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
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.
If you don’t have any credit, good luck ever getting a home loan.
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.