Apple today made its Apple Card interest-free monthly installment payment plan option available for the Apple Watch for the first time, allowing U.S. Apple Card holders to pay for the Apple Watch over time with interest-free payments.
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When purchasing an Apple Watch using Apple Card Monthly Installments, users will make one installment payment each month for twenty four months, which is the same purchase plan available for iPhone. Apple Card users also earn the three percent standard Daily Cash back for purchases through Apple.
Apple in June made interest-free monthly installment plans available for Macs, iPads, and other Apple products, but the Apple Watch was not included as an eligible purchase option until today, as noted in a new support document.
The new Apple Card Monthly Installment option for Apple Watch is prominently displayed when making an Apple Watch purchase from the online Apple Store or the Apple Store app.
A standard $399 Apple Watch Series 6, which is the entry-level pricing, costs $16.62 per month when using the Apple Card payment option.
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Top Rated Comments
These devices aren’t cheap and the S5 and S6 appear to be incremental rather than revolutionary updates. People are going to hold onto their devices for longer unless they have a quick and easy way to get money from their old watch.
And since it is true this is very big news. Expect to see big market share growth for Apple Watches in the wearables market and the doubling down on making the Apple Watch a Health-Focused device rather than media consumption/interaction device will justify this purchase for a lot of people who needed a reason to finally get on board.
thank you Apple, the blood oxygen sensor is the reason I’ll finally be jumping onboard and getting my first Apple Watch