Credit cards payoff calculator.
Estimate payoff time, total interest, and repayment schedule for multiple credit cards using avalanche or snowball payoff methods.
Credit Cards Payoff Calculator inputs
Enter your monthly credit-card budget and each card balance, APR, and minimum payment.
Payoff budget
Set the monthly amount available for all credit cards. The model sends extra cash to the highest APR balance first.
Credit card balances
Enter up to four cards. Leave unused cards at zero.
Visual breakdown
Live labels, comparison cards, charts, and schedule outputs update as you change the inputs.
Schedule graph
Shows the value path over time.
Schedule
Detailed rows for the first periods and final result.
About the Credit Cards Payoff Calculator
This calculator estimates how long it may take to pay off multiple credit cards using a monthly payoff budget. It supports an avalanche strategy, which prioritizes the highest APR debt first, and a snowball strategy, which prioritizes the smallest balance first.
Multiple cards
Enter balances, minimum payments, and APRs for up to four cards. Unused cards can remain at zero.
Monthly budget
The monthly budget is the amount applied toward credit card repayment. If it is below total minimum payments, the payoff schedule can fail.
Interest assumptions
The model assumes APRs and minimum payments remain unchanged and no new charges are added unless entered.
How to use this calculator
Enter each card balance, APR, minimum payment, monthly repayment budget, and payoff strategy. Review payoff time, total interest, total paid, and the month-by-month payoff schedule.
⚠ Disclaimer: This is an educational payoff estimate. Credit card issuers may change APRs, minimum payment formulas, fees, and promotional terms. The fastest safe payoff plan depends on your budget and credit account terms.
Credit Cards Payoff Calculator FAQ
Common questions about inputs, assumptions, outputs, schedules, and limitations.
What does the Credit Cards Payoff Calculator do?
It estimates payoff time, total interest, total paid, and a monthly balance schedule for multiple credit cards.
What is the debt avalanche method?
The debt avalanche method sends extra payments to the highest-interest card first while maintaining required minimum payments on other cards.
What is the debt snowball method?
The debt snowball method sends extra payments to the smallest balance first, which can help motivation even when it may cost more interest.
What happens if my budget is below the total minimum payments?
The schedule may not pay off the cards because the available budget is not enough to cover minimum payments and accruing interest.
Does this include new card purchases?
Only if you enter a new monthly charges amount. Otherwise it assumes no new charges are added.