Apple Card base APR lowered by 2% for some usersSome users are reporting that their rate has changed...
What you need to know
Several users are reporting that their Apple Card interest rate has changed.
It seems the rate may have dropped from 12.49% to 10.99%.
The move may be a response to the coronavirus pandemic.
A report suggests that several Apple Card users are seeing their interest rates dropping from 12.49% to 10.99%.
According to MacRumors:
Following two interest rate cuts by the U.S. Federal Reserve in March, the Apple Card's base APR has now decreased from 12.49 percent to 10.99 percent for some cardholders, including MacRumors reader Zed and others on Reddit.
This is at least the third time that the Apple Card's APR range has been lowered since the credit card launched in August 2019.
Apple has also recently stated that Apple Cardholders will be able to defer their April payments without interest due to the coronavirus pandemic, having done the same thing in March. from that report:
If you're an Apple...
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Apple Card base APR lowered by 2% for some users
