Credit Card Payoff Calculator

See How Quickly You Can Pay Off Debt Using Debt Snowball or Debt Avalanche

Use this calculator to help you decide on a debt payoff strategy when you have multiple loan balances.

The Debt Avalanche method prioritizes paying off the debt with the highest interest rate first, while making minimum payments on the other debts. The Debt Snowball method prioritizes paying off the smallest balance first, regardless of interest rate.

For more on each debt payoff strategy, check out my post: Is Debt Snowball or Debt Avalanche Better?

* Required fields: Monthly Funds and at least one card with balance, minimum payment, and interest rate.

Step 1: Available Funds

Monthly Funds Set Aside for Credit Card Payments *

Step 2: Credit Card Details

Credit Card	Balance ($)	Minimum Payment ($)	Interest Rate (%)

Strategy Comparison

Debt Avalanche

Money Saver

Debt Snowball

Quick Wins

Debt Avalanche Schedule (Highest Interest First)

Credit Card	Payoff Length	Total Interest	Total Payments	Payment Schedule

Debt Snowball Schedule (Smallest Balance First)

Credit Card	Payoff Length	Total Interest	Total Payments	Payment Schedule