Credit Card Optimizer Calculator

Find the optimal way to distribute payments across your credit cards.

  • Methods explained
  • Save scenarios
  • Compare saved scenarios

Your Credit Cards

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Payment Budget

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This is the total amount you can pay toward all cards each month.

Optimization Results

Avalanche Method (Highest Rate First)

Payoff Time25
Total Interest$2,030

Snowball Method (Lowest Balance First)

Payoff Time25
Total Interest$2,301

Recommended Payment Allocation (Avalanche)

Card 1 (High Rate)$290
Card 2 (Medium Rate)$150
Card 3 (Low Rate)$60
Recommended Method0
Interest Difference$271
How it works›

Model and assumptions. Accrues monthly interest, makes required payments and allocates the available extra budget using the selected payoff order. Freed payments roll into later debts where modeled. Rates and minimum-payment rules are held as entered; new borrowing, fees and lender changes can extend payoff.CFPB: money and debt worksheetsOpenStax: annuity formulas