Apple Card Monthly Installments Term for Apple Watch to Change From 24 Months to 12 Months

Starting August 15, the Apple Card Monthly Installments term for new Apple Watch purchases will change from 24 months to 12 months, according to fine print on Apple's website. This means each payment will be higher, but the Apple Watch will be paid off faster.

apple watch se 2022
In a recently updated support document, Apple also says a carrier connection with AT&T, T-Mobile, or Verizon will be required at the time you purchase an iPhone with Apple Card Monthly Installments starting August 15.

Apple Card Monthly Installments is an interest-free financing option available for most Apple products purchased with the Apple Card on Apple.com and at Apple retail stores. Customers can view their monthly installments, remaining balance, and payment history in the Wallet app, and the balance can be paid off in full at any time.

Apple offers a 24-month installment term for iPhones, a 12-month term for Macs and iPads, and a six-month term for AirPods and Apple TVs. Other eligible products and accessories are outlined in a support document on Apple's website.

(Thanks, Brandon Fawcett!)

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Top Rated Comments

ethanwa79 Avatar
13 months ago

I wish every item is 12-month. 24-installment plan is simply too long for an iPhone.
No interest on 24 months is an amazing deal. Why would anyone NOT want that? Especially since most people don’t upgrade yearly.
Score: 37 Votes (Like | Disagree)
TheYayAreaLiving ?️ Avatar
13 months ago
This means Apple wants you to pay off and upgrade your Apple Watch every single year. Every 12 months or so. Furthermore, It's interest-free so you can't beat that.
Score: 32 Votes (Like | Disagree)
SDJim Avatar
13 months ago
Probably shouldn't be taking 2 years to pay off a watch anyway...

Glad this is still an option, though, it's definitely a nice perk of the Apple Card, IMO.
Score: 24 Votes (Like | Disagree)
Apple_Robert Avatar
13 months ago

I wish every item is 12-month. 24-installment plan is simply too long for an iPhone.
There is nothing preventing someone from paying off the loan early. The problem is too many people get in over their head with the enticement of small monthly payments.
Score: 23 Votes (Like | Disagree)
Orange Bat Avatar
13 months ago
I wish the computers were 24 months. It would make the decision to upgrade a lot easier. I would totally go for a Mac Studio with that deal.
Score: 23 Votes (Like | Disagree)
Böhme417 Avatar
13 months ago

I wish every item is 12-month. 24-installment plan is simply too long for an iPhone.
It always struck me a little odd that the iPhone plans were 24 months, but Macs are 12. Like, you need to stretch a $1k phone out over two years, but you should pay off a $3k MBP in one?
Score: 22 Votes (Like | Disagree)