Credit Card Payoff Optimization Calculator

Compare payoff ordering across multiple cards using rates, balances, minimums, and available extra cash.

Method and required inputs

Keep every minimum payment current, then compare highest-rate and smallest-balance strategies. Include promotional expiration dates, transfer fees, and the risk of adding new charges.

The optimizer compares highest-rate, smallest-balance, and utilization-focused ordering while maintaining every required minimum. The same extra-payment budget must be used across strategies for a fair comparison.

Read the complete result

Highest-rate ordering generally minimizes modeled interest, while smallest-balance ordering may eliminate individual obligations sooner. A utilization-first plan may support near-term credit readiness but can cost more interest than an avalanche.

Run a stress case

Stress promotional expirations, balance-transfer fees, new charges, changing minimums, and a reduced monthly budget. Protect any deferred-interest deadline and do not sacrifice required payments on other accounts.

Limits and verification

Actual card interest uses issuer-specific daily-balance and billing-cycle methods. Score effects are not guaranteed. Choose the strategy that the household can sustain while protecting critical obligations.

This calculator is educational, not a quote, approval, guarantee, tax opinion, or individualized recommendation. Confirm material figures, current rules, and actual product terms before acting.

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