Credit Card Calculator
Credit Card Payoff
Credit card debt compounds quickly due to high interest rates. Paying more than the minimum payment saves significant interest and reduces payoff time.
Payoff Strategies
- Avalanche method: Pay highest interest first
- Snowball method: Pay smallest balance first
- Balance transfer: Move to lower APR card
💡 Tips
- Minimum payments keep you in debt for years
- Avalanche saves the most interest
- Snowball provides psychological wins
- Avoid new charges while paying off debt