Minimum payment assumes 2.5% of remaining balance, decreasing over time. All figures approximate.
Going from $300 to $400/month cuts 21 months off your timeline and saves over $2,500 in interest. That's $100/month buying nearly two years of freedom.
The minimum payment shrinks as your balance drops, so your payoff timeline barely moves. You're paying interest faster than you're paying down principal.
Whether you use snowball or avalanche, the biggest lever is your extra payment amount. Method is second — amount is first.
When $10,000 is split across two or three credit cards, using the snowball or avalanche method keeps you organized and accelerating. Each time you pay off a card, that freed minimum rolls into the next — shortening your total timeline beyond what any flat extra payment can do alone.
The freed minimum is the compounding engine. It's not just your $100 extra — it's $100 plus $35 plus $80 by the time you reach the last card.
Add your real balances, rates, and extra payment — the planner shows your exact month-by-month schedule and the date you become debt-free.
Free forever plan available. No credit card required.