Important Changes to Your Account Terms

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"Important Changes to Your Account Terms"

"We are making some important changes to your Apple Card.&nbsp; Effective July 30, 2021, we are changing the minimum payment due calculation.&nbsp; Other changes become effective on May 24, 2021.\r\nExcept for these changes, the rest of your Apple Card Customer Agreement remains unchanged.&nbsp; Please read your updated Apple Card Customer Agreement carefully. You can find it in Apple Wallet or at&nbsp;<a href=\"https://card.apple.com/\">card.apple.com</a>.\r\nAccount Changes - Effective May 24, 2021\r\nWe are making changes that are part of your Customer Agreement and apply to any balance on your account. We are summarizing these changes below.\r\nShare your account with your Family Sharing group.&nbsp;We are adding the ability to share Apple Card, and we explain how sharing works and your responsibilities if you choose to share.&nbsp;\r\nContacting you.&nbsp;We are clarifying how we may contact you and what technologies we may use to contact you.\r\nLocation of the Prime Rate.&nbsp;Your standard APR for purchases continues to vary based on the Prime Rate. We are clarifying how to find the current Prime Rate in the Wall Street Journal.\r\nOther changes.&nbsp;We are making clarifications, formatting corrections, and other minor changes.\r\nCHANGE TO YOUR MINIMUM PAYMENT DUE – Effective July 30, 2021\r\nThis change will be made to your Apple Card on July 30, 2021. Your minimum payment due each month will include all unpaid Daily Cash Adjustments instead of your existing minimum payment due, which only includes Daily Cash Adjustments that were billed that month. We do not charge interest on Daily Cash Adjustments.&nbsp;\r\nOn July 30, 2021 the Minimum Payment Due calculation below will begin to apply:\r\nYour&nbsp;“Minimum Payment Due”&nbsp;equals the greater of:\r\n<ul>\r\n<li>The sum of $25 and any past due amounts; or</li>\r\n<li>The sum of (i) 1% of the Total Balance (excluding any unpaid Daily Cash Adjustments), plus (ii) any unpaid Daily Cash Adjustments, plus (iii) any interest billed to your Account during that month. The sum of these amounts is rounded up to the nearest dollar, and then any past due amounts are added.&nbsp;</li>\r\n</ul>\r\nHowever, if the Total Balance is less than the above calculated amount, then the Minimum Payment Due equals the Total Balance.\r\nIf 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:\r\n<ul>\r\n<li>First, we calculate the payment due for your balances that are not in a financing plan.&nbsp; We use the formula above to make this calculation, but we subtract the financing plan balance or balances from the Total Balance.</li>\r\n<li>Second, we add any monthly repayment amount calculated pursuant to any financing plan or plans (which will be an amount disclosed to you and accepted by you, in connection with the plan or plans).</li>\r\n<li>However, your Minimum Payment Due will never be greater than your Total Balance.</li>\r\n</ul>\r\n \r\n \r\n\r\n<h5>Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch. \r\n \r\nGoldman Sachs Bank USA, Salt Lake City Branch, Lockbox 6112, P.O. Box 7247, Philadelphia, PA 19170-6112.</h5>\r\n"

We are making some important changes to your Apple Card.&nbsp; Effective July 30, 2021, we are changing the minimum payment due calculation.&nbsp; Other changes become effective on May 24, 2021.
Except for these changes, the rest of your Apple Card Customer Agreement remains unchanged.&nbsp; Please read your updated Apple Card Customer Agreement carefully. You can find it in Apple Wallet or at&nbsp;<a href="https://card.apple.com/">card.apple.com</a>.
Account Changes - Effective May 24, 2021
We are making changes that are part of your Customer Agreement and apply to any balance on your account. We are summarizing these changes below.
Share your account with your Family Sharing group.&nbsp;We are adding the ability to share Apple Card, and we explain how sharing works and your responsibilities if you choose to share.&nbsp;
Contacting you.&nbsp;We are clarifying how we may contact you and what technologies we may use to contact you.
Location of the Prime Rate.&nbsp;Your standard APR for purchases continues to vary based on the Prime Rate. We are clarifying how to find the current Prime Rate in the Wall Street Journal.
Other changes.&nbsp;We are making clarifications, formatting corrections, and other minor changes.
CHANGE TO YOUR MINIMUM PAYMENT DUE – Effective July 30, 2021
This change will be made to your Apple Card on July 30, 2021. Your minimum payment due each month will include all unpaid Daily Cash Adjustments instead of your existing minimum payment due, which only includes Daily Cash Adjustments that were billed that month. We do not charge interest on Daily Cash Adjustments.&nbsp;
On July 30, 2021 the Minimum Payment Due calculation below will begin to apply:
Your&nbsp;“Minimum Payment Due”&nbsp;equals the greater of:
<ul>
<li>The sum of $25 and any past due amounts; or</li>
<li>The sum of (i) 1% of the Total Balance (excluding any unpaid Daily Cash Adjustments), plus (ii) any unpaid Daily Cash Adjustments, plus (iii) any interest billed to your Account during that month. The sum of these amounts is rounded up to the nearest dollar, and then any past due amounts are added.&nbsp;</li>
</ul>
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:
<ul>
<li>First, we calculate the payment due for your balances that are not in a financing plan.&nbsp; We use the formula above to make this calculation, but we subtract the financing plan balance or balances from the Total Balance.</li>
<li>Second, we add any monthly repayment amount calculated pursuant to any financing plan or plans (which will be an amount disclosed to you and accepted by you, in connection with the plan or plans).</li>
<li>However, your Minimum Payment Due will never be greater than your Total Balance.</li>
</ul>
 
 

<h5>Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch. 
 
Goldman Sachs Bank USA, Salt Lake City Branch, Lockbox 6112, P.O. Box 7247, Philadelphia, PA 19170-6112.</h5>

Accessibility Notice:&nbsp;A&nbsp;<a href="/transcript-requests">transcript is available&nbsp;</a>for any video on this page.

Important Changes to Your Account Terms

Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch. Goldman Sachs Bank USA, Salt Lake City Branch, Lockbox 6112, P.O. Box 7247, Philadelphia, PA 19170-6112.

Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch.

Goldman Sachs Bank USA, Salt Lake City Branch, Lockbox 6112, P.O. Box 7247, Philadelphia, PA 19170-6112.