The honest numbers for a $1,000 credit card balance at 25% APR, by monthly payment. While you decide, the balance costs about $0.68 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $25/mo | 7 years 3 months | $1,172 | $2,172 |
| $50/mo | 2 years 3 months | $307 | $1,307 |
| $75/mo | 1 year 4 months | $184 | $1,184 |
| $125/mo | 9 months | $105 | $1,105 |
| $225/mo | 5 months | $61 | $1,061 |
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 $0.68 per day in interest — roughly $21 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 7 years 3 months to 5 months and saves $1,112 in interest.