CREDIT CARD DEBT
Balance transfer savings calculator
Compare a transfer fee with interest avoided during a promotional period.
Estimated result
£1,718
- Transfer fee
- £150
- Simple interest avoided
- £1,868
- Monthly payoff target
- £286
Illustration assumes a constant balance on the old card and full repayment before the promotional rate ends.
SOURCES & REVIEW
Checked against official guidance
Last checked 14 July 2026 · Rule version GB-2026.27.1
MoneyHelper: Balance transfers ↗COMMON QUESTIONS
Frequently asked questions
Is this an exact quote or tax return?
No. It is an estimate based on the inputs and assumptions shown.
When was this checked?
The method and linked official guidance were reviewed for the current UK release.