How to avoid or lower Apple Card interest charges
When you pay your monthly balance in full every month on or before the due date, you won't be charged interest.
If you don't pay your monthly balance in full by your due date, interest begins to accrue. Interest is charged on the unpaid portion of your monthly balance and begins to accrue on new purchases until you pay the monthly balance in full. Any accrued interest will appear on your next statement and in Apple Wallet under Latest Card Transactions.
Interest never accrues on Apple Card Monthly Installment balances.
If you see interest charges after you paid your monthly balance
If you see interest charges even after you paid your monthly balance in full, it's likely because you paid your prior monthly balance after the due date. You can set up automatic payments to make sure that you always pay your monthly balance by the due date.
Watch the video to learn how to pay your Apple Card balance.
How interest is estimated
If you're unable to pay your monthly balance by the statement due date, Apple Card makes it easy to see how much you need to pay to lower your interest charges.1 Estimated interest charges are automatically calculated and presented to you any time that you make a one-time payment in the Wallet app.
Interest charge estimates are based on the selected payment amount, taking into account your remaining balance from the previous month, and new purchases in the current month.
Estimates don't include pending transactions, credits received from disputes on purchases made during the current month, or any other purchases or payments that you make before the end of the billing period.
The actual interest charge that you're responsible to pay appears on your monthly statement.
Apple purchases made with Apple Card Monthly Installments are interest-free.2
Interest charges shown on the example payment wheel are only provided for illustrative purposes and may not be an accurate reflection of the actual amount of interest charges on your account. Interest estimates provided in the payment wheel in your account are based on your posted account balance at the time of the estimate and do not include pending transactions or any other purchases you may make before the end of the billing period.
Apple Card Monthly Installments (ACMI) is a 0% APR payment option that is only available if you select it at checkout in the U.S. for eligible products purchased at Apple Store locations, apple.com, the Apple Store app, or by calling 1-800-MY-APPLE, and is subject to credit approval and credit limit. See https://support.apple.com/102730 for more information about eligible products. APR ranges may vary based on when you accepted an Apple Card. Cardholders who accept an Apple Card on and/or after August 1, 2024: Variable APRs for Apple Card, other than ACMI, range from 19.24% to 29.49% based on creditworthiness. Rates as of August 1, 2024. Existing cardholders: See your Customer Agreement for applicable rates and fee. If you buy an ACMI-eligible product by choosing to pay in full with Apple Card (instead of using ACMI), that purchase is subject to the Apple Card variable APR, not 0% APR. Taxes and shipping on ACMI purchases are subject to the variable APR, not 0% APR. When you buy an iPhone with ACMI, you’ll need to select AT&T, Boost Mobile, T-Mobile, or Verizon as your carrier when you check out. An iPhone purchased with ACMI is always unlocked, so you can switch carriers at any time. ACMI is not available for purchases made online at the following special stores: Apple Employee Purchase Plan; participating corporate Employee Purchase Programs; Apple at Work for small businesses; Government and Veterans and Military Purchase Programs; or on refurbished devices. The last month’s payment for each product will be the product's purchase price, less all other payments at the monthly payment amount. ACMI financing is subject to change at any time for any reason, including but not limited to installment term lengths and eligible products. See https://support.apple.com/102730 for information about upcoming changes to ACMI financing. See the Apple Card Customer Agreement for more information about ACMI financing.
To access and use all Apple Card features and products available only to Apple Card users, you must add Apple Card to Wallet on an iPhone or iPad that supports and has the latest version of iOS or iPadOS. Apple Card is subject to credit approval, available only for qualifying applicants in the United States, and issued by Goldman Sachs Bank USA, Salt Lake City Branch.
If you reside in the U.S. territories, please call Goldman Sachs at 877-255-5923 with questions about Apple Card.
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