Large refund and ACMI
TIL (it’s probably buried in the terms somewhere) that if you have a large refund that is larger than your balance it automatically applies that credit to pay off your Apple Card Monthly installments.
I bought and returned a $1200 monitor but only had a few dollars on my balance. So unbeknownst to me it auto-applied this towards my “balance” of my Apple Card monthly installments.
This makes sense from goldmans perspective I suppose since ACMI is a “balance” on the card but this heavily screwed up my cash flow.
I didn’t want those “paid off” since they are 0%.
Now instead of having 12 or 24 months of 0% to pay off I now “owe” it upfront since I had budgeted that monitor refund as cash returned instead of “paying off” the balance. So I no longer have that monitor refund and lost my 0% loan.
Frustrated with this behavior.