Credit Cards Payoff Calculator

Modify the values and click the Calculate button to use

Debt-free in 3 years 2 months

Total Payments

$18,971.20

Total Interest

$4,471.20

Debts

Monthly Budget

$500.00

Card 2

Payoff Mar 2028

Balance: $3,900.00
APR: 19.99%
Payment: $90.00
Interest: $574.33

Card 1

Payoff Mar 2029

Balance: $4,600.00
APR: 18.99%
Payment: $100.00
Interest: $1,541.21

Card 3

Payoff Jan 2030

Balance: $6,000.00
APR: 15.99%
Payment: $120.00
Interest: $2,355.66

Uses the debt avalanche method: extra money goes to the highest APR debt first. When a debt is paid off, its payment rolls to the next highest APR debt. Snowball, one-time, and yearly extra payments are not included.

What this credit cards payoff calculator does

This calculator builds a payoff plan for multiple credit cards. Enter the total amount you can put toward your cards each month, then enter each card's balance, minimum payment, and APR.

The calculator uses the debt avalanche method: it pays every card's minimum, then sends the remaining budget to the highest-APR card. When a card is paid off, its minimum payment rolls to the next highest-APR card.

How to use this calculator

Enter your monthly budget for credit cards.
Enter each card's balance, minimum payment, and APR.
Add more cards if needed.
Click Calculate to see the payoff time and per-card results.

Your total minimum payments must fit within the monthly budget.

How the payoff plan works

available extra = monthly budget - sum of minimum payments

Each month, the calculator pays the minimum on every active card, then applies the available extra to the highest-APR card. Once a card is paid off, its minimum payment becomes part of the extra for the remaining cards.

This version does not include snowball ordering, one-time or yearly extra payments, balance transfer fees, annual fees, or late fees.

What the results include

Debt-free in: the total time until every card is paid off.
Total payments: the sum of all payments.
Total interest: the sum of all interest paid.
Monthly budget: the amount you entered.
Per-card results: balance, APR, minimum payment, payoff date, and total interest.

Frequently asked questions

What if my budget is lower than my minimum payments?

The calculator will ask for a higher budget. Paying less than the minimums can trigger late fees and credit damage.

Does this calculator use the snowball method?

No. It uses the avalanche method, which targets the highest APR first and usually minimizes total interest.

Does it include balance transfer or annual fees?

No. Only the balances, minimum payments, and APRs you enter are modeled.

Can I add more than three cards?

Yes. Use the Add debt button to add more cards.

Source

Reference: Consumer Financial Protection Bureau — Credit Cards.

Disclaimer

This calculator is for informational and planning purposes only. It is not financial advice or a guarantee of payoff terms. Contact your card issuers or a qualified financial professional before changing your repayment plan.

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