The honest numbers for a $10,000 credit card balance at 22% APR, by monthly payment. While you decide, the balance costs about $6.03 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $250/mo | 6 years 1 month | $8,189 | $18,189 |
| $300/mo | 4 years 4 months | $5,596 | $15,596 |
| $350/mo | 3 years 5 months | $4,294 | $14,294 |
| $450/mo | 2 years 5 months | $2,961 | $12,961 |
| $500/mo | 2 years 2 months | $2,571 | $12,571 |
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 $6.03 per day in interest — roughly $181 a month before you've paid for anything new.
Every dollar above the minimum goes entirely to the balance. Moving from $250/mo to $500/mo cuts the payoff from 6 years 1 month to 2 years 2 months and saves $5,618 in interest.