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Werewolfdad t1_iyb3lc2 wrote

No. You make the full payment then when you get the refund you’ll have a credit (negative) balance.

You can ask for a check to be mailed to you or just spend it down (up?)

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aholeinthewor1d OP t1_iyb3uuu wrote

ahh ok I didn't even think of that. Is that 100% possible with the Apple Card (Goldman Sachs)?

So you're saying pay the $244 tomorrow which brings my balance to $0. Then once the Amazon refund hits I will be able to withdraw that $244 via a check?

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Werewolfdad t1_iyb43su wrote

Yes

Or just spend it down

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aholeinthewor1d OP t1_iyb83sv wrote

Thanks I did some more research and have a decent idea of how it works now.

One question. What is the downside to just making the minimum payment which is $25 with $4.54 interest? I mean I lose $5 but then I don't have to take another $300 out of my checking, wait for the fund to hit, then call, and then wait for a check or bank transfer. Is there any downside to that?

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t-poke t1_iyb8e2x wrote

The downside is you’re pissing away 5 bucks for no reason.

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Werewolfdad t1_iyb8eqj wrote

> One question. What is the downside to just making the minimum payment which is $25 with $4.54 interest? I mean I lose $5 but then I don't have to take another $300 out of my checking, wait for the fund to hit, then call, and then wait for a check or bank transfer. Is there any downside to that?

You lose your grace period and pay $5 in interest. You could just spend money on the apple card you'd spend on other cards to bring it back to $0

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aholeinthewor1d OP t1_iyb8qte wrote

Just trying to get a better understanding of all the options. I'm still not sure if there are any other downsides other than wasting $5? Does it hurt anything with my card or credit since I only made a min payment and had to pay interest? Sorry if these are dumb questions I never really got into credit cards much

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Werewolfdad t1_iyb8y7o wrote

> I'm still not sure if there are any other downsides other than wasting $5? Does it hurt anything with my card or credit since I only made a min payment and had to pay interest?

Nope, other than $5 and the loss of the grace period temporarily

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ahj3939 t1_iyb86v0 wrote

Yes, otherwise you'll get charged interest for not paying in full.

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aholeinthewor1d OP t1_iyb8gdu wrote

Just trying to understand a little better.. wouldn't I end up only losing the $5 towards interest? Then I'll just have a $5 balance on the account?

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ahj3939 t1_iybax2e wrote

Sure it's about $5 but you also lost your grace period for carrying a balance.

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BlazeDemBeatz t1_iyc1i9j wrote

If you dropped a $5 bill on the street would you be upset?

That sums up what the choice here is.

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