The honest numbers for a $2,000 credit card balance at 18% APR, by monthly payment. While you decide, the balance costs about $0.99 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $50/mo | 5 years 2 months | $1,077 | $3,077 |
| $100/mo | 2 years | $396 | $2,396 |
| $150/mo | 1 year 3 months | $248 | $2,248 |
| $250/mo | 9 months | $147 | $2,147 |
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 $0.99 per day in interest — roughly $30 a month before you've paid for anything new.
Every dollar above the minimum goes entirely to the balance. Moving from $50/mo to $250/mo cuts the payoff from 5 years 2 months to 9 months and saves $930 in interest.