What is the minimum on an Apple Card?

Understanding Minimum Payments on Your Apple Card

As a responsible cardholder, it’s essential to comprehend the minimum payment requirements for your Apple Card. Failure to meet these payments on time can result in penalties, late fees, and a negative impact on your credit score.

Minimum Payment Calculation

The minimum payment for your Apple Card is calculated as the greater of the following:

• $25
• 1% of your statement balance

This amount also includes any applicable fees, interest charges, and past-due amounts.

Balance Below $25

If your statement balance is less than $25, the minimum payment is the full balance. This ensures that you clear your outstanding balance in a timely manner.

Payment Options

To make your minimum payment, you can utilize various channels:

• Online: Log in to your Apple Card account through the Wallet app or Apple Card website.
• Mobile App: Use the Apple Wallet app on your iPhone or iPad.
• Phone: Call Apple Card customer service at (866) 605-8032.
• Automatic Payment: Set up recurring automatic payments through your bank account to avoid any missed payments.

Consequences of Missed Payments

Missing your minimum payment due date can lead to:

• Late fees
• Suspension or cancellation of your Apple Card account
• Negative impact on your credit score

Conclusion

Understanding and adhering to the minimum payment requirements for your Apple Card is crucial for maintaining a positive credit history. By making your payments on time, you can avoid penalties and protect your financial well-being. If you find yourself struggling to meet your minimum payments, don’t hesitate to reach out to Apple Card customer service for assistance.