# Credit Cards Payoff Calculator

> Calculate the fastest way to pay off multiple credit cards using the Avalanche or Snowball method.

Page: https://askcalculators.com/calculator/credit-cards-payoff-calculator/
Definition: https://askcalculators.com/calculator/credit-cards-payoff-calculator/definition.json
JSON Schema: https://askcalculators.com/calculator/credit-cards-payoff-calculator/schema.json
Version: 7.0.0
Maintained by: AskCalculators (software project; not a credentialed reviewer)
Qualified review: pending. Automated checks do not establish professional approval.
Page status: Live
Review status: Pending

## Use
Open the calculator page and enter values. Query-string parameters can restore and bookmark a calculation.
Example: https://askcalculators.com/calculator/credit-cards-payoff-calculator/?monthlyBudget=500&strategy=avalanche

## Inputs
- monthlyBudget: Total Monthly Budget; type=number; optional; default=500
- name: Name; type=text; optional
- balance: Balance; type=number; optional
- rate: Rate; type=number; optional
- minPayment: Min Payment; type=number; optional
- strategy: Strategy; type=select; optional; default=avalanche
- startDate: Plan Start Date; type=date; optional; default=today

## Outputs
- result: Result; format=text; primary

## Formula
Each month all cards accrue interest, receive their fixed minimum payments, then all remaining budget is cascaded through avalanche or snowball priority until every balance is paid.

## Rules
- Empty optional inputs are undefined, not zero.
- Hidden conditional inputs are ignored.
- Do not invent missing required inputs.