How to view and pay Apple Card Monthly Installments

Learn about Apple Card Monthly Installments, view them in Wallet, and see how to pay each month.

If you're experiencing financial hardship due to the COVID-19 pandemic, you can enroll in our Customer Assistance Program which allows you to skip your Apple Card payment due in May without incurring any interest.

See details for Apple Card Monthly Installments in the Wallet App

Apple Card Monthly Installments are the new, easy way to buy an iPhone and pay over time, with interest-free, low monthly payments.1 And you get 3% Daily Cash all up front when your iPhone ships or when you buy a new iPhone at an Apple store.

You can use Apple Card Monthly Installments to buy more than one iPhone. Each new iPhone you buy has its own Apple Card Monthly Installments plan. The amount you finance for each iPhone is subtracted from your available Apple Card credit. The number of devices you can buy with Apple Card Monthly Installments is only limited by your available credit.

What you need

Have an Apple Card account with enough available credit to cover the cost of your new iPhone. If your Apple Card application is approved with insufficient credit to cover the cost of your new iPhone, see what you can do.

To see and manage your Apple Card Monthly Installments, update to iOS 13.2 or later. On iOS 13.1 or earlier, you can't see your installment details and Total Balance includes the total amount you finance.2 If you pay your Total Balance, the total amount you finance with Apple Card Monthly Installments is included in that amount.

How monthly installments are calculated

The total amount you finance for your new iPhone is divided into 24, interest-free monthly installments. Each installment is included in your Apple Card minimum payment and is due every month for 24 months.

The total amount you finance increases if you buy an AppleCare+ plan. If you use Apple's Trade In program, your total financed amount decreases by the amount you get for your old iPhone.

Taxes and shipping are billed to your Apple Card and are subject to your Apple Card variable APR. Taxes and shipping aren't included in your monthly installments.

Monthly installments and your Apple Card balance

Your Apple Card balance includes your monthly installment. If you use the payment wheel to pay at least your minimum payment due, your monthly installment is included.

If you don't have iOS 13.2 or later, the payment wheel won't show that your Apple Card Monthly Installments are interest-free.2 However, your monthly statement will show that your installment balance is interest-free. 

When you get Daily Cash

When you buy a new iPhone with Apple Card Monthly Installments, you get 3% Daily Cash on the total amount you finance. This includes taxes and shipping charges.

You get your Daily Cash when your iPhone ships or when you buy your iPhone at an Apple store.

When your monthly installments start

Apple Card Monthly Installments are billed to your Apple Card statement on the last day of the month. Your first monthly installment is billed at the end of the same month your iPhone ships or you pick up your phone at the Apple store.

View your Apple Card Monthly Installments in the Wallet app

See your Apple Card Monthly Installments

When you buy an iPhone with Apple Card Monthly Installments, you get a notification on the iPhone or iPad you use to manage your Apple Card. You can tap the notification and unlock your device to see your monthly installment details.

You can also find installment details when you:

  1. Open the Wallet app and tap Apple Card.
  2. Tap the more button .
  3. Tap Installments. If you have multiple monthly installment plans, tap the one you want to see.

To see more details, tap Total Financed.

Pay your monthly installment

Each Apple Card Monthly Installment is included in your minimum payment for Apple Card. When you pay your minimum payment each month, you automatically pay the monthly installment for each of your Apple Card Monthly Installments plans.

Pay your Apple Card Monthly Installment in the Wallet app

Pay early

If you want to pay extra on your Apple Card Monthly Installments, you can Pay Early. Before you can Pay Early, you need to pay your entire Apple Card balance.

To Pay Early:

  1. Open the Wallet app and tap Apple Card.
  2. Tap the more button , then tap Monthly Installments. If you have multiple monthly installments, you see the balance for all of your monthly installments.
  3. Tap Pay Early, then tap Continue.
  4. Choose an amount to pay, then tap Pay Now or Pay later and follow the instructions on your screen.

If you don't pay a monthly installment, you aren't charged a fee or interest. To keep your account in good standing, pay your monthly installments on time as part of your Apple Card minimum payment due every month.

View your Apple Card Monthly Installment payment history

  1. Open the Wallet app and tap Apple Card.
  2. Tap Monthly Installments.
  3. If you have multiple Apple Card Monthly Installments, tap the iPhone you want to view monthly installments for.

You see the total you've paid towards monthly installments so far, the total amount that still needs to be paid, and the Total Financed amount. You also see the date and time that your next monthly installment is due and the amount of the next installment.

View your monthly installment details screen in the Wallet app

What's included on the monthly installments details screen

When you go to the monthly installments details screen, you can see:

  • Total Paid with the amount you've paid toward monthly installments so far
  • Total Remaining with the amount you still owe on your monthly installments
  • Total Financed with the amount of monthly installments you've been billed for

If you tap Total Financed, you also see:

  • A description of the device you purchased with the monthly installments plan and the price, and the monthly installment ID below in parenthesis
  • A description of services you purchased, like AppleCare+ with Theft and Loss, and the price
  • The amount charged to your Apple Card
  • How much Daily Cash you received

If you used Apple's Trade-in Program, you can also see your estimated trade-in refund, and your taxes and shipping costs.

If you return a purchase made with Apple Card Monthly Installments

Your existing monthly installments are closed and the Daily Cash you received is charged to your Apple Card. The Apple Card Monthly Installment associated with the return is credited up to the remaining amount of that installment balance. Any remaining credit is applied to your Apple Card account to cover other transactions you might have made.

  1. Variable APRs range from 10.99 percent to 21.99 percent based on creditworthiness. Rates as of April 1, 2020.
  2. The interest estimator will not reflect that your Apple Card Monthly Installment Balance has a 0% APR if your device does not have iOS 13.2 or later. However, your periodic statement will accurately reflect the 0% APR on your installment balance.

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