How many months will the Apple Card give me to pay off $2000?
If I pay for an item that’s 2,000 dollars with my Apple Card, How many months will Apple Give me to pay Off 2000 dollars?
[Re-Titled by Moderator]
iPhone 15 Pro Max, iOS 17
If I pay for an item that’s 2,000 dollars with my Apple Card, How many months will Apple Give me to pay Off 2000 dollars?
[Re-Titled by Moderator]
iPhone 15 Pro Max, iOS 17
If you are asking about a purchase directly from Apple using the interest-free monthly installments option, the number of months depends on the type of item purchased, not the dollar amount of the purchase. Installments must be paid in 6, 12, or 24 months depending on the item purchased. See details in Products you can buy from Apple with Apple Card Monthly Installments - Apple Support
If you are asking about purchases from other vendors, the Apple Card Customer Agreement https://www.goldmansachs.com/terms-and-conditions/Apple-Card-Customer-Agreement.pdf has information about how they calculate the monthly minimum payment. See the following from that Customer Agreement:
Starting July 30, 2021, your “Minimum Payment Due” equals the greater of:
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:
Are you inquiring about Apple Card Monthly Installments (ACMI) depending on the item, 12 months for a $2000 computer or computer related accessories. The only 24 month term item is reserved for iPhones. The payment is simply the amount divided by 12 or 24. Tax must be paid upfront and Apple Care cannot be financed in some instances. The ACMI payments are interest free.
If you purchase outright and don’t use ACMI, you’ll pay interest at a fairly high rate and it’s compounded daily. A $2000 charge paying 30% for 36 months would be about $85 a month.
Apple Card - Monthly Installments - Apple
Products you can buy from Apple with Apple Card Monthly Installments - Apple Support
How to view and pay Apple Card Monthly Installments - Apple Support
How many months will the Apple Card give me to pay off $2000?