Apple Card Owners Will be Able to Purchase an iPhone and Pay Over 24 Months With No Interest Starting Later This Year

During today's earnings call for the fourth quarter of 2019, Apple CEO Tim Cook announced a new feature that's coming to Apple Card later this year -- fee free iPhone payments.

Customers will be able to purchase a new ‌iPhone‌ using ‌Apple Card‌ and pay for it over 24 months with no interest. Customers will continue to get three percent cash back for the purchase as well.


There's no specific word on when the ‌iPhone‌ payment plan will be available, but Cook did say that it's coming this year, so it could perhaps be introduced ahead of the holiday season.

Cook said that Apple has been "thrilled" with the reception to ‌Apple Card‌ since its August launch. He said that Apple believes it was the "most successful launch of a credit card in the United States ever."

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16 weeks ago
Waiting for the Pro version.
Rating: 29 Votes
16 weeks ago
Great news! Barclays Card and Citizen One loan are nearing their end.
Rating: 11 Votes
16 weeks ago


Isn’t this what I’m already doing essentially? Paying the installment every month via Apple Card.


Not unless your Apple card came with 0% interest.
Rating: 8 Votes
16 weeks ago
I'd rather buy it with a card that extends the warranty by a year....worked out well for me in the past with iPhone 6 repair (Discover).
Rating: 7 Votes
16 weeks ago
Isn’t this what I’m already doing essentially? Paying the installment every month via Apple Card.
Rating: 7 Votes
16 weeks ago


Isn’t this what I’m already doing essentially? Paying the installment every month via Apple Card.


Yeah but with this new option you won’t have to deal with Citizens Bank. This also might not be the same as the iPhone Upgrade Program where you have an annual upgrade. iUP also does a hard credit check, this new option likely doesn’t need to.
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Interesting. I was thinking about using my Apple Card to "buy" an iPhone financed over 24 months and just pay it off monthly, this looks like the equivalent minus the middle man.
So really no different...right?


What do you mean pay it off monthly? If you carry a balance, you pay interest. If you “pay it off” you’re not paying for it monthly.

Just trying to figure out exactly what you mean. This new option means no interest. If you do it your way without this new method you’d be paying interest.
Rating: 6 Votes
16 weeks ago
Interesting. Will you be able to upgrade every 12 months?
Rating: 5 Votes
16 weeks ago
I think that Apple should extended it to the Mac line also. You could buy a Mac for $2400 and you only have to pay $100 dollars a month and you own the computer interest free in 2 years. People spend more money on food or entertainment monthly. And you have a great computer to use for many years.

Or you wanted a new Mac Pro Tower it would only cost you $250 a month. You could do $250 a month work on it and the Mac Pro would end up free. :)
Rating: 5 Votes
16 weeks ago
Great but when is the card going to become available outside the US
Rating: 5 Votes
16 weeks ago
I’m assuming the current payments system is financed through citizens one and you attach a card to pay citizens one.

Where as this new plan cuts out the middleman (citizens one).
Rating: 4 Votes

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