The honest numbers for a $1,000 credit card balance at 18% APR, by monthly payment. While you decide, the balance costs about $0.49 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $25/mo | 5 years 2 months | $539 | $1,539 |
| $50/mo | 2 years | $198 | $1,198 |
| $75/mo | 1 year 3 months | $124 | $1,124 |
| $125/mo | 9 months | $73 | $1,073 |
| $225/mo | 5 months | $43 | $1,043 |
Assumes no new charges and a fixed APR. Estimates only — not financial advice.
Run your exact numbers in the free calculatorOr track it live with bank sync — your first card is free at paydown.proAbout $0.49 per day in interest — roughly $15 a month before you've paid for anything new.
Every dollar above the minimum goes entirely to the balance. Moving from $25/mo to $225/mo cuts the payoff from 5 years 2 months to 5 months and saves $496 in interest.