Credit Card Payoff Pro
Multi-card payoff planning with up to 10 credit cards, payment optimization, interest cost comparison, and month-by-month payoff projections for each card.
Free vs Pro
- Track credit cards with balance, APR, and minimum payment
- Dashboard with payoff projections
- Minimum vs accelerated payment comparison
- Works in Excel and Google Sheets
- Track up to 10 credit cards with balance, APR, minimum payment, credit limit, and utilization rate
- Dashboard with 6 KPIs: total credit card debt, total minimum payments, weighted average APR, projected payoff date, total interest cost, and average utilization
- Minimum vs accelerated payment comparison showing months saved and interest saved for each card individually
- Month-by-month payoff schedule per card showing payment applied, interest charged, principal reduction, and remaining balance
- Payment optimization suggestions ranking cards by interest cost to identify the most expensive debt
- Utilization tracking per card and overall, with conditional formatting flagging cards above 30% utilization
- Multiple payment scenario modeling comparing 3 different monthly payment amounts side by side
- Works in Microsoft Excel, Google Sheets, and LibreOffice Calc with no macros required
Preview
See what's inside this template
How to Use This Template
Enter card details
Go to Card Setup and enter each credit card with current balance, APR, minimum payment, and credit limit.
Set payment amounts
Choose your monthly payment for each card. The template compares minimum-only vs your chosen accelerated amount.
Review payoff schedules
The month-by-month schedule shows how each card balance declines with interest and principal breakdown per payment.
Optimize payments
Check the Payment Comparison sheet to see how different total monthly amounts affect your payoff timeline and interest cost.
Built by Claude AI. Perfected by us.
We use Claude AI to draft each Pro template after deep research. Then our team steps in - refining the layout, stress-testing every formula, fixing edge cases, and polishing the design. The AI gets us 80% there. The last 20% is all human judgment.
One-time purchase. No subscription. Works in Excel & Google Sheets.
Frequently Asked Questions
How many cards can I track?
The Pro version supports up to 10 credit cards simultaneously with individual payoff schedules and combined dashboard totals.
How does payment optimization work?
The template ranks cards by total interest cost and shows which card costs you the most. Directing extra payments to the highest-APR card saves the most interest.
What is utilization tracking?
Credit utilization is the percentage of your credit limit in use. The template calculates it per card and overall, flagging cards above 30% which may affect credit scores.
Can I compare different payment amounts?
Yes. The Payment Comparison sheet models 3 different monthly payment amounts side by side showing payoff date, total interest, and months saved for each.
Does it handle balance transfers?
Update the balance and APR for any card when a transfer occurs. The schedule recalculates from the new balance and rate.
What do I get after purchase?
You receive an Excel file (.xlsx) that works in Microsoft Excel, Google Sheets, and LibreOffice Calc. Download it immediately after purchase - no signup or account required.
Is there a free version?
Yes. The free version of this template is available with basic features. The Pro version adds advanced analysis, more capacity, and additional sheets.
What if it does not work for me?
Contact us and we will help troubleshoot. The template works in Microsoft Excel, Google Sheets, and LibreOffice Calc with no macros required.
Looking for more Pro templates?
We offer Pro versions of our most popular spreadsheet templates with advanced features, more capacity, and deeper analysis.