Credit Cards Payoff Calculator Tool
Credit Cards Payoff Calculator
Create cost-efficient payoff schedules using the Debt Avalanche method
Note: For a single credit card analysis, visit our Credit Card Calculator. This calculator assumes no additional charges on cards, static interest rates, and unchanged minimum payments.
Monthly Budget
Set aside a total monthly amount for all credit card payments
Your Credit Cards
Enter information for each credit card
Card #1
%
Card #2
%
Card #3
%
Debt-Free Summary
Time to Debt-Free
38 months
(3 years, 2 months)
Total Amount Paid
$18,975.83
Total Interest Paid
$4,475.83
Individual Card Payoff Details
| Card | Original Balance | Interest Rate | Total Paid | Interest Paid | Paid Off |
|---|---|---|---|---|---|
| Card 2 | $3,900.00 | 19.99% | $4,474.33 | $574.33 | Month 16 |
| Card 1 | $4,600.00 | 18.99% | $6,142.38 | $1,542.38 | Month 28 |
| Card 3 | $6,000.00 | 15.99% | $8,359.12 | $2,359.12 | Month 38 |
Debt Distribution by Card
Debt Payoff Timeline
Watch your debt disappear month by month
Debt Avalanche Strategy: Notice how the highest interest rate cards (shown in the payoff order) are paid off first, minimizing total interest paid.