Credit Card Payoff Calculator
Simulate snowball vs avalanche payoff across multiple cards.
Cards
| Balance | APR (%) | Min payment | |
|---|---|---|---|
Total debt
$16,000
Time to debt-free
2y 5m
Total interest (avalanche)
$4,153
Snowball: $4,589
Credit Card Payoff Calculator
The Credit Card Payoff Calculator shows exactly how long it will take to clear your balances and how much interest you will pay. It compares the two popular debt-elimination strategies side-by-side.
Snowball vs avalanche
- Avalanche — extra payments go to the card with the highest APR first. This minimises total interest paid.
- Snowball — extra payments go to the smallest balance first. You eliminate a card sooner, which is great for motivation but typically costs more in interest.
Tip
Any amount above the minimum makes a dramatic difference. Doubling a minimum payment often cuts the payoff period in half and the total interest by 60–70%.