Credit cards can become extremely expensive if balances are carried. This article covers paying 250 month credit card using real U.S. examples and practical payoff strategies.
Most U.S. credit cards charge APR between 18% and 29%. Interest compounds monthly or daily, meaning balances grow even when you make payments. Early payments mainly cover interest instead of reducing principal.
This is why many Americans feel stuck in debt despite paying every month.
A $7,000 balance at 26% APR with $200 monthly payments may cost thousands in interest.
Adding just $50 per month can reduce payoff time by many months and save hundreds of dollars in interest.
Calculate your real payoff timeline here
Is this accurate?
Yes. Calculations follow standard U.S. APR compounding.
Does this include fees?
No. Late fees and annual fees are not included.
Is this financial advice?
No. Educational purposes only.