Multiple Card Payoff Calculator
Calculate the fastest and most cost-effective way to pay off multiple credit cards. Compare avalanche vs snowball methods and optimize your debt repayment strategy.
Step 1: Credit Card Details
| Card Name | Balance | Interest Rate | Min Payment | |
|---|---|---|---|---|
| % | ||||
| % | ||||
| % |
Payoff Strategies Explained
Avalanche Method: Pay off highest interest rate cards first to save the most money.
Snowball Method: Pay off smallest balances first for psychological wins and momentum.
Step 2: Calculation Options
Quick Tips
• Adding even $50 extra per month can save thousands in interest
• Consider balance transfers to lower interest rates
• Always pay at least the minimum on all cards
• Track your progress monthly to stay motivated
Payoff Calculation Results
Total Time to Debt Freedom
Payoff Method Comparison
| Method | Time to Payoff | Total Interest | Total Paid | Best For |
|---|
Recommended Payment Schedule
| Month | Focus Card | Payment | Remaining Balance | Interest This Month |
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