Credit Card Calculator

Calculate payoff time, monthly payments, and total interest costs for your credit cards

Credit Card Details

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Percentage (e.g., 18.99 for 18.99%)

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Payoff Results

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Debt Payoff Strategies

💰 Debt Avalanche
Strategy: Pay minimums on all cards, put extra money toward highest APR card first.
Best for: Saving the most money on interest.
Time: Usually fastest mathematically.
❄️ Debt Snowball
Strategy: Pay minimums on all cards, put extra money toward smallest balance first.
Best for: Psychological wins and motivation.
Time: May take longer but builds momentum.
🔄 Balance Transfer
Strategy: Move high-interest debt to 0% APR promotional card.
Best for: Temporary relief and aggressive payoff.
Time: Take advantage of promotional periods.
📞 Debt Consolidation
Strategy: Combine multiple debts into one lower-interest loan.
Best for: Simplifying payments and reducing rates.
Time: Fixed payment schedule.

Credit Card Debt Tips

🚫 Stop Using Credit Cards

Avoid adding new charges while paying off existing debt. Use cash or debit cards for purchases.

💰 Pay More Than Minimum

Even an extra $25-50 per month can significantly reduce payoff time and interest costs.

📞 Negotiate Lower Rates

Call your credit card company to request a lower APR, especially if you've been a good customer.

💡 Use Windfalls Wisely

Apply tax refunds, bonuses, or unexpected money directly to your highest-interest debt.

📊 Track Your Progress

Monitor your balances monthly and celebrate milestones to stay motivated.

🎯 Set a Target Date

Choose a specific payoff date and work backwards to determine required monthly payments.