The honest numbers for a $7,500 credit card balance at 18% APR, by monthly payment. While you decide, the balance costs about $3.70 per day in interest.
| Monthly payment | Time to $0 | Total interest | Total paid |
|---|---|---|---|
| $188/mo | 5 years 2 months | $4,020 | $11,520 |
| $238/mo | 3 years 7 months | $2,730 | $10,230 |
| $288/mo | 2 years 10 months | $2,082 | $9,582 |
| $376/mo | 2 years | $1,479 | $8,979 |
| $388/mo | 1 year 11 months | $1,423 | $8,923 |
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 $3.70 per day in interest — roughly $111 a month before you've paid for anything new.
Every dollar above the minimum goes entirely to the balance. Moving from $188/mo to $388/mo cuts the payoff from 5 years 2 months to 1 year 11 months and saves $2,597 in interest.