Pay Down: Credit Card Interest

Explains interest. Tracks it.

Free · In‑App Purchases · Designed for iPad. Not verified for macOS.

Try Pay Down before you sign up. 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 • Card sharing with your partner, so you pay it down together 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), and a monthly AI spending review. Pay Down Premium is an auto-renewing subscription: 7-day free trial, then $59.99/year (a monthly plan is also available). 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.

Ratings & Reviews

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• Explore with sample data — no account needed. The True Cost calculator works without one. • A shorter first statement: closing date, new balance, interest charged. • See what a balance really cost you, even when no interest was charged. • Clearer free vs Premium; Restore purchases is in Settings. • Landscape and tablet polish; Spanish and French wording fixes.

Version 1.1.8

The developer, EZ Budget all year, LLC, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy .

  • Data Linked to You

    The following data may be collected and linked to your identity:

    • Financial Info
    • Contact Info
    • Identifiers
    • Usage Data

  • Data Not Linked to You

    The following data may be collected but it is not linked to your identity:

    • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

Accessibility

The developer has not yet indicated which accessibility features this app supports. Learn More

Information

Seller
EZ Budgeting all year, LLC
Size
52.9 MB
Category
Finance
Compatibility
Requires iOS 15.1 or later.
  • iPhone
    Requires iOS 15.1 or later.
  • iPad
    Requires iPadOS 15.1 or later.
  • iPod touch
    Requires iOS 15.1 or later.
  • Mac
    Requires macOS 12.0 or later and a Mac with Apple M1 chip or later.
  • Apple Vision
    Requires visionOS 1.0 or later.
Languages
English
Age Rating
4+
In-App Purchases
Yes
  • Annual Premium $59.99
  • Monthly Premium $6.99
  • Learn More
Copyright
© 2026 EZBay LLC
  • Developer Website
  • Privacy Policy

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