How does the Balance Transfer Calculator work?
A. The Balance Transfer Calculator calculates the difference in interest charges between your non-ANZ card and the ANZ credit card you wish to transfer your balance to. Interest is calculated on the balance amount you input assuming a fixed interest rate for six months. The calculator works on the assumption that no transactions will be made during the six month balance transfer period other than monthly repayments of 2% of the outstanding balance made at the end of each month.
