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Balance Transfer Payoff Calculator Canada (2026): Test the Offer You Have
Compare a current credit-card balance with a user-entered promotional period, transfer fee, payment, and post-promotion rate.
Balance after promotion
Modeled interest cost difference
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This tool answers a narrow question: given the offer terms you enter, can your planned payment reduce the transferred balance before the promotional period ends? It compares the entered scenario with staying at the entered current rate.
FCAC explains that balance transfers usually involve a fee, that promotions apply for a specific period, and that the agreement controls the rate and conditions. Read FCAC’s balance-transfer guidance and how to choose a credit card.
Enter the actual offer
Use the promotional rate, end date or months, transfer fee, annual fee, post-promotion rate, minimum payment, and any conditions from the application or agreement. The calculator assumes payments are made monthly and does not reproduce every issuer’s billing-cycle or payment-allocation rule.
Do not apply for a new card solely because a scenario shows savings. Confirm the credit limit, transfer eligibility, fee, annual fee, expiry condition, payment rules, and what happens if you miss a payment. If you cannot realistically repay the principal, compare the result with the debt-payoff calculator and credit-counselling guide.
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Frequently Asked Questions
Disclaimer
This calculator provides estimates for educational purposes only. Actual results may vary based on your specific circumstances. For accurate assessments, consult with a Licensed Insolvency Trustee or qualified financial professional.
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Check Whether the Offer Clears the Balance
Enter the actual promotional window, transfer fee, payment, and post-promotion rate. The result is a simplified comparison, not a card recommendation or approval decision.