About the Multiple Credit Card Payoff Calculator
When you're juggling several cards, the fastest, cheapest approach is usually to pay every minimum and throw everything extra at the highest-APR card first (the avalanche method). Enter up to four cards to see your debt-free date, total interest, and the order they're cleared.
How it’s calculated
Cards are ordered by APR, highest first. Each month all minimums are paid, then the remaining budget attacks the highest-rate card until every balance is zero.
Example calculation
With a $6,000 card at 22% and a $9,000 card at 15%, paying minimums plus $200 extra clears both in about 3 years 4 months, starting with the 22% card.
Frequently asked questions
Why pay the highest-rate card first?
The highest-APR balance grows the fastest, so eliminating it first stops the most interest. This is the avalanche method — mathematically the cheapest path.
What if I prefer quick wins?
The snowball method (smallest balance first) trades a little extra interest for faster individual payoffs. See the Debt Snowball calculator to compare.
This calculator provides estimates for educational purposes and should not be considered financial, tax, or legal advice. Your actual figures may vary with lender terms, fees, and market conditions.