Credit card payoff calculator
Enter your balance, the card's APR and what you can pay each month. You'll see how long it takes to be debt-free and how much interest you'll pay on the way.
One card
Several cards: avalanche vs snowball
Each month you pay every minimum, and every extra dollar goes to one target card. Avalanche targets the highest APR first. Snowball targets the smallest balance first.
Avalanche (highest APR first)
Snowball (smallest balance first)
Avalanche or snowball?
The avalanche method always costs the least interest, because the most expensive debt goes first. The snowball method pays off small balances quickly, and those early wins help many people keep going. If the difference in interest is small, choose the method you'll actually stick with.
Two ways to speed things up: pay more than the minimum every month, even a little, and stop adding new charges to the cards you're paying off. A 0% intro APR balance transfer card can also help, if you can clear the balance before the intro period ends. See balance transfer cards
How the math works: interest is added each month at your APR divided by 12, then your payment is made. Real statements use daily interest, so your card's numbers can differ a little.
These tools give estimates for planning, not financial advice. 50/30/20 budget calculator