Apple today expanded its Apple Card interest-free monthly installment payment plan across much of its U.S. online store, allowing users to pay for Macs, iPads, and other Apple products over time. In addition to the interest-free payments, users also earn the standard 3% Daily Cash for purchases through Apple.
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The new option is available on checkout pages for individual products, with some products like Macs and iPads available with 12-month interest-free installments, and others like Apple TV, AirPods, and HomePod can be paid off over six months. Notably, Apple Watch and iPod touch are not eligible with the interest-free financing.
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Tim Cook announced on Apple's April 30 earnings conference call that the company would be expanding the Apple Card Monthly Installments plan beyond the iPhone, and just over a week ago, Bloomberg shared details on what it would cover.
Top Rated Comments
(View all)Edit: Yes. $416.58/mo for 12 months.
I am happy for this news though!
Edit: You get the cash back AND the financing? Nice.
No. Use credit wisely by pay credit cards in full each month to avoid paying interest.I came here to speak on behalf of Dave Ramsey.
yes, use cash.
If you don’t have any credit, good luck ever getting a home loan.
Not sure how much time value there is in this era of zero / negative interest rates.That’s awesome. Would love to see this in Scandinavia. Given that it’s interest-free it makes a no brainer for a Mac purchase. Time value of money.
Also, if you don’t have the money to buy in full at time of purchase, then you’ll have additional stress until it’s paid off.
Personally, I won’t go into debt over anything that isn’t a house or primary vehicle. I like having zero credit card debt. Saved $100/month for 3 years to buy my last MBP in 2017. I still used a credit card in order to get cash back and double the factory warranty though.