Balance Transfer
A balance transfer moves debt from a high-interest credit card to a new card offering a low or 0% promotional rate, usually for 12–21 months. Done right, every dollar you pay during the promo goes to principal instead of interest — a powerful way to escape a debt spiral.
Watch the transfer fee (typically 3–5%) and, crucially, the rate after the promo ends. A balance transfer only works if you have a real plan to clear the balance before the low rate expires — otherwise you're back where you started, plus the fee.
Put it to work
Credit Card Payoff Calculator
How long to pay off your credit card at your current payment — and the exact monthly amount to be debt-free in 12, 24, or 36 months.
Debt Payoff Calculator — Snowball vs Avalanche
Enter up to three debts and compare the snowball and avalanche strategies head-to-head: payoff dates, total interest, and what the difference costs.