Paid your credit card off — and still got charged interest? It's called trailing interest. It's real, it's legal, and almost nobody explains it. Pay Down explains it — and tracks what every purchase on your cards actually costs you.
Credit card interest doesn't work the way most people think. It accrues daily, your statement balance (not your current balance) is your official bill, and after one carried month it can take two full billing cycles to get back into your grace period. Banks don't hide this — but they don't explain it either. Pay Down does, with your own numbers.
TRACK YOUR REAL CARDS
Add your cards from your monthly statements or a CSV export from your bank — no bank login needed to start. Pay Down allocates interest to each purchase, so you see the real figure:
• That $50 dinner, carried eight months at 24% APR, cost you $58. Pay Down shows you $58.
• See exactly which purchases are quietly costing the most
• Know your debt-free date from your actual payment pace — to the month
• Model paying $50 more per month (or $200) and watch the date move
• Compare payoff strategies: avalanche, snowball, or cut spending
• Get warned before trailing interest hits, and understand it when it does
• Track progress as your balances actually move — exact dollars, not vibes
Prefer automatic? Optional bank sync (Premium) keeps your cards current without imports. Your choice, never a requirement.
WHO IT'S FOR
People carrying a credit card balance who want an honest picture of what it's costing them — and a clear, dated path out. Not a budgeting app, not an investing app. If you've ever typed "why was I charged interest after I paid in full" into a search bar at 11pm, this app was built for you.
ALSO INCLUDED
• Four free calculators — True Cost, Balance Transfer, HELOC/Loan Payoff, and Minimum Payment Trap — for quick answers before you add a card
• Weekly check-ins and progress tracking
FREE VS. PREMIUM
Tracking is free: unlimited cards, statement and CSV import, all true-cost math, debt-free projections, payoff strategies, and all four calculators. Premium adds automatic bank sync, the Insights tab (true-cost multiplier, category breakdowns, effective APR trends), a monthly AI spending review email, and card sharing with your partner — one Premium subscription on your side; your partner views the card free.
Pay Down Premium is an auto-renewing subscription with a 7-day free trial for new subscribers on either plan: $59.99 per year, or $6.99 per month. Payment is charged to your Apple ID account; the subscription renews unless cancelled at least 24 hours before the end of the period. Manage or cancel in your App Store account settings. Terms: https://ezbay.com/terms — Privacy: https://ezbay.com/privacy
Add your first card and see what your balance is actually costing you. The numbers might be uncomfortable. That's the point.
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