The honest numbers for a $3,000 credit card balance at 22% APR, by monthly payment. While you decide, the balance costs about $1.81 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $75/mo | 6 years 1 month | $2,457 | $5,457 |
| $125/mo | 2 years 8 months | $990 | $3,990 |
| $150/mo | 2 years 2 months | $771 | $3,771 |
| $175/mo | 1 year 9 months | $635 | $3,635 |
| $275/mo | 1 year 1 month | $378 | $3,378 |
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 $1.81 per day in interest — roughly $54 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 6 years 1 month to 1 year 1 month and saves $2,078 in interest.