Credit Card Payoff Calculator
Create a smart debt repayment strategy. See how long it will take to pay off your credit card balance and how much interest you'll save by making extra payments or switching to a lower-rate card.
Payoff Summary
Monthly Payment (Standard)-
Total Interest (Standard)-
Time to Pay Off (Standard)-
Credit Card Debt Repayment Strategies
- Debt Avalanche Method: Pay minimums on all cards, put extra money toward the highest APR card first. Mathematically optimal — saves the most interest.
- Debt Snowball Method: Pay off the smallest balance first, regardless of interest rate. Provides psychological wins that help you stay motivated.
- Balance Transfer: Transfer high-interest debt to a 0% intro APR card. Watch for 3-5% transfer fees. Pay off before the promo period ends (typically 12-21 months).