Question 1

What if I keep charging the card?

Accepted Answer

This model assumes no new purchases. New charges extend payoff time.

Question 2

Should I use avalanche or snowball?

Accepted Answer

For one card this tool is enough. For multiple debts, prioritize highest APR (avalanche) or smallest balance (snowball).

Question 3

Are fees included?

Accepted Answer

Interest only. Annual fees or penalties should be added to the balance if applicable.

Credit Card Payoff Calculator

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