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KH Network Credit Union Credit Card Optimizer

The Credit Card Optimizer helps you determine the best distribution of your credit card debt. By entering your credit card balances, rates and credit limits this calculator determines which balance transfers will produce the greatest savings.

KH Network Credit Union Credit Card Optimizer Definitions

Balance
Your current balance on your credit card.
Interest rate
The annual percentage rate you pay on this credit card. The rate you enter is used to calculate the interest on all future payments for the credit card. The length of time to pay off this credit card may be much greater than calculated if you enter a low promotional interest rate that is only fixed for short period of time.
Payment
This is your initial minimum monthly payment. We calculate your minimum monthly as 2% of your current outstanding balance or $25 whichever is more. While your actual minimum monthly payment may be slightly different, this is one of the most common methods used by credit card companies to calculate minimum payments.
New credit card rate
The annual percentage rate you will pay on the KH Network Credit Union VISA Platinum.