The honest numbers for a $1,000 credit card balance at 22% APR, by monthly payment. While you decide, the balance costs about $0.60 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $25/mo | 6 years 1 month | $819 | $1,819 |
| $50/mo | 2 years 2 months | $257 | $1,257 |
| $75/mo | 1 year 4 months | $157 | $1,157 |
| $125/mo | 9 months | $92 | $1,092 |
| $225/mo | 5 months | $53 | $1,053 |
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 $0.60 per day in interest — roughly $18 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 6 years 1 month to 5 months and saves $766 in interest.