Credit Card Payoff Calculator

Compare debt elimination strategies: snowball vs avalanche methods to pay off multiple credit cards faster.

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Add all your credit card debts to compare payoff strategies

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Minimum required: $125

Payoff Strategy

Debt Summary

Total Debt:$5,000

Cards:1

Min Payments:$125

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Debt Avalanche Method

Pay minimums on all cards, then put extra money toward the highest APR card first.

Saves the most money in interest

Mathematically optimal approach

Requires discipline and patience

Debt Snowball Method

Pay minimums on all cards, then put extra money toward the smallest balance first.

Quick psychological wins

Builds momentum and motivation

May cost more in total interest