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Credit Card Payoff Calculator

Plan how up to five debts get paid off with the snowball or avalanche strategy: debt-free date, total interest, payoff order and the savings between the two.

Debt 1

Debt 2

Debt 3

Debt 4

Debt 5

Fill in only the debts you have — untouched rows are ignored. Amounts are plain numbers and work with any currency.

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Reading the debt list
Simulating the monthly payments
Comparing snowball and avalanche

Result

This page opens the debt payoff calculator tuned for credit cards, with the rate-first avalanche strategy preselected — with card APRs often above 20%, the order of attack matters more than anywhere else.

Minimum card payments are designed to keep balances alive for years: a large share of each minimum is eaten by interest before the balance moves at all. The simulation shows this honestly — if a minimum payment does not even cover the month's interest, the calculator says the card will never be paid off instead of pretending otherwise. Add several cards plus any loans, set an extra monthly amount, and watch how much sooner the balances die.

The result lists the month you become card-free, the total interest paid and the payoff order, and it prints how much the avalanche order saves over the snowball on your exact cards.

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Executed in Browser

Your files and inputs never leave this device. Processing runs completely offline. 100% Secure.

Accepted Formats & Rules

  • Up to five debts, each with an optional name, balance, APR and minimum monthly payment.
  • Month-by-month simulation: interest = balance × APR/12, minimums to every debt, extra money and freed-up minimums to the target debt.
  • Snowball (smallest balance first) and avalanche (highest APR first) strategies with a payoff order list.
  • Honest guard: a minimum payment that does not cover the monthly interest is reported as never paying off.

Key Benefits

✓ See the month you become debt-free instead of guessing — the whole plan is simulated payment by payment.
✓ Snowball and avalanche are both computed on every run, so the interest difference between them is always shown.
✓ Balances and payments are plain numbers in any currency, and nothing about your debts leaves the browser.

Use Cases

  • • See the exact month a stack of credit cards and loans reaches zero with your current payments.
  • • Decide between the snowball and avalanche order by the interest difference on your real balances.
  • • Check what an extra monthly payment does to the debt-free date and the total interest.
  • • Test whether a card's minimum payment actually covers its monthly interest — or keeps the debt alive forever.