I understand that if I don't pay the monthly payment in full, I'll accrue interest on my phone. But does this apply to other payments using the card? Let's say that I pay monthly installments of $90 a month, but I make purchases with the card that bring it over $90. If I only pay the $90 and not the rest, will I still accrue interest?
If you don't pay your monthly balance in full each month, you will accrue interest. The exception to that is interest never accrues on Apple Card Monthly Installment balances.
See information in How to avoid or lower Apple Card interest charges - Apple Support
and
Apple Card - Monthly Installments - Apple
If you don't pay your monthly balance in full each month, you will accrue interest. The exception to that is interest never accrues on Apple Card Monthly Installment balances.
See information in How to avoid or lower Apple Card interest charges - Apple Support
and
Apple Card - Monthly Installments - Apple
Any month in which there is an unpaid balance will mean interest is accrued that month.
How to avoid or lower Apple Card interest charges - Apple Support
Yes.
The details of how interest is charged - and how the grace period is determined - is detailed here:
https://www.goldmansachs.com/terms-and-conditions/Apple-Card-Customer-Agreement.pdf
The Apple Card Monthly Installment is lumped into the minimum due payment. In your example, if the ACMI is $90 and the calculated amount from monthly charges, are added together and become the minimum due shown on your monthly statement. It’s also shown on the payment calculator in the Apple Card in your Wallet app.
If you fail to pay the full minimum due, $90 + monthly minimum, you risk having your account suspended, closed etc. You must pay the minimum due as shown on your monthly statement. Missing a payment or not paying minimum due amount will also result in interest being charged on full installment.
Apple Card Monthly Payments
