What is the minimum payment a month

For information on how the minimum payment is calculated, see the following from the Apple Card Customer Agreement: https://www.goldmansachs.com/terms-and-conditions/Apple-Card-Customer-Agreement.pdf

Starting July 30, 2021, your “Minimum Payment Due” equals the greater of:

• The sum of $25 and any past due amounts; or
• The sum of (i) 1% of the Total Balance (excluding any unpaid Daily Cash Adjustments), plus (ii) any unpaid Daily Cash Adjustments, plus (iii) any interest billed to your Account during that month. The sum of these amounts is rounded up to the nearest dollar, and then any past due amounts are added.

However, if the Total Balance is less than the above calculated amount, then the Minimum Payment Due equals the Total Balance.

If you accept a financing plan offer or offers for particular Transactions, such as Apple Card Monthly Installments, then the process below determines your Minimum Payment Due:

• First, we calculate the payment due for your balances that are not in a financing plan. We use the formula above to make this calculation, but we subtract the financing plan balance or balances from the Total Balance.
• Second, we add any monthly repayment amount calculated pursuant to any financing plan or plans (which will be an amount disclosed to you and accepted by you, in connection with the plan or plans).
• However, your Minimum Payment Due will never be greater than your Total Balance.