Credit Card Payoff Calculator

Credit card payoff calculator for snowball and avalanche plans

Use this calculator to compare how long it may take to pay off one or more credit cards. Enter each card balance, APR, minimum payment, and any extra monthly payment you can put toward debt. The calculator rolls freed-up minimum payments into the next card as balances are paid off.

Snowball vs. avalanche payoff methods

The debt snowball method focuses extra payments on the card with the smallest balance first. It can create quicker early wins and make the payoff plan easier to stick with. The debt avalanche method focuses extra payments on the highest APR first, which usually reduces total interest paid when all other assumptions are the same.

How to read the charts

The balance timeline shows how your total credit card debt and each individual card balance change month by month. The payment mix chart separates principal from interest so you can see how much of each monthly payment is actually reducing debt.

The estimate assumes the APRs and monthly payment stay the same, and it does not include new purchases, late fees, balance transfer fees, or promotional rate changes.