Credit Card Payoff Calculator
Enter your cards below, set a monthly budget, and see exactly when you'll be debt-free — and how much interest you'll save.
How This Calculator Works
Each month, interest is added to each card's balance using the formula:
Your monthly budget is first used to cover all minimum payments. Any remaining money is directed to the priority card — determined by your chosen strategy.
Avalanche: Extra payments attack the card with the highest APR first. Mathematically optimal — saves the most money.
Snowball: Extra payments attack the card with the lowest balance first. Psychologically powerful — early wins keep you motivated.
Interest saved is calculated by comparing your plan against a minimum-payments-only scenario. Data sourced from Consumer Financial Protection Bureau (CFPB). Last verified: April 2025.
Frequently Asked Questions
For informational purposes only — not financial advice. Results are estimates and may vary based on your card's actual terms.
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