Calculate how long it takes to pay off your credit card debt and see exactly how much interest you'll pay.
Compare different payment amounts to find the fastest way to become debt-free.
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APR (Annual Percentage Rate): The yearly interest rate on your card. It's divided by 12 for monthly charges.
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Minimum Payment: Usually 1-3% of balance. Paying only minimum keeps you in debt for years!
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Compound Interest: Interest charges create more interest. The longer you carry a balance, the more you pay.
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Interest vs Principal: Early payments mostly go to interest. Later payments reduce your actual debt.
💰 Avalanche Method
Pay off highest interest rate first. Saves most money mathematically.
❄️ Snowball Method
Pay off smallest balance first. Quick wins boost motivation.
🔄 Balance Transfer
Move to 0% APR card. No interest for 12-18 months - attack principal!
💪 Extra Payments
Any extra amount goes directly to principal. Even $25 more helps!
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Pay More Than Minimum: Even $50 extra monthly can cut years off your payoff time
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Make Bi-Weekly Payments: Pay half every 2 weeks = 13 monthly payments per year instead of 12
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Use Windfalls: Tax refunds, bonuses, gifts - put them toward your debt!
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Stop Using the Card: Freeze it! Can't pay off debt while adding more charges
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Negotiate Lower Rate: Call your card company. If you have good payment history, they might reduce your APR
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Side Hustle Income: Extra income dedicated to debt = freedom faster