Apple offers interest-free financing program to Apple Card holders for purchasing iPhones. Now this 0% program includes more products like iPad, Mac, XDR Display, and other accessories. The company’s CEO, Tim Cook had hinted at the extension of the interest-free iPhone financing program to other products at the Q1 2020 revenue calling in May.
Apple Card 0% financing program is a zero-interest payment method through monthly installments. Previously, card holders could only purchase an iPhone via the financing program on 12 months and 6 months installment plans.
Products on Apple Card Financing Program re
Now Apple Card owners have a range of Apple products to purchase on monthly installments. Devices are available two types of installment plans in which card holders only pay once a month with zero interest added to the value: 12 months and 6 months. Here is a list of all the things available on the financing program.
Device available on 12 months interest-free installments
- iPad line-up: iPad Pro, iPad Air, iPad, and iPad mini
- Mac: MacBook Air, MacBook Pro, iMac, iMac Pro, Mac Pro, and Mac mini.
- XDR Display
- Apple Pencil
- iPad Keyboard
- Pro Stand, VESA Mount Adapter
- Apple Afterburner Card
- Apple Branded iPad Cover
- Apple Branded Mac Cover
Devices available on 6 months interest-free installments
- Apple TV
In partnership with Goldman Sachs, the company introduced Apple Card in August 2019 in the United States. The credit card offers many innovative features to monitor and manage spendings and incentives such as deferred payments program, daily cash backs, no fees, financing programs, and more. Users of iPhones on iOS 12 and above can easily apply for the card directly from the wallet app in their smartphones.
The iPhone maker quietly updated the financing program with more products available on the interest-free monthly installments plan. The report of the program’s update was shared in June. This might lead to an increase in sales of the company’s products and its card holders, especially at this time of low consumer spendings due to COVID-19 pandemic in the United States.
Recently, the service was updated with a web portal, limited-time $50 cashback offer, and more. Currently, Apple Card is available only in the United States and there are no indications by the company of expanding it to more regions.