Credit Card Payoff Calculator — Markus Williams Jr.
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Strategy Center

Credit Card
Payoff Calculator

See your exact debt-free date, compare snowball vs avalanche strategies side-by-side, and find out how much faster you can get there with a little more each month. This is one of the most powerful financial moves you can make.

Your Credit Cards 0 of 6 cards entered
Up to 6 cards
Monthly Payment
$
Enter your total monthly payment across all cards.
What if you added extra each month? +$0 / mo
$0+$500/mo
Payoff Strategy
Avalanche pays off the highest interest rate first — mathematically optimal. Saves the most money in interest over time.
Balance transfer strategy. If your cards are at high rates (18%+), a 0% balance transfer card (12–21 month intro, typically 3–5% fee) can dramatically cut interest. On a $5,000 balance at 22%, a 3% transfer fee ($150) could save $1,000+ in interest. Model it by entering the transferred balance with 0% promo rate and the post-promo rate.
⚠ Your balance is growing, not shrinking
Projected Debt-Free Date
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Enter your cards and payment above to see your debt-free date.
Total Debt
$0
across all cards
Total Interest
—
at current payment
Avg. Interest Rate
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weighted average APR
Months to Freedom
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Avalanche vs Snowball ▾
Avalanche
Snowball
Debt-Free Date
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Total Interest
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Total Months
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Per-Card Payoff Order ▾
Add cards and a payment to see your payoff order.
Balance Over Time ▾
Save Your Plan Nothing stored — device only
A payoff plan is just the beginning.
Once you're debt-free, redirecting those payments toward retirement and investments is where the real wealth-building starts. Let's build that plan together.
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This calculator provides a hypothetical, educational estimate only and is not financial advice. Results assume constant APR, steady monthly payments applied at the beginning of each period, and no new charges to any card during the payoff period.

This tool does not account for: minimum payment requirements (which may change), late fees, annual fees, penalty APRs, statement timing differences, promotional rate terms or expiration, balance transfer fees, or changes in your financial situation. Actual payoff timelines and interest costs may differ.

The avalanche and snowball methods shown are educational models. The "best" strategy depends on your specific cards, psychology, and financial situation. Consult a qualified financial advisor before making significant financial decisions.

Advisory services and securities offered through Lincoln Investment, Registered Investment Adviser, Broker-Dealer, Member FINRA / SIPC. lincolninvestment.com · FINRA BrokerCheck