What is my total balance on the card and my installments?
Why is there a card balance and installment balance and where does my payment go? To which one or both or? How do I know what is being paid and how much goes to each one?
iPad Air
Question marked as
Your Apple Card balance includes all new spending, as well as any remaining monthly balance. If you have Apple Card Monthly Installments, spending includes the newly billed monthly installment.
That is your card Balance is the entirety of your debt, all purchases and the total installment balance left. The installment balance is the specific balance for whatever it is you bought in installments.
If you buy a $1200 Mac in installments, that's your installment balance. anything else you buy outside of the installments, will add to the card balance.
So if you buy, say a set of towels for $80, your card balance is now $1280.
Your amount due, covers the amount you owe form all purchases including the installment balance.
So if you bought the $80 dollar towels plus the Mac installment of $100 (12 month installments) that month you owe $180. If you pay the $180 it covers both the mac and the towels. If you pay less, it will cover as much as it can. The due amount is not split. So it just applies to the total due amount. The remainder would roll over to the next month and accrue interest.
