The honest numbers for a $3,000 credit card balance at 29% APR, by monthly payment. While you decide, the balance costs about $2.38 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $75/mo | 11 years 11 months | $7,683 | $10,683 |
| $125/mo | 3 years 1 month | $1,541 | $4,541 |
| $150/mo | 2 years 4 months | $1,149 | $4,149 |
| $175/mo | 1 year 11 months | $921 | $3,921 |
| $275/mo | 1 year 1 month | $525 | $3,525 |
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 $2.38 per day in interest — roughly $72 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 11 years 11 months to 1 year 1 month and saves $7,158 in interest.