Your Credit Cards
Add each card you're carrying a balance on
Payoff Strategy
How do you want to attack this debt?
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Add your credit cards on the left
and hit Calculate to see your payoff plan.
Your Payoff Summary
Avalanche Method
Payoff Order & Timeline
Strategy Comparison
How do the two methods stack up for your situation?
Payment Schedule
Month-by-month breakdown of each card
Which Strategy Is Right for You?
Understanding the difference can save you real money
🏔 Avalanche
Pay minimums on everything, then throw every extra dollar at your highest APR card first.
✓ Best for: Minimizing total interest paid
⛄ Snowball
Pay minimums on everything, then attack your smallest balance first regardless of rate.
✓ Best for: Staying motivated, quick wins
Frequently Asked Questions
Does the extra payment really make a difference?
Even an extra $25–$50/month can shave months off your payoff timeline and save hundreds in interest. Try it — enter an amount in the Extra Monthly Payment field and recalculate.
What counts as a minimum payment?
Your minimum payment is the lowest amount your card issuer will accept each month without a penalty. You can find it on your monthly statement or by logging into your card account. Paying only the minimum dramatically extends your payoff timeline.
Why does APR matter so much?
APR (Annual Percentage Rate) is the annual cost of carrying a balance, charged monthly. A card at 24% APR charges 2% of your balance in interest every month. The higher your APR, the faster your balance grows if left unpaid.
Should I pay off debt or build an emergency fund?
Most financial planners suggest a small emergency fund (around $1,000) before aggressively paying down debt — so an unexpected expense doesn't force you back onto your cards. Once you have that cushion, throw everything at the debt.