Credit Card Payoff Calculator
Strategize your debt freedom with avalanche and snowball methods. Compare payoff strategies and find your optimal path to becoming debt-free.
💡 How it works: Add your credit cards, choose your payoff strategy, and see how quickly you can become debt-free. The avalanche method saves the most money, while the snowball method provides psychological wins.
💳 Add Credit Cards
🎯 Payoff Strategy
Debt Avalanche Method
Pay minimum payments on all cards except the one with the highest interest rate. Put all extra money toward the highest-rate card. This method saves you the most money on interest.
💡 Tips for Faster Debt Payoff
Increase Your Income
Consider side hustles, freelance work, or asking for a raise to increase your debt payments.
Reduce Expenses
Track your spending and cut unnecessary expenses to free up more money for debt payments.
Balance Transfers
Transfer high-interest balances to cards with 0% introductory APR offers.
Debt Consolidation
Consider a personal loan with a lower interest rate to consolidate multiple debts.