Credit Cards Payoff Calculator
Aggregate payoff for multiple cards.
Inputs
$
%
$
Result
Payoff Time2.6 years
Total Interest$3,452.12
About the Credit Cards Payoff Calculator
The Credit Cards Payoff Calculator estimates how long it will take to pay off multiple credit-card balances given your total monthly payment budget.
Calculation method
Applies the total payment across balances using either the avalanche method (highest APR first) or snowball method (smallest balance first), then amortizes.
Same amortization applied to combined debt; extra beyond min goes to target card each month.How to use this calculator
- Enter total balance across all cards.
- Enter the weighted-average APR.
- Enter your total monthly payment.
Example
$12,000 total at 21% APR paid at $400/month takes about 44 months and costs $5,600 in interest.
Frequently asked questions
Avalanche or snowball method?
Avalanche saves the most money by attacking the highest rate first. Snowball builds motivation by closing small balances quickly. Both work — pick the one you'll stick with.
Should I stop using the cards?
Yes. New charges undo progress. Freeze spending on all cards until balances are paid, then use one for planned charges paid in full each month.
Will paying off cards hurt my credit score?
No — it usually helps by lowering utilization. Keep the accounts open to preserve credit history and total limits.
Disclaimer: This calculator is for informational and educational purposes only and does not constitute financial, tax, or legal advice. Consult a qualified professional for decisions specific to your situation.