Question 1

How to calculate credit card payoff?

Accepted Answer

Enter each card's balance, APR, and minimum payment. Set your monthly budget and run the calculator to see payoff months, total interest, and your estimated debt-free date.

Question 2

What is the best way to pay off credit cards?

Accepted Answer

To save the most interest, pay the highest APR card first (the avalanche method) while paying at least the minimum on others. You can compare scenarios in this calculator.

Question 3

How much should I pay each month?

Accepted Answer

Always pay at least the minimum on every card. Paying more each month shortens your payoff time and reduces total interest. Try raising your budget and compare results.

Balance Transfer Calculator