Apple Card No Interest

Apple Card No Interest. Apple has a new credit card, and while it's not a ground-breaking product, it's certainly a contender to dominate the cash-back credit cards space—among iPhone users. Monthly payments for a new iPhone from the Apple Store will get bundled into the minimum.

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This interest rate is also charged on EFTPOS/Cash transactions. According to an analysis by WalletHub, the card also charges no fees if you're late paying or go above your credit limit—another bonus. The Apple Card has no annual fees.

Monthly payments for a new iPhone from the Apple Store will get bundled into the minimum.

When you go to make a payment in the Wallet app, Apple Card automatically estimates the amount of interest you pay based on the payment amount you choose.

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It announced the move on its earnings call. Like other credit cards, the Apple Card has a high interest rate for people who carry a balance. The Apple Card has no annual fees.