UniqueGuy

No, you’re not interpreting it correctly. 

Here’s how it will work for this month (August 2019):

The billing period will end on 8/31.  The next day, on 9/01, your August “statement” will be generated and you will know your statement balance. You’ll then have until the end of 9/30 to pay your August statement balance. So Apple Pay cardholders will always have at least 27 days to pay before they’ll start incurring interest charges on the previous month’s purchases (actually 28 days if you start counting at the last day of the billing period). 

So Apple Card will actually have the longest grace period in the industry. 

Read the Terms & Conditions to see for yourself (you can do this without having applied for the card). 

Thinking about this a bit more, the Goldman Sachs IT systems will have to work a whole lot harder than just about any other credit card company.

Most companies spread out their cardholders’ statement dates throughout the month, then take a few days to generate the statements. GS will have to do all the statements at the same time, and all of them in a single night!!  

That’s got to be a bear. I wouldn’t want to be in their ops center at month-end...

Well I’ve had a different problem with an order I placed directly on Sonos.com.  They charged my Apple Card and yet haven’t shipped my order.  Their web site said the items were in stock and would ship within 1 day, but it’s been 10 days so far.