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Apple Card To Offer Interest-Free Installment Plans For One Year

Apple Card

Apple is currently working on a new installment plan that will allow Apple Card users to purchase Apple products on monthly installments, which can promote the sales of their products. Since 2019, the installment has been applied to the iPhone.

There Would Be An Interest If You Delay The Payment

According to Bloomberg, consumers will soon be able to use credit card installments to purchase iPads, Macs, and AirPods. These products are delivered immediately after purchase, and payments can be completed within twelve months. The purchase amount of the product will be deducted from the Apple Card in monthly installments. If the customer delays the monthly payment, Apple will issue an invoice for the Apple Card with the contracted interest rate and no longer interest-free.

The new installment method is applicable to the iPad, Mac, and accessories such as Apple Pencil, iPad keyboard, and Mac XDR display. AirPods and Apple TV can also be purchased through a six-month installment. Since last year, iPhone users have been able to support installments of up to 24 months. The Apple Card is issued by Goldman Sachs and has been listed in the United States since August 2019. There is no exact date for the new installment payment method, but it is estimated that it will not be too long. It is expected that other countries will also be able to use this payment method to purchase Apple’s hardware products in the future.