Free Tools
Is a Balance Transfer Card Worth It? The Fee, the Intro Rate and the Payoff Test
A balance transfer is worth it only if the fee plus the interest after the intro period is less than the interest on your current card, and you can clear the balance before the intro rate ends. On a $6,000 balance at 24.99% paying $250 a month, transferring with a 3% fee and 12 months at 0% saves $1,670 in interest and clears the debt 7 months sooner.
Asad · Nov 5, 2026 Read article →