Compare avalanche (highest APR) vs snowball (lowest balance) methods for paying off multiple cards
This credit cards payoff calculator compares the avalanche (highest APR first) and snowball (lowest balance first) methods for paying off multiple credit cards. Choose the strategy that works best for your financial goals and motivation style. When juggling multiple credit cards, choosing the right payoff strategy can save hundreds or thousands of dollars. This calculator compares the avalanche method (highest APR first) and snowball method (lowest balance first) so you can see which approach works best for your situation.
The calculator simulates monthly payments across all cards, applying the minimum to each card and directing any extra payment toward the target card based on the selected method.
Avalanche saves the most money by targeting highest APR debts first. Snowball builds momentum by paying off smallest balances first, which can be more motivating for some people.
Focus on one card at a time while making minimum payments on others. This concentrated approach pays off individual cards faster and provides psychological wins along the way.
The avalanche method (highest APR first) always saves the most money because it minimizes the total interest paid. The snowball method may cost more but can be more effective for those who need behavioral motivation.
You can add up to 6 credit cards in this calculator. Each card needs a name, balance, APR, and minimum payment for an accurate comparison.
Choose avalanche if you are mathematically focused and want to minimize costs. Choose snowball if you need quick wins to stay motivated. The best method is the one you will stick with consistently.
When a card is paid off, the minimum payment you were making on that card gets redirected to the next target card. This snowball effect accelerates your payoff progress over time.