You are here / Products and services / Credit cards / Balance transfer calculator

Balance transfer calculator

See how much you could save by transferring your existing card balance

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.

      Disclaimer

      • 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.

      Important legal information

      Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Authorisation can be checked on the Financial Services Register at www.fca.org.uk. Lloyds Bank plc is a member of the Financial Services Compensation Scheme and the Financial Ombudsman Service. We subscribe to the Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk.
       
      Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN.

      The issue of a credit card depends on our assessment of your circumstances. You must be 18 or over and a UK resident to apply.
       
      2 1. You will earn one Companion ticket if you spend a minimum of £12,000 on your Lloyds Bank Premier Avios Rewards Credit Card Account within a given year. The £12,000 spend threshold excludes cash withdrawals, interest, fees or charges, transactions at casinos, betting outlets or bookmakers, payments to offline or online, current, savings, sharetrading, spread betting, gambling or any other similar account, or fraudulent transactions. 2. For the purposes of the £12,000 yearly threshold that you must meet to earn a Companion ticket, the first year runs for 12 months from the date on which you opened your Credit Card Account. Each subsequent year runs to the next anniversary of that date. Once the Companion ticket has been issued, you will have to await the anniversary of the Credit Card Account before the amount you spend is used as qualifying spend towards your next voucher. Companion tickets are limited to one per year. 3. You will be notified if you have qualified for a Companion ticket via a voucher on your Avios online account approximately four weeks after reaching the spend threshold of £12,000.  4. The Companion ticket voucher can be used for flights or Eurostar bookings and will be valid for 12 months, after which time the voucher will expire. All bookings made using the Companion ticket voucher must be paid for in full Avios.  Avios and Money bookings and bookings paid for fully in cash are excluded. 5. Companion tickets for flights must be booked online by visiting www.avios.com/uk.  Call 0844 4933399 to book Eurostar or if you have any questions. Calls cost 5.2p per minute plus a 13.1p one off connection charge from BT unlimited weekend plan. Call costs are correct at September 2013 and subject to change by BT. Mobile and other providers may vary. 6. Companion tickets used for flights are available on selected routes with British Airways, Flybe, Aer Lingus, Monarch and Aurigny when used in conjunction with economy class bookings. Airline taxes, fees and charges or Reward Flight Saver (RFS) cost if applicable apply on all tickets booked including the Companion ticket. Routes and airlines are subject to change and availability. 7. RFS is available to Avios members who have earned 1 Avios in the preceding 12 months and who book a British Airways flight to a destination in Avios zones 1-3. To find out more about RFS, including the cost, please look at the information on Avios at www.avios.com.  8. Companion tickets used for Eurostar are available for routes from the UK to Paris, Brussels and Lille, onward travel is not included. Companion tickets may be used for BH standard class only, therefore standard class tickets may still be available direct with Eurostar but not as part of the offer. Once booked, tickets are strictly non-changeable and non-refundable. Avios and Eurostar terms and conditions apply. 9. The Cardholders’ use of a Companion ticket is limited to one ticket per booking.10. The ‘Companion’ must travel to the same destination and be accompanied by the cardholder.11. Companion tickets cannot be used in conjunction with any other offer and are non-transferable and non-refundable. 12. All bookings are strictly subject to availability which may be very limited or not available on some routes at certain times especially during peak periods. Avios terms and conditions and the carrier’s conditions of carriage apply.13. Neither Lloyds Bank nor Avios Group (AGL) Limited can guarantee you will be able to use a Companion ticket on a particular flight or Eurostar journey.14. Avios Group (AGL) Limited reserves the right to withdraw or amend this offer upon providing reasonable notice.15. Avios Group (AGL) Limited cannot accept responsibility for problems arising from computer malfunctions, viruses, bugs or other such causes which may prevent you from taking advantage of this offer.

      Avios Group (AGL) Ltd. Registered office: Astral Towers, Betts Way, London Road, Crawley, West Sussex RH10 9XY. Registered in England. Company No. 2260073

      American Express is a registered trademark of American Express company.  The Lloyds Bank Premier Duo Avios American Express Card is issued and administered by Lloyds Bank pursuant to a licence from American Express.

      MasterCard and the MasterCard Brand mark are registered trademarks of MasterCard International Incorporated.