Credit Cards Payoff Calculator
Create a plan to pay off multiple credit cards using avalanche or snowball methods.
Your cards
Card progress
Mastercard
Paid off in 9 monthsOriginal balance:€2800
Interest paid:€265
Visa Gold
Paid off in 18 monthsOriginal balance:€3500
Interest paid:€738
American Express
Paid off in 26 monthsOriginal balance:€4200
Interest paid:€1213
Total debt
€10.500
3 cards
Months to freedom
0
Total interest
€ 0
Debt distribution
€11kTotal
Visa Gold(33.3%)
Mastercard(26.7%)
American Express(40.0%)
Strategy comparison
Avalanche2a 2m
Interest paid: €2216
Highest APR first
Snowball2a 2m
Interest paid: €2216
Lowest balance first
Payoff order
1
Mastercard2
Visa Gold3
American ExpressHow to pay off multiple cards?
With a fixed budget, pay minimums on all and put the rest toward one target card. When paid off, add its payment to the next (cascade effect).
Avalanche vs Snowball
Avalanche: attack highest APR first, saves most money. Snowball: attack lowest balance first, generates quick wins for motivation.
Tips for success
Don't use cards while paying them off. Automate payments. Celebrate each paid-off card. Consider balance transfers if 0% APR offers available.