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Scan NowCredit Card Payoff Calculator 2026
Snowball vs Avalanche: Which Saves You More?
YOUR DEBT-FREE DATE:
June 2032
Min payments only:
360 months
$556,705 interest
+$100/mo extra:
75 months
$546,498 SAVED
Independent review. Referral-supported, but our verdicts stay data-led.
Add your balances to model your payoff
How much extra can you pay monthly?
Total Debt
$15,000
Avg APR
21.69%
Min Payment
$300/mo
With +$100/mo extra payment:
285
months saved
$546,498
interest saved
| Metric | Snowball | Avalanche | Winner |
|---|---|---|---|
| Payoff Time | 103 mo | 75 mo | Avalanche |
| Interest Paid | $16,272 | $10,207 | Avalanche |
| Psychological Win | YES | No | Snowball |
| Math Efficiency | No | YES | Avalanche |
Verdict: Avalanche saves $6,065 more. Snowball builds momentum with quick wins.
Extra Payments Impact Calculator
| Balance | Regular | +$100/mo | Savings |
|---|---|---|---|
| $5,000 | 18 months | 12 months | $412 |
| $15,000 | 28 months | 14 months | $1,892 |
| $30,000 | 48 months | 27 months | $5,214 |
Based on 19.58% average APR. Extra payments attack principal directly, saving exponential interest.
Your Payoff Complete = Next Level
| Phase | Tool | Action |
|---|---|---|
| 1. Monitor | IdentityIQ | $1 Trial → |
| 2. Disputes | 609 Generator | Build Free → |
| 3. Boost | Experian Boost | Add Payments → |
| 4. Agencies | Charla AI | Scale Business → |
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Frequently Asked Questions
Snowball vs Avalanche calculator - which is better?
Avalanche saves more money (highest APR first). Snowball builds momentum (lowest balance first). Math says Avalanche. Psychology often needs Snowball. Our calculator shows both so you can choose.
Multiple credit card payoff calculator - how does it work?
Add all your cards with balances, APRs, and minimum payments. The calculator prioritizes which card to attack first based on your chosen strategy, then rolls freed payments to the next card (snowball effect).
How much faster can I pay off with extra payments?
$100/mo extra on $15k debt @ 19.58% APR cuts payoff from 28 months to 14 months and saves $1,892 in interest. Extra payments attack principal directly, creating exponential savings.
What APR should I use in the calculator?
Use your actual APR from your credit card statement (not the purchase APR if you have a promotional rate). Average US credit card APR in 2026 is 19.58%.
Should I pay off credit cards or save first?
Pay off high-APR debt first. 19%+ interest beats any savings return. Keep $1,000 emergency fund, then attack debt aggressively. Once debt-free, redirect payments to savings.
Track Your Payoff Progress in Real-Time
IdentityIQ monitors all 3 bureaus + dark web. Watch your utilization drop and score climb as you execute your payoff plan.
Independent review. Referral-supported, but our verdicts stay data-led.