paid down consistently.
Keep the full cost in view
A lower APR does not automatically mean lower total cost. Consider the transfer fee and promotional period together.
Utilization Impact Calculator
See your current utilization ratio, available credit, and the balance needed to reach a target percentage.
Utilization analysis
Enter your current credit figures
Current utilization
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Available Credit
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Target Balance
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Enter your figures and run the calculation.
Credit utilization
Why this ratio matters
Lower utilization is generally better
Utilization compares your reported revolving balances with the credit limits available to you.
High balances can increase the ratio
Carrying a larger balance relative to your available limit can result in a higher utilization percentage.
Your target changes the payoff goal
Enter a target percentage to see the balance level required to reach that utilization.
Focus on the ratio, not just the dollar amount
The same balance can represent very different utilization levels depending on your total credit limit.