Roll-Down Your Credit Card Debt Calculator!
The Credit Card Roll-Down Calculator applies two simple principles to paying off your credit card debt.
How the roll-down your credit card debt calculator! works
It pays minimums on every card and directs your extra payment at the highest interest rate first — the avalanche, or "roll-down," approach. When the costliest card clears, its payment rolls down onto the next-highest rate, minimising total interest.
Worked example: with debt 1 — balance of $9,000, debt 1 — rate of 22.00% and debt 1 — minimum payment of $180, the roll-down your credit card debt calculator shows debt-free in of 3.6 years.
- Total debt
- $19,000
- Total interest
- $5,519
- Interest saved vs minimums
- $9,574
- Sooner than minimums
- 47 mo
The formula
Constant budget = minimums + extra. Each month interest accrues, minimums are paid, and the surplus targets the highest-rate debt until everything is repaid.
Results are estimates for educational purposes and are not financial advice. Confirm exact figures with your lender, plan administrator or advisor.
Questions about the roll-down your credit card debt calculator!
What is the roll-down (avalanche) method?
You attack the highest-rate debt first while paying minimums on the rest. As each clears, its payment "rolls down" to the next-costliest, which minimises the interest you pay overall.
Is roll-down better than the snowball?
Mathematically yes — paying the highest rate first always saves the most money. The snowball can be easier to stick with; roll-down is the cost-optimal choice.
Does the order of my cards matter that much?
On high-rate cards, very much. Directing extra payments to the highest APR first can save hundreds or thousands compared with paying them evenly.
Is the Roll-Down Your Credit Card Debt Calculator! free to use?
Yes. Every calculator on FinCalculators is completely free, with no sign-up, login or paywall. You can run as many scenarios as you like.
- Debt Snowball vs Avalanche: Which Saves More? — Which payoff method saves more — a computed head-to-head on $30,000 of debt.