Credit Cards Payoff Calculator | Debt Avalanche Method

Credit Cards Payoff Calculator

Create a cost-efficient payback schedule for multiple credit cards using the Debt Avalanche method to minimize interest payments and become debt-free faster.

What is the Debt Avalanche Method?

The Debt Avalanche method focuses on paying off debts with the highest interest rates first while making minimum payments on others. This approach saves you the most money on interest over time compared to other payoff strategies.

Your Credit Cards

Credit Card 1

Card Name

Balance ($)

Interest Rate (%)

Min. Payment ($)

Extra Monthly Payment ($) Additional amount you can pay toward debt each month

Why Choose the Avalanche Method?

This method prioritizes debts with the highest interest rates first, which mathematically saves you the most money on interest payments over time. While it might not provide the psychological “wins” of paying off small balances first (like the Snowball method), it’s the most cost-efficient strategy.

Payoff Plan Results

Your Payoff Plan Awaits

Enter your credit card details and click “Calculate Payoff Plan” to see how much you can save with the Avalanche method.

Debt Freedom Timeline

Months to Payoff

$1,892

Total Interest Paid

$15,892

Total Payments

$2,450

Interest Savings

Month	Card	Payment	Interest	Principal	Remaining

This chart shows how your debt decreases over time using the Avalanche method. The steepest declines occur as you eliminate high-interest cards first.

Your Avalanche Payoff Strategy

Based on your input, here’s the optimal order to pay off your credit cards:

Chase Sapphire (19.99% APR) – Focus all extra payments here first
Bank of America (17.9% APR) – Pay minimum until higher APR cards are paid off
Citi Double Cash (15.24% APR) – Pay minimum until higher APR cards are paid off

Tip: Once you pay off your first card, apply that card’s minimum payment PLUS the extra payment amount to the next card on your list. This creates a powerful “avalanche” effect!

Master Your Credit Card Debt with the Avalanche Method

Credit card debt can feel overwhelming, but with the right strategy, you can take control of your finances. Our calculator uses the mathematically optimal Debt Avalanche method to help you:

Save money on interest – By targeting high-interest debt first, you minimize the total interest paid
Become debt-free faster – The Avalanche method typically results in faster debt elimination compared to other approaches
Optimize your payments – Our calculator shows exactly how much to pay toward each card each month

For evaluating a single credit card payoff plan, or to learn more about how credit cards work, visit our dedicated credit card calculator.