MULTI-CARD PAYOFF TOOL
Debt Payoff Planner
Add your balances, APRs, and minimum payments to compare the avalanche and snowball payoff strategies.
Show strategy comparison
| Strategy | Payoff time | Total interest | First extra payment goes to |
|---|
Estimate only. It assumes no new charges, on-time payments, fixed APRs, and that you put the available extra amount toward one balance at a time. It does not replace financial, credit, or legal advice.
Debt avalanche vs. debt snowball
With debt avalanche, extra money goes to the highest APR first. This generally minimizes interest. With debt snowball, it goes to the smallest balance first. That may create quicker visible wins, though it can cost more interest.
How to use this planner
Use your statement balances, purchase APRs, and required minimum payments. Then enter only the additional amount you can consistently pay every month. To explore a lower-interest transfer for one balance, use the balance transfer calculator.
FAQ
What is the debt avalanche method?
Pay required minimums on all balances, then apply extra funds to the highest-APR balance.
What is the debt snowball method?
Pay required minimums on all balances, then apply extra funds to the smallest balance first.