Learn how to pay off your Apple Card bill to avoid or lower interest charges. Show
See the impact of interest chargesApple Card1 makes it easy to see how much you need to pay to lower or avoid interest charges2 on your balance. When you go to make a payment in the Wallet app, Apple Card automatically estimates the amount of interest you pay based on the payment amount you choose. Interest charge estimates are based on the selected payment, taking into account your remaining balance from the previous month, plus new purchases this month at the time you view your account balance. Estimates don't include pending transactions, credits received from disputes on purchases made during the current month, or any other purchases or payments you might make before the end of the billing period. The actual interest charge each month appear on your monthly statement. If you bought a new iPhone with Apple Card Monthly Installments, your purchase is interest-free.3 Watch the video to learn how to pay your Apple Card balance > How to avoid interest chargesTo avoid being charged interest, pay your monthly balance every month on or before the due date. You know you're paying enough if the payment wheel turns green or blue. For example:
How your payments affect interest chargesIf you pay your full monthly balance by the end of every month, you aren't charged interest. If you pay the prior month’s balance in full, then pay less than your full monthly balance by the end of the month, you're only charged interest on the unpaid portion up until the date you pay it off. To avoid seeing interest charges completely, pay your monthly balance in full by the due date for two consecutive months. If you see interest charges on the payment wheel after you paid your monthly balanceIf you previously didn’t pay your monthly balance in full but you’ve paid the full balance now, you might have been charged interest. That interest was charged on the portion of your unpaid monthly balance and accrued until you paid the balance in full. If you pay your monthly balance in full, you're no longer charged interest from that point forward. To make sure you always pay your monthly balance on time, you can set up Scheduled Payments. Make the Maximum PaymentThe maximum payment represents the total balance on your account at that time, minus any pending transactions. It includes all new transactions cleared in the current month. If you have accrued interest charges, these are also included. If you pay the maximum, it can help you stop additional interest charges. To make the Maximum Payment, follow these steps:
If you only have Apple Card Monthly Installments, the maximum payment includes the monthly installment due for that month. To pay off the Total Remaining balance for your Apple Card Monthly Installments, you can choose to
Pay Early. * The payment due date shown in Wallet reflects your current timezone setting on iPhone. Pay your monthly balanceIf you pay off your monthly balance each month on or before the due date, you won’t accrue interest. To pay your monthly balance:
To set up automatic recurring payments to pay off your monthly balance:
If you bought a new iPhone with Apple Card Monthly Installments, your monthy installment is included in your minimum payment due every month. * The payment due date shown in Wallet reflects your current timezone setting on iPhone. If you pay less than your monthly balanceIf you choose to pay less than your monthly balance, Apple Card automatically estimates the interest you could be charged based on your selected payment amount. The payment wheel has notches that show payment suggestions to help you pay down your balance. When you choose an amount that is lower than your monthly balance, the payment wheel turns orange or red. Any remaining balance and associated interest charges carry over to the next month. * The payment due date shown in Wallet reflects your current timezone setting on iPhone.
Information about products not manufactured by Apple, or independent websites not controlled or tested by Apple, is provided without recommendation or endorsement. Apple assumes no responsibility with regard to the selection, performance, or use of third-party websites or products. Apple makes no representations regarding third-party website accuracy or reliability. Contact the vendor for additional information. Published Date: August 15, 2022 Can you pay off Apple Card in full?It does not allow you to pay off balance. To pay extra on your Apple Card Monthly Installments, you need to first pay your entire Apple Card balance. Then, to make an additional payment towards your installment balance, choose Pay Early.
How do I pay off my Apple Card balance?Open the Wallet app on your iPhone and tap Apple Card. Tap Pay. Hold and slide the payment wheel to choose a payment amount. Tap Pay Now to instantly make your payment, then follow the instructions on your screen.
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