The honest numbers for a $1,000 credit card balance at 29% APR, by monthly payment. While you decide, the balance costs about $0.79 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $25/mo | 11 years 11 months | $2,561 | $3,561 |
| $50/mo | 2 years 4 months | $383 | $1,383 |
| $75/mo | 1 year 5 months | $222 | $1,222 |
| $125/mo | 9 months | $125 | $1,125 |
| $225/mo | 5 months | $71 | $1,071 |
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 $0.79 per day in interest — roughly $24 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 11 years 11 months to 5 months and saves $2,490 in interest.