The honest numbers for a $3,000 credit card balance at 18% APR, by monthly payment. While you decide, the balance costs about $1.48 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $75/mo | 5 years 2 months | $1,616 | $4,616 |
| $125/mo | 2 years 6 months | $747 | $3,747 |
| $150/mo | 2 years | $593 | $3,593 |
| $175/mo | 1 year 8 months | $494 | $3,494 |
| $275/mo | 1 year 1 month | $301 | $3,301 |
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 $1.48 per day in interest — roughly $44 a month before you've paid for anything new.
Every dollar above the minimum goes entirely to the balance. Moving from $75/mo to $275/mo cuts the payoff from 5 years 2 months to 1 year 1 month and saves $1,315 in interest.