Interest Rates for Apple MasterCard

Credit Limits

As with any other credit card, there is a credit limit for Apple Card that will vary from person to person. A better credit score means a higher credit limit, and credit limit also increases over time. INTEREST RATES FOR APPLE MASTERCARD

Making Payments

You’ll be able to pay your Apple Card balance using a linked bank account or Apple Cash in the Wallet app. 

Multiple Users

There is no option for multiple users or sharing cards at this time. There’s one card per person and one card per account. 


Apple says there are no annual fees, international fees, fees for making a late payment or fees for exceeding your credit limit. 

There may be no late fees, but if you make a late or miss one payment, Apple says this will result in “additional accumulating toward your balance.” That means making a late payment will not result in penalty rates, aka increased interest rates. You’re still going to have to pay interest on the outstanding balance, and a late payment will impact credit score, but interest rates won’t increase. 

There are no foreign transaction fees, but the exchange rate for foreign transactions is determined by Mastercard. 

Interest Rates for Apple MasterCard

Apple says Apple Card will offer an APR between 13.24 percent and 24.24 percent based on your credit score. On the low end, that’s lower than the national average APR of 17.67 percent, so the card will be a good deal for those with high credit scores. 

Since 15-years later, Apple rewards Apple Card users with 3% cash-back when purchasing Apple hardware, products or services. Eventually it seems possible the cash back on your Apple product purchases will become a means of exchange for your next ride in your friendly neighbourhood Apple Car.

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