Roll-Down Your Credit Card Debt!


When you have several credit cards you can roll down them to pay off the credit card debts. To roll down your credit card debts with multiple credit cards, you need to begin from the credit card with highest/lowest rate of interest. After you have completely paid off the loan of the first credit card, you can then employ its monthly amount to repay the debt of another credit card. This ‘another card’ is the credit card that charges you with the second highest/lowest interest rate. This process will then be continued to repay all other credit card’s loan. Use our calculator to work out roll down for 10 credit cards debt repayments.

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Roll-down amount
Amount of money in excess of the minimum monthly payment you want to use to pay your credit card loan. Higher roll-down amount will help you to quickly repay the debt amounts. But you must be careful while opting for a higher amount because your consistent payment is much more significant than higher payments.
Pay off highest rate first
Checking this box will start paying off for the credit cards with highest interest rate first. Uncheck this box to start with the lowest rate first.
Use minimum payment
If you are not interested to pay money in addition to the minimum monthly payment to boost repayment, simply check this box. By OkCalculator, the minimum payment is calculated as only 4% of the current outstanding debt balance.
Credit Card Balance
Total of your current credit card balance.
Credit Card Interest rate
Percentage rate of interest you pay on the credit card annually. Lower rate will increase the term length of repaying the debts.
Credit Card Payment
Enter the amount of money you will pay every month as repayment. If you don’t want to make payment in addition to the minimum payment, you should check the ‘Use credit card minimum payments’. This will automatically set the credit card payment to 4% of the current outstanding balance.