Are Credit Card Balance Transfers Worth It?

Current Credit Card
Months to Pay Off
Total Interest
New Credit Card
Months to Pay Off
Total Interest
Interest and Transfer Fees Paid over Repayment Term
Current Credit Card New Credit Card
Total Interest
Transfer Fees
Total Interest and Transfer Fees
Credit Card Debt Worksheet
Card Balance
Interest Rate
Monthly Payment
Card 1
Card 2
Card 3
Card 4
Card 5
Card 6

One must consider the promotional interest rate, the length of the promotional period, what the standard interest rate is once the promotional period expires and what the fee is to transfer your balance from one card to another when exploring balance transfer options. Whether they are a good deal or not also depends on how long it takes you to pay off the card balance once you move it to a new card.