Just be responsible and pay off your balance each month and show you are a good credit risk and your credit limit will increase in time.
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Apple Card Monthly Installments: How the Interest-Free iPhone Financing Plan Works
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Not that I disagree with the general sentiment, but subsidies, monthly plans, financing of expensive phones has been around for decades at this point.
Also, why hand over $1000-2000 when you can pay it monthly with an interest free loan? Keep the rest in the bank making a bit of interest.
It's their job as a sales person. Do you also feel bad for a fast food worker when a new item is added to the menu? lol
If you don't like the person-to-person sales format then you should purchase your items online. #Simple
Maybe a cultural thing but I don’t get paying off a phone in installments like at all.
Either you can afford something right away or you just wait til you can.
Not talking about something big like a house of course.
Just the thought of having any debt gives me an anxiety attack personally lol
Either you can afford something right away or you just wait til you can.
Not talking about something big like a house of course.
Just the thought of having any debt gives me an anxiety attack personally lol
Buying an iPhone on installments is not inherently bad. Paying $25 a month from now is cheaper than paying $25 today, according to the time value of money. With 0% APR and no credit hit (assuming since you're already approved for Apple Card, you won't get another inquiry), it makes more sense financially to pay with installments than to pay upfront.
"When using Monthly Installments, the cost of your new iPhone is divided into 24, interest-free monthly installments. Each installment is included in your Apple Card minimum payment and is due every month for 24 months. Monthly Installments are billed to your Apple Card statement on the last day of the month."
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ok boomer.
If it's interest free, what's the difference in paying it off monthly versus all at once?
It’s not their job to ask the same question multiple times throughout the course of a single transaction. If they’re being coached to do that, it’s bad coaching. The person at the fast food place doesn’t ask me multiple times if I want to upsize my meal.
That was the main point of the post you replied to -- that my last experience with Apple Retail several months ago was with an overly pushy sales person who would not let go of my not wanting to buy Apple Care+. That's the first time I've experienced that kind of pushiness in over 10 years of doing face-to-face business with Apple in their stores. I guess I didn't make that clear enough in my post. My apologies.
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Well, then they wouldn’t have anything to moralize The Youths over.
Apparently an easier/more realistic way of paying for expensive things depending on someone’s financial situation is yet another symptom of…something? I don’t know what, but it’s something bad. Revolving credit is bad and wrong.
This isn't financing, though - not really. True, you're on the hook for the amount of the device, but with no interest charges or fees, it's not the same as traditional financing. It's a loan that doesn't act like a loan. And with the 3% back on it, you're actually making money buying the phone this way as opposed to buying it outright.
Ohhh you have no idea. AppleCare+ is pushed hard. Now Today At Apple is pushed hard. Apple Music. iPhone Upgrade Program.
Working in 1 of the sales roles at an Apple Store deff isn’t fun or easy like it used to be. The coworkers make it fun, but management is very meh for the most part.
The principle is the same, though. And you're getting better terms on the phone than you are on your house
Not all debt is bad. I'm happy to carry some because it's useful. There is a massive difference between good, useful debt, and bad, damaging debt. Credit card debt is awful. Nobody should carry a balance, ever, if they can help it. Student loan debt is good debt (yes, it really is, for most people). Provided you are in the right field of study, higher education will open doors for you that would otherwise be closed, leading to higher salaries and a better quality of life. A mortgage, as long as you get good terms and can readily afford the monthly payment, is also good debt.
You're just being petty with your idea of sales. Unlike the average Apple customer at an Apple store, the average person at a fast food restaurant isn't spending $1,000+ or spending more than 3 minutes with the restaurant employee. #ShopOnline
With the first step of iPhone Subscription in place, I can imagine next years 5G iPhone will be another price hike.
It is also interesting this essentially provides 0% interest to all of your Apple Card Credit. In some place around the world this is going to be very popular. ( Or they will amend it to only allow two interest free per card )
It is also interesting this essentially provides 0% interest to all of your Apple Card Credit. In some place around the world this is going to be very popular. ( Or they will amend it to only allow two interest free per card )
It does not look like that is the case. I thought this monthly installment was for people who do not have the option through the carrier. When I try to order a phone via ATT it is an option. However, for unlocked it’s not an option.
Pretty lame.
As it generally comes to anything, it depends on the details and how it's used.
Of course. Using credit responsibly is one of those things that might be immensely beneficial, might not, but certainly can’t hurt you. I don’t get the backlash by some (including here) against credit and the implication that anyone who uses credit can’t afford what they’re buying, that it’s just free money. Heck, using credit well can absolutely allow one to afford a little more when it comes time to make a really big purchase like a house or car.
hmmm that’s promising at least... but weird it doesn’t seem to have the option when you try to order on the website? Keeping my fingers crossed that there’s a way...
Bad news:
- Apple Card Monthly Installments is financed through Apple Card and is subject to credit approval and credit limit. iPhone activation required with one of these national carriers: AT&T, Sprint, Verizon, or T-Mobile. Apple Card Monthly Installments are subject to credit availability. Variable APRs for Apple Card other than Apple Card Monthly Installments range from 12.49% to 23.49% based on creditworthiness. Taxes and shipping are not included in Apple Card Monthly Installments and are subject to your standard purchase APR. Rates as of December 1, 2019. See the Apple Card customer agreement for more information.
Be sure you're placing your order from the iPhone where your Apple Card is stored. When you buy the phone, you're charging the entire amount on your Apple Card. The option to make payments is only available on the card, not during the Apple checkout process.
Why is that bad news? It simply means you charge your iPhone purchase on your Apple Card, if you have one and if you have sufficient credit available. If you don't have an Apple Card, you have to apply for one and that is based on your creditworthiness. There's no bad news. It's just the way it works.
It is bad news because if you are someone who uses a third party carrier like Mint Mobile and want to purchase a phone on installment interest free, you will not be able to use the Apple Card. Sure you can pay for the iPhone with the Apple Card. However, you cannot do the 24 month payments. You have to have It associated with the main four carriers.
Yes, it does. I just bought 2 unlocked SIM-free iPhone 11 Pros.
That's not true. You can buy an unlocked, SIM-free phone that works with any carrier, and still finance for 24 months with the Apple Card. I just did it.