Balance Transfer Calculator NZ
Calculate exactly how much you can save by transferring your credit card balance. Compare transfer fees, promotional rates, and find the best balance transfer deal for your situation.
Balance Transfer Calculator
Current Card Details
New Card Offer
Best Balance Transfer Offers in NZ 2025
| Bank | Card | Promo Rate | Promo Period | Transfer Fee | After Promo | Annual Fee |
|---|---|---|---|---|---|---|
| Advantage Visa Classic | 0% | 12 months | 1% | 13.90% | $0 first year | |
| Low Rate Visa | 0% | 6 months | 0% | 13.90% | $58 | |
| Low Rate Mastercard | 0% | 6 months | 2.99% | 13.45% | $59 | |
| Low Rate Mastercard | 0% | 6 months | 1.99% | 13.95% | $50 |
How Balance Transfers Work
Apply for New Card
Choose a card with 0% balance transfer offer
Request Transfer
Provide details of existing card debt
Pay 0% Interest
Enjoy promotional period with no interest
Pay Off Debt
Clear balance before promo ends
Real Savings Examples
Small Balance: $3,000
Medium Balance: $7,500
Large Balance: $15,000
Tips for Maximizing Balance Transfer Savings
✅ Do's
- Calculate total cost including transfer fees
- Set up automatic payments to clear debt
- Transfer highest rate balances first
- Mark promo end date in calendar
- Compare multiple offers before applying
❌ Don'ts
- Don't make new purchases on transfer card
- Don't miss payments (voids promo rate)
- Don't transfer between same bank cards
- Don't close old card immediately
- Don't forget about annual fees
Balance Transfer Calculator FAQ
Common questions about balance transfers and our calculator.
Frequently Asked Questions
Our calculator provides accurate estimates based on the information you provide. It accounts for transfer fees, promotional periods, and ongoing rates. However, actual savings may vary slightly based on payment timing and specific card terms.
The best card depends on your balance size and repayment timeline. BNZ Advantage offers 12 months at 0% with a 1% fee, while ANZ Low Rate offers 6 months at 0% with no transfer fee. Use our calculator to compare based on your specific situation.
Yes, you can transfer balances from multiple cards to a single new card, up to your approved credit limit. List all cards when applying and prioritize transferring the highest interest rate balances first.
Balance transfers typically take 5-10 business days to complete. Continue making minimum payments on your old cards until the transfer is confirmed to avoid late fees and penalty rates.
Initially, applying for a new card may cause a small temporary dip in your credit score. However, successfully paying down debt through a balance transfer typically improves your credit score over time.
No, you cannot transfer balances between cards from the same bank. For example, you can't transfer from one ANZ card to another ANZ card. You must choose a different bank.
After the promotional period, any remaining balance will accrue interest at the standard purchase rate (typically 13-23% p.a.). It's crucial to pay off the entire balance before the promotional period ends.
Generally, it's better to keep old cards open (with zero balance) as this maintains your credit history length and available credit ratio, both positive for your credit score. Only close cards with high annual fees.
Related Guides and Tools
0% Interest Credit Cards Guide
Complete guide to zero interest credit cards and balance transfer offers.
Balance Transfer Credit Cards
Compare all balance transfer credit cards available in New Zealand.
Credit Card Interest Calculator
Calculate how much interest you're paying on your current credit cards.
Debt Payoff Guide
Strategies and tips for paying off credit card debt faster.