How to avoid or lower Apple Card interest charges

Stop new interest charges by paying your monthly balance in full every month on or before the due date.

Monthly balance paid in full 

To avoid being charged interest, pay your monthly balance in full every month on or before the due date.

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 scheduled 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 >

Pay an amount less than your minimum monthly balance in the Wallet app

How interest is estimated

If you're unable to pay your monthly balance by the statement due date, Apple Card1 makes it easy to see how much you need to pay to lower your interest charges.2 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, plus new purchases this 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.3

  1. Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch.
  2. Interest estimates are based on your posted account balance at the time of the estimate and do not include pending transactions or any other purchases you might make before the end of the billing period.
  3. Variable APRs range from 13.99% to 24.99% based on creditworthiness. Rates as of October 1, 2022.

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