My aunt many years ago actually wrote a cheque out for a bar of chocolate, I kid ye not . This was in the early 1980 s and things were different. She certainly was … 😝Split a $2 Snicker bar into 4 interest free payments, lol 😂
My aunