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Credit Card Payoff Calculator

Calculate time and interest to pay off credit card debt.

Credit Card Payoff Calculator

Credit Card Details

Payment Strategy

Budget must be at least (total minimum payments)

Debt Avalanche Method

Pay minimums on all cards, extra goes to highest APR

Total Interest

Payoff Time

Total Debt:
Total Paid:
Interest Saved vs Minimums:

Payoff Order:

Debt Snowball Method

Pay minimums on all cards, extra goes to smallest balance

Total Interest

Payoff Time

Total Debt:
Total Paid:
Interest Saved vs Minimums:

Payoff Order:

Method Comparison

Minimum Payments Only

Total Interest

Debt Avalanche BEST

Total Interest

Debt Snowball BEST

Total Interest

💡 Strategy Recommendations

✅ Debt Avalanche is mathematically optimal

You'll save in interest by focusing on highest APR cards first.

✅ Debt Snowball provides psychological wins

While it costs more, you'll see progress faster with smaller balances paid off first.

⚖️ Both methods are very similar

The difference is minimal, so choose the method that motivates you most.

Debt Payoff Tips

Debt Avalanche Benefits:

  • • Mathematically optimal - saves the most money
  • • Reduces total interest paid
  • • Best for disciplined payers
  • • Focus on highest APR cards first

Debt Snowball Benefits:

  • • Provides quick psychological wins
  • • Builds momentum and motivation
  • • Simplifies your debt portfolio faster
  • • Focus on smallest balances first

General Tips:

  • • Stop using credit cards while paying off debt
  • • Consider balance transfers to lower APR cards
  • • Look for extra income sources to increase payments
  • • Automate payments to stay consistent
  • • Celebrate milestones to stay motivated
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Build v1.0.0.154154 • Aug 14, 2025, 02:49 AM EDT

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v1.0.0.154154