Credit Cards Payoff Calculator
Compare different strategies to pay off multiple credit cards. See which method saves you the most money and gets you debt-free faster.
Monthly Payment Budget
Set the total amount you can pay toward all credit cards each month
$400
Minimum: $150Recommended: $300
Payoff Strategy
Choose how you want to prioritize paying off your credit cards
Debt Avalanche Method
Prioritizes paying off debts with the highest interest rates first. This method minimizes the total interest paid and is mathematically optimal.
| Priority | Card | Balance | Interest Rate |
|---|---|---|---|
| 1 | Card 2 | $2,500 | 2,299.00% |
| 2 | Card 1 | $5,000 | 1,899.00% |
Your Credit Cards
Enter the details for each of your credit cards
Card 1
Calculated minimum payment: $100
Card 2
Calculated minimum payment: $50