Credit Card Payoff Plan Calculator
Create a plan to become debt-free. See exactly when youll pay off your cards.
Credit Card Payoff Strategies
Payoff strategies: Avalanche (highest rate first) or Snowball (lowest balance first)
Methods
- Avalanche: Highest rate card first
- Snowball: Lowest balance first
- Consolidation: One lower-rate loan
Frequently Asked Questions
What is the best payoff strategy?
Avalanche saves most money. Snowball provides quick wins for motivation.
Should I consolidate credit card debt?
If you can get a personal loan at lower rate (~8-12%) vs cards (15-25%), yes.