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Credit Card Payoff Calculator

See your real debt-free date — and the interest you'll save.

Drop in your cards. Compare snowball, avalanche, and minimum-only plans. Find out exactly how much faster you'd be done with another $25/mo.

2y 10m

debt-free at this pace

Your cards

3 cards · $6,770 total

Strategy & extra payment

Your plan

2y 10m

to debt-free

Total interest

$2,432

Total paid

$9,202

Weighted APR

25.0%

Starting balance

$6,770

Debt-free in 2y 10m

You'll pay $2,432 in interest at this pace. Every extra dollar above the minimum is the highest-return investment you can make.

  • Saving $5,637 vs. minimums

    Your plan finishes 5.4 years sooner than paying minimums only.

  • Add $25/mo → save $258

    An extra $25 a month finishes the plan 3 months sooner.

  • Call your issuer for a rate reduction

    Your weighted APR is 25.0%. A 5-minute call asking for a hardship or retention rate often drops it 3–6 points.

Card-by-card

  • Visapaid off in month 34 · $1,958 interest
  • Mastercardpaid off in month 15 · $424 interest
  • Store cardpaid off in month 5 · $50 interest

Premium

Save plans. Compare strategies side-by-side.

Save unlimited payoff scenarios, compare avalanche vs. snowball with your real numbers, and track your debt-free date.

Unlock Premium

Frequently asked questions

Avalanche or snowball — which is better?

Avalanche (highest APR first) saves the most money mathematically. Snowball (smallest balance first) gives faster wins and keeps motivation up. If you've quit debt plans before, snowball wins. If you can stick with a plan no matter how slow, avalanche wins.

What APR should I use?

Use the purchase APR shown on your statement, not the promotional rate. If you're carrying a 0% balance transfer, use 0% until the promo ends, then bump it to the post-promo rate.

Should I keep a small balance to 'build credit'?

No. Carrying a balance does not help your credit score — it just costs you interest. Using your card and paying it in full each month builds credit just as well.

What if my minimums barely cover interest?

You're at risk of negative amortization — the balance grows instead of shrinks. Call your issuer for a hardship rate, transfer to a 0% card if you qualify, or talk to a non-profit credit counselor (NFCC.org).

Can I save my payoff plan?

Yes — create a free account and upgrade to Freedom Fighter ($12/mo) to save unlimited payoff scenarios, compare strategies side by side, and track your debt-free date.

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