The honest numbers for a $2,000 credit card balance at 22% APR, by monthly payment. While you decide, the balance costs about $1.21 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $50/mo | 6 years 1 month | $1,638 | $3,638 |
| $100/mo | 2 years 2 months | $514 | $2,514 |
| $150/mo | 1 year 4 months | $315 | $2,315 |
| $250/mo | 9 months | $183 | $2,183 |
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 $1.21 per day in interest — roughly $36 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 6 years 1 month to 9 months and saves $1,455 in interest.