Credit Card Payoff Calculator
Figure out how long it'll take to pay off your credit cards and how much you'll pay in interest.
What You Need to Know
Credit card interest compounds daily—your balance grows faster than simple interest. Most cards charge 15-25% APR. Making only minimum payments (usually 2-3% of your balance) means you'll pay for years and rack up tons of interest.
Extra payments make a huge difference. Even an extra $50/month can cut years off your payoff time and save you thousands in interest.
Debt avalanche vs. snowball: Avalanche (pay highest interest first) saves the most money. Snowball (pay smallest balance first) gives you quick wins. Pick whichever keeps you motivated.
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