How This Calculator Works
Add each credit card with its balance, interest rate (APR), and minimum payment.
Enter any extra monthly amount you can put toward debt payoff.
Compare two proven strategies: Avalanche (highest interest first) or Snowball (smallest balance first).
See your payoff timeline, total interest paid, and how much you save with each method.
Credit Card Payoff Calculator
Why Use This Calculator
See exactly when each card will be paid off
Compare snowball vs avalanche strategies side-by-side
Calculate total interest savings with extra payments
Create a concrete debt-free date to work toward
The avalanche method mathematically saves the most money by eliminating high-interest debt first. The snowball method provides quick psychological wins by paying off small balances first. Both methods have proven effective for different people.
Important Notice
These calculators are for educational and informational purposes only. Results are estimates based on the information you provide and should not be considered financial, tax, or investment advice. Your actual results may vary. For personalized guidance, please consult a qualified financial advisor, tax professional, or other appropriate expert.