The honest numbers for a $2,000 credit card balance at 29% APR, by monthly payment. While you decide, the balance costs about $1.59 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $50/mo | 11 years 11 months | $5,122 | $7,122 |
| $100/mo | 2 years 4 months | $766 | $2,766 |
| $150/mo | 1 year 5 months | $444 | $2,444 |
| $250/mo | 9 months | $249 | $2,249 |
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 $1.59 per day in interest — roughly $48 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 11 years 11 months to 9 months and saves $4,873 in interest.