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Re:Apple announces Apple Card credit card by V99 on Monday March 25, 2019 @01:58PM (#19484870)
They showed interest calculation while deciding how much to pay, so there's definitely interest. But not penalty rates or late fees.
Re:Apple announces Apple Card credit card by pcurve on Monday March 25, 2019 @07:34PM (#19487813)
There is definitely penalty fee for not paying balance in full. In the video, the fee appeared to be around $20.