See exactly how much interest you'll save — and when you'll be debt-free — by moving your balance to a 0% intro APR card.
| Month | Payment | Interest | Remaining Balance |
|---|
A balance transfer moves debt from a high-interest card to a new card with a 0% intro APR period — typically 12–21 months. You pay a one-time transfer fee (usually 3–5%) but pay zero interest during the promo period.
The math almost always works in your favor if you carry a balance above $1,000 and can pay it off within the promo window.
Pay off before the promo ends. After the intro period, remaining balances revert to the regular APR — often 20–29%.
Don't make new purchases. Many cards apply payments to the lowest-rate balance first, leaving new purchases accruing interest.
Compare fees. Some cards offer no balance transfer fee for a short window after account opening.