(Pocket-Lint) – Apple offers interest-free monthly payments for Mac purchases made via the iPhone, iPad, AirPods or Apple Card in the United States.
We’re focusing on the Apple Card financing option here, giving you a run-down of the monthly installment plan below to help you figure out if it’s right for you.
How to finance your Apple device
Apple’s “monthly installment” financing option divides the cost of your new iPhone, iPad, AirPod or Mac into six, 12 or 24 interest-free monthly payments.
You can use an Apple Card to purchase multiple items, although the amount you can buy is limited by the credit you have available.
To shop for Apple Card monthly installments:
Apple card Monthly installments Available for purchase through Apple Stores, Apple.com, and the Apple Store app. Simply select the option to use your Apple Card as a payment option during checkout.
To view and manage your Apple Card monthly installments:
- Make sure you are running the latest version of iOS on your iPhone
- Open the Wallet app.
- Select your Apple card.
- Tap the button with three dots in the top right corner
- Select the installment to see a summary of your monthly installments.
The installment screen shows you the remaining balance, your due date, the amount of your next monthly installment and your monthly payment history. There’s also a Pay Early option, but you’ll need to pay your entire Apple Card balance first to use this feature. If you choose Total Financed, you can review information such as how much cash you received daily.
To learn more about how Apple cards work, including how to get started and find your credit line, go here.
Which device can you finance?
You can get up to 24 months of funding depending on the Apple device.
- New iPhone: 24 months
- New MacBook or iMac: 12 months
- New iPad or iPad Pro: 12 months
- New AirPods or AirPods Pro: Six months
- New Homepod: Six months
- New Apple TV: Six months
Are there any fees or interest?
Apple says your bill does not include any hidden fees or interest.
When will you be billed each month?
You will see your monthly installment bill on your Apple Card statement on the last day of each month. AppleCare + can be bundled with your device as part of a monthly installment. Either way, you’ll see the total amount of your minimum arrears added each month.
Are there any rewards for financing?
For every purchase with an Apple Card, you’ll get 3 percent cash back daily.
Is it different from Apple’s upgrade program?
Apple offers interest-free financing through its iPhone upgrade program, but with the Apple Card plan, you’ll get some additional benefits, including cash back, the ability to manage payments in the Wallet app, and no delay fees.
Apple also offers Apple Card users Options To trade on current Apple devices when trying to finance. If their trade-in is accepted, they will be eligible to pay less per month.
Who can use Apple Card monthly installment?
Funding is available for new and existing Apple Card customers in the United States.
Written by Maggie Tillman. Edited by Chris Hall.
