The credit card roll-down applies two simple principles to paying off your credit card debt.
Pay off your highest interest rate first.
When a credit card balance is paid in full, apply its monthly payment to the balance with the next highest interest rate.
To see how this can be applied to your credit card debt, enter your credit card balances and an additional
Roll-down amount. The calculator will then apply your additional monthly payment to the credit card with the
highest rate. When that credit card is paid in full, the card with the next highest rate will be paid down.
This continues until you have rolled through all of your credit cards and your debt is paid in full. Click
the “View Report” button for a detailed look at the results.
MTC Federal Credit Union PO Box 1944 Greenville, SC 29602
Information and interactive calculators are made available to you only as self-help tools for your independent
use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability
or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative
purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal
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