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.
The financial calculators are for educational purposes only and are to assist you in estimating the approximate costs associated with any bank activity. Your actual costs may vary.
The information provided should not be construed as tax or legal advice. Please consult with your tax advisor and/or attorney regarding your individual circumstances.
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NOT A DEPOSIT NOT FDIC-INSURED NOT GUARANTEED BY THE BANK NOT INSURED BY ANY STATE OR FEDERAL GOVERNMENT AGENCY MAY GO DOWN IN VALUE
BB&T Insurance Services, Inc. and BB&T Investment Services, Inc. are each a wholly owned subsidiary of Branch Banking and Trust Company. Scott & Stringfellow, Inc. is a wholly owned subsidiary of BB&T Corporation. BB&T Investment Services, Inc. is a Member FINRA/SIPC. Scott & Stringfellow, Inc. is a Member of NYSE/SIPC.
Branch Banking and Trust Company is a Member FDIC and an Equal Housing Lender.