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Credit Card Balance Transfer Optimizer with Promotional Rate

Get a Credit Card Balance Transfer Optimizer with Promotional Rate branded for your website! Colorful, interactive, simply The Best Financial Calculators!

This Balance Transfer Optimizer includes the option to have a limited time promotional rate while optimizing of your credit card debt. By entering your credit card balances, rates and credit limits this calculator determines which balance transfers will produce the greatest savings.

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For more information about these financial calculators please visit: Dinkytown.net Financial Calculators from KJE Computer Solutions, Inc.

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.

Financial Calculators from
Dinkytown.net

*indicates required.

New low interest card:

Current balance:*This entry is required.Enter an amount between $0.00 and $1,000,000.00

Promotional rate:*This entry is required.Enter an amount between 0% and 36%

Promotional rate term:*This entry is required.Enter an amount between 1 and 48

Non-promotional rate:*This entry is required.Enter an amount between 0% and 36%

Credit limit:*This entry is required.Enter an amount between $0.00 and $1,000,000.00

Optimized monthly payment:

Optimized balance:

Existing credit card #1

Monthly Payment: $0.00

Existing credit card #2

Monthly Payment: $0.00

Existing credit card #3

Monthly Payment: $0.00

Existing credit card #4

Monthly Payment: $0.00

Existing credit card #5

Monthly Payment: $0.00

**FIG_GRAPHTITLE** Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Total interest savings KJE1

Credit Card Balance Transfer Optimizer with Promotional Rate Definitions

Balance

Your current balance on your credit card.

Interest rate

The annual percentage rate you pay on this credit card. The rate you enter is used to calculate the interest on all future payments for the credit card. The length of time to pay off this credit card may be much greater than calculated if you enter a low promotional interest rate that is only fixed for short period of time.

Payment

This is your initial minimum monthly payment. The tool calculates your minimum monthly payment as 3% of your current outstanding balance or $45 whichever is more. While your actual minimum monthly payment may be slightly different, this is one of the most common methods used by credit card companies to calculate minimum payments.

Credit limit

This is the total amount of credit you have on this credit card. The optimizer will not allow you to have credit card balances that are over your credit limit.

Credit limit

The total amount of credit you have for the new credit card.

Promotional rate

The Introductory promotional annual percentage rate you will pay on the new credit card. The rate you enter is used to calculate the interest on payments for the number of months entered in the term field.

Promotional rate term

The number of months you will receive the lower promotional rate for your balance transfer.

Non-promotional rate

The annual percentage rate for the new credit card after the promotional period has ended.