Apple offers interest-free monthly payments for iPhone, iPad, AirPods, or Mac purchases made with anApple Card, for those in the US.
We’re focusing on the Apple Card financing option here, giving you a run down of the monthly installment plan below to help you work out if it’s right for you.
How to finance your Apple device
Apple’s “Monthly Installments” financing option divides the cost of your newiPhone, iPad,AirPods, or Mac into six, 12, or 24 interest-free monthly payments.
you’re able to use Apple Card to buy more than one item, although the amount you can buy is limited by your available credit.
To make a purchase with Apple Card Monthly Installments:
Apple CardMonthly Installmentsare available for purchases made at Apple Stores, Apple.com, and through the Apple Store app. Simply select the option to use your Apple Card as the payment option during checkout.
To see and manage your Apple Card Monthly Installments:
The installments screen shows you the remaining balance, your due date, the amount of your next monthly installment, and a history of your monthly payments. There is also a Pay Early option, but you’ll need to pay off your entire Apple Card balance first to use this feature. If you select Total Financed, you can review information like how much Daily Cash you received.
To learn more about how Apple Card works, including how to get started and find out your credit line,go here.
Which devices can you finance?
you’re able to get financing for up to 24 months, depending on the Apple device.
Are there any fees or interest?
Apple said there are no hidden fees or interest included in your bill.
When will you be billed every month?
You’ll see your monthly installments billed to your Apple Card statement on the last day of the month, every month. AppleCare+ can be bundled with your device as part of the monthly installments. Either way, you’ll see the total amount added to your minimum due every month.
Are there any rewards for financing?
For every purchase with the Apple Card, you receive 3 per cent Daily Cash back.
Is this different from Apple’s upgrade program?
Apple offers interest-free financing through its iPhone Upgrade Program, but with the Apple Card plan, you get a few additional perks, including cash back, the ability to manage payments in the Wallet app, and no late fees.
Apple also offers Apple Card users theoptionto trade in current Apple devices when attempting to finance. If their trade-in is accepted, they’ll be eligible to pay less per month.
Who can use Apple Card Monthly Installments?
Financing is available to new and existing Apple Card customers in the US.
