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What this calculator does
Plan how long it may take to clear credit-card balances under a repayment budget.
How to use this calculator
- Enter each balance, APR, minimum payment, and monthly budget.
- Review the calculation assumptions before using the result.
- Compare payoff timing and interest across repayment strategies.
How to calculate
Enter the values requested by the credit card payoff calculator.
Worked example
With the example values shown above, the pay first is Card 2, and the payoff order is Card 2 → Card 1 → Card 3, and the paid off after is 4 years 5 months.
Understanding your result
Compare payoff timing and interest across repayment strategies.
- New purchases or rate changes will alter the plan.
- Double-check values and units before calculating.
This calculator is educational and is not financial or medical advice.
Frequently asked questions
What does this credit card payoff calculator do?
Plan how long it may take to clear credit-card balances under a repayment budget.
How do I use this credit card payoff calculator?
Enter each balance, APR, minimum payment, and monthly budget.
What does the result mean?
Compare payoff timing and interest across repayment strategies.
What should I check before relying on it?
New purchases or rate changes will alter the plan.
What's the difference between the avalanche and snowball strategies?
Avalanche puts extra money toward the highest-APR balance first, minimizing total interest paid. Snowball puts extra money toward the smallest balance first, clearing individual cards faster, even if it costs slightly more interest overall.
What happens if my monthly budget doesn't cover all the minimum payments?
The calculator requires your budget to be at least the sum of every card's minimum payment — otherwise there's no valid payoff plan, since the balances would grow rather than shrink.