Balance transfer calculator

If you have a balance to transfer from your existing credit card, use our calculator to see which Lloyds Bank credit card is best for you. Our balance transfer calculator will display which card could save you the most money in comparison with your existing credit card.

Compare our credit cards

All calculations are estimates that are provided only for illustrative purposes. The accuracy of this calculator, and its applicability to your personal financial circumstances, is not guaranteed.

How to use the calculator

Enter the information about your existing credit card and press Calculate. In the results section, you will then see how much money you can save with a Lloyds Bank credit card over the time it takes to repay the balance. You will also see how much you would pay in total and the time taken to pay off the balance on that card.

The following information should be entered:

  • Interest rate: Please enter the Annual Percentage Rate (APR) that your outstanding balance is being repaid at on your current card. When entering your APR, please ensure that if there is a fee on your current product that it is included in the rate. Potentially, if an incorrect rate is used, it could lead to the calculator giving an under valued savings result. If you are unsure, use the Purchase Rate from your credit card statement and remember that any fees that you would pay over the period shown would also be a saving.
  • Monthly repayment: Please enter the amount you're proposing to pay off (or already are paying off) your card balance every month. Please enter at least 2.5% into this calculator to ensure that your balance would be reduced every month and we can calculate your savings.
  • Outstanding balance: Please enter the total amount outstanding (or owed) on your existing card, which you wish to transfer.

Credit available subject to status, to UK residents aged 18 or over. You can transfer balances to us (£100 minimum) from most credit cards and some store cards, excluding other Lloyds Bank products. All promotional rates apply from the date we open your account. You must pay at least the minimum payment by the due date each month and stay within your credit limit to keep promotional rates.

1.Your details

  • £
  • % APRWhen entering your APR, please note that if you are paying monthly or annual fees on your credit card, your APR might be inflated, which may lead this calculator to give a potentially inflated savings result. In such cases, we recommend using your purchase rate if you have this information available. Your credit card statement should show this rate.
  • £

2.Selected cards

    3.Select a card

      JavaScript must be enabled to use this tool. To enable JavaScript, access your browser settings, turn JavaScript on and then refresh the page.


      • This balance transfer calculator is intended only for general information and educational purposes. It does not take into account other factors that may be relevant to your decision making, such as personal economic and other factors.
      • Never borrow more than you can afford to repay. Balance transfer offers apply for a fixed period of time. After this, you will pay a higher rate of interest, which compounds annually.

      How we calculate your saving

      • The figures show the interest saving made over the life of the balance until it clears covering both the stated promotional rate introductory period and the standard interest rate that applies after the promotional rate period, compared to your current APR, provided constant repayments are made.
      • The calculator assumes that there are no further transactions made, a constant monthly repayment is made, and that there is a constant interest rate charged on your existing card from the account opening.
      • Where applicable, the cost of the specified balance transfer fee is included in the calculation of the saving
      • After the promotional period ends, you will be charged the standard rate of interest in accordance with the card you select.
      • You can transfer a balance of up to 95% of the available Lloyds Bank credit card limit. By doing so within the first 90 days of the account opening, you will benefit from the balance transfer offer rates.
      • The minimum value that can be balance transferred is £100.