Credit Cards Payoff Calculator
Calculate the most efficient way to pay off your credit card debt using different strategies.
Credit Card Payoff Summary
Time to Pay Off
0 months
Estimated time to be debt-free
Total Interest
$0
Interest paid over repayment period
| Total Debt: | $0 |
|---|---|
| Monthly Payment: | $0 |
| Payment Strategy: | Avalanche Method |
| Total Amount Paid: | $0 |
Monthly Payoff Schedule
This shows how your debt decreases over time with your payments.
| Month | Payment | Principal | Interest | Remaining Balance |
|---|
Card-by-Card Breakdown
| Card | Initial Balance | Interest Rate | Payoff Month | Interest Paid |
|---|
Strategy Comparison
See how different payment strategies affect your debt:
| Strategy | Time to Pay Off | Total Interest | Total Amount Paid |
|---|
Debt Reduction Visualization
Important Notes
This calculator provides estimates based on simplified assumptions. Actual payoff times may vary.
The Avalanche Method (highest interest first) typically saves the most money in interest.
The Snowball Method (smallest balance first) may provide psychological benefits by eliminating debts faster.