Using the Credit Cards Payoff Calculator
The reported completion time is the slowest card’s payoff period. The interest total adds the cost across all cards. If you intend to redirect a cleared card’s payment to another card, that separate strategy will usually produce a different timeline.
Worked example
Use the example inputs below to reproduce this result. These are the form's starting values, not recommended targets. Changing your inputs updates your result above; this worked example stays fixed for comparison. Results are rounded for display.
Example inputs
- Card balances
- 3000, 2000
- Annual rates (%) in the same order
- 20, 15
- Monthly payments in the same order
- 150, 100
Example result
- Months until all cards paid
- 25
- Total interest
- 995.71
- Total paid
- 5,995.71
Method and assumptions
Each card keeps its own payment until payoff. Freed payments are not reallocated; this is not a snowball or avalanche optimizer.
Check the payment assumption
A debt-payoff estimate assumes the planned payment actually reaches the balance on the modeled schedule. New borrowing, fees or rate changes can extend the timeline. Compare the regular payment with the interest accruing each period, then review any extra-payment assumptions. A payoff projection is most useful when it is updated as the balance and terms change.
Common question
Can I enter cards with different interest rates?
Yes. Give each balance its own annual rate and monthly payment. The lists must contain the same number of entries.
Guide updated .