Apple Card 0% Financing Now Available for Mac, iPad, and More

[Ethosik]

Would like to use it but for some reason GS only gave me a $3,000 credit limit when I applied last August although all my other cards have $12,000 or more. I like to use my Apple Card for my daily purchases and pay it off every month so if I were to get a $2,800 MBP with this, that would mean I would be left with a whopping $200 on my Apple Card to spend, a little more every month obviously but not at all sufficiently to cover my spending so then I’d have to use another card which I don’t want to do.

Yep same here. I don't have that much of a credit line.

 

[4jasontv]

...that's the entire point. If you're not a regular purchaser of Apple products and were going to open a new card, this probably isn't the best card. IMO, you go with something that will give you a solid 0% intro period and welcome bonus for the Mac, and better long term benefits that will be more impactful. If you regularly purchase Apple products, 0% installments and 3% cash back all the way.

And if you don’t fly regularly than a delta sky miles card isn’t the best card. Of course this is for people who purchase Apple products. It doesn’t matter what else you use credit for.

However, if you do purchase a, as in one, Apple product than this card is a better deal than any other card that doesn’t offer 0% financing.

 

[newyorksole]

I didn't like Apple's iPhone Installments through citizen's one. Almost no direct control over payments; all you can control is which card to they are going to autopay from and you have to call to do anything else.

As I've gotten older, I'm caring less and less about having the latest tech. If I didn't have my 11 Pro Max and was in the market at this moment, I would cash buy the new iPhone SE and call it a day.

If I even bother to finance tech, it's going to be through my much better Best Buy VISA card.

Yeah honestly, the times I’ve had to call Citizens was extremely painless, but I hate their website and all the information they ask for when upgrading. I’d rather just deal with Apple and Goldman.

 

[26139]

As is becoming more common, Apple gives contradictory information in the same sentence: "The cost of your items will be deducted from the available credit limit on your Apple card and spread over time."

Will the full cost be deducted at once or will the full cost be deducted over time?

What? Of course the credit limit will be impacted right away and then lowered over time as you make payments.

 

[gugy]

What's the max limit you can get with the card? I applied today and it was $10k for me.

 

[damphoose]

What's the max limit you can get with the card? I applied today and it was $10k for me.

$40K is the largest I have seen

 

[4sallypat]

seems like this offer doesn't work for refurbs... no double-dipping i guess. i think i will pull the trigger on the maxed-out 13" i was thinking about. not jazzed about catalina tho.

Does it work for education pricing on new Apple products ???

 

[Pman17]

So tempting to upgrade now, but I gotta see what they say at WWDC first. The Mac I want will be $306/mo. Already have $1200 to put down on it.

 

[mattopotamus]

If we're talking ongoing 0% on certain purchases (in this case, apple products) vs. a welcome offer, none.

And for those who want to finance Apple products regularly, this is a solid card benefit and it may be right for them--especially with the 3%. Same goes for someone who already has an Apple Card, when you consider the additional benefit not having a new hard inquiry on your credit report.

But for someone who would be opening a new card, if you don't fall into that category of person who would be regularly financing Apple products or spending some serious cash at one of the 3% cash back partners (remember most ApplePay transactions are really 2% with Apple Card), there may be better options.

For example, a new Chase Freedom card will give you 15 months @ 0% and $200 cash back when you spend $500 in purchases in the first 3 months. Cash back is always a flat 1.5%, but this also includes purchase protection and extended warranty (these features are almost nonexistent on no-fee cards today, AMEX even removed them from their Blue series). On an up-front Mac purchase, you're making out better on the 0% period and cash back. And personally, I'd take the cash back tradeoff, which is really minimal from a practical standpoint, for the purchase protection and warranty benefits.

To each their own, but Apple Card benefits are very niche in the grand scheme IMO.

Gotcha, I thought you were specifically referring to buying Apple products. I have a Citi double cash (1% now and 1% when you pay, so basically 2% all of the time). Almost weekly they send me 0% offers on new purchase made between certain dates.
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What's the max limit you can get with the card? I applied today and it was $10k for me.

I was given $20K initially. I think that is the highest starting amount I have seen.

 

[unplugme71]

I wonder why the Apple Watch isn’t included. Wonder if it means they’ll be coming out with a watch upgrade program.

Edit: You get the cash back AND the financing? Nice.

Yeah I like the both. Sure beats Best Buy card now.
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So tempting to upgrade now, but I gotta see what they say at WWDC first. The Mac I want will be $306/mo. Already have $1200 to put down on it.

This post sounded like a car purchase lol

 

[4sallypat]

Just checked my work / education email and found that Barclay Apple Rewards card is back in the game with Apple

PLUS I can get the Airpods bonus and at Education pricing combined with the 0% financing:

So tempting!
Too late for me on a 16" MBP which I picked up using B&H financing (0%) in February which I really wanted to finance using Apple Card, but not offered at the time....

Looking at other Apple products.....

At least now I have many choices to make on a future Apple purchase:

Barclay Card 0% financing​

Amex Platinum has automatic Pay Over Time financing w/ Membership Rewards points for travel which I used to do...​

Best Buy 0% financing​

Apple Card 0% financing​

B&H / Synchrony 0% financing​

 

[damphoose]

Does it work for education pricing on new Apple products ???

So far...no. Currently I can’t seem to get it to work anyplace except in the Apple shopping app. The education store uses a separate order pipeline that you cannot access from the app. You might be able to do it in person at an Apple store.
*Edit* posted correction to this info below.

