💸 Payoff scenario
How to Pay Off $5,000 in Credit Card Debt
Five thousand dollars at typical APRs can take a few years or over a decade—it depends on your payment.
At 24% APR, $5,000 with $200/month clears in about 2.7 years. Pay only the minimum (~$100) and you may need 17+ years and pay more in interest than the original balance.