 

[4sallypat]

So far...no. Currently I can’t seem to get it to work anyplace except in the Apple shopping app. The education store uses a separate order pipeline that you cannot access from the app. You might be able to do it in person at an Apple store.

You are correct, I tried to see if an iMac would work with:

• Education pricing
• Free Airpods
• 0% Apple Card

No bueno - only get the Barclay Card option - no Apple Card !
WTH:

 

[damphoose]

You are correct, I tried to see if an iMac would work with:

• Education pricing
• Free Airpods
• 0% Apple Card

No bueno - only get the Barclay Card option - no Apple Card !

Woops I have to correct myself. I figured out how to get it to work. Go into your Safari settings and turn on let websites “check for Applepay”. (Its under privacy and security) Once I did this, the education store automatically offered me the Applecard financing. I didn’t even have to reload my cart (Shopping bag). The same cart/bag that previously did not show this option offered me the Apple card financing. Note, I am doing this on an iPad with touchID. I have not tested on my mac yet but iirc the desktop version of Safari also has this option.

 

[goonie4life9]

But that's not what the sentence says in the second half. The sentence says the cost will be "spread over time." If Apple meant the payments will be "spread over time," they should have said that.

What? Of course the credit limit will be impacted right away and then lowered over time as you make payments.

 

[Zen_Arcade]

Woops I have to correct myself. I figured out how to get it to work. Go into your Safari settings and turn on let websites “check for Applepay”. (Its under privacy and security) Once I did this, the education store automatically offered me the Applecard financing. I didn’t even have to reload my cart (Shopping bag). The same cart/bag that previously did not show this option offered me the Apple card financing. Note, I am doing this on an iPad with touchID. I have not tested on my mac yet but iirc the desktop version of Safari also has this option.

Thank you for that! It seems to have worked.

The veteran/military store still does not, however - bummer. A first world problem if ever there was one.

 

[RUGERMAN]

Thank you for that! It seems to have worked.

The veteran/military store still does not, however - bummer. A first world problem if ever there was one.

You still get the 3% cash back Right??

 

[Zen_Arcade]

You still get the 3% cash back Right??

Yep!

 

[PickUrPoison]

Clearly you don't know what manual underwriting is.

Clearly you don’t know me. Needing manual underwriting due to being unscorable is nowhere near as preferable a situation as automated underwriting.

Can it be done? Sure, and for some buyers it’s the only way they’ll get approved. But it’s not a situation I would choose to put myself into, such as worshippers of Ramsey foolishly do.

Not all lenders offer manual underwriting. You may end up paying a higher interest rate, needing a higher down payment, needing additional reserve funds, or even not qualifying for a loan you could get using the AUS due to lender overlays.

Approvals are certainly possible, especially with government backed loan programs, but conventional mortgages? Spend 3-4 weeks getting docs to the underwriter, get turned down or a bad offer, find another lender, rinse, repeat. I wish you luck.

 

[PickUrPoison]

But that's not what the sentence says in the second half. The sentence says the cost will be "spread over time." If Apple meant the payments will be "spread over time," they should have said that.

Not sure your principal language, but you’re attributing a highly strict meaning to the words “cost” and “payment” that isn’t valid.

The cost of the item is spread over time. A $1,200 purchase doesn’t cost you $1,200 on day one, it costs you $100 a month for 12 months.

More than anything, it seems you mis-read the original statement:

As is becoming more common, Apple gives contradictory information in the same sentence: "The cost of your items will be deducted from the available credit limit on your Apple card and spread over time."

Will the full cost be deducted at once or will the full cost be deducted over time?

Your first question indicates you didn’t understand the bolded part: from your credit limit. Deducting the full amount from your available credit doesn’t cost you anything. Your cost is the $100 per month, and you’ll be billed for that and must pay it.

So to answer your questions: No, the full cost will not be deducted at once. Yes, the full cost will be deducted over time. There is no contradiction in Apple’s statement, but yes the wording could be improved.

 

[theadder]

If payments were made over time without affecting the overall credit limit, Apple would require some sort of separate limit on these purchases — perhaps they could call it a credit limit.

 

[goonie4life9]

I’m not sure what you’re talking about. You incur a cost as soon as something is charged to your card. Apple is trying to play a little game by conflating the charge with required payments. If they weren’t, they wouldn’t need to use such confusing wording because what they’re offering is nothing new - it is the standard “no interest for X months.”

Not sure your principal language, but you’re attributing a highly strict meaning to the words “cost” and “payment” that isn’t valid.

The cost of the item is spread over time. A $1,200 purchase doesn’t cost you $1,200 on day one, it costs you $100 a month for 12 months.

More than anything, it seems you mis-read the original statement:


Your first question indicates you didn’t understand the bolded part: from your credit limit. Deducting the full amount from your available credit doesn’t cost you anything. Your cost is the $100 per month, and you’ll be billed for that and must pay it.

So to answer your questions: No, the full cost will not be deducted at once. Yes, the full cost will be deducted over time. There is no contradiction in Apple’s statement, but yes the wording could be improved.

 

[alexandr]

time to ask for a credit line increase...

 

[compwiz1202]

I assume this will augment (possibly replace) the iPhone Upgrade program.

Hope not replace because it is a lot easier to get the iUP than the Apple Card. I was even able to get Barclay but Apple declined. And there is stuff on the decision letter that isn't even true about my credit.

 

[dannyyankou]

I’m really torn whether I’d rather pay for something all at once or a little at a time. Pros and cons to each.

I’m leaning toward getting the payment over with and moving on, but paying a little at a time with no interest is appealing no doubt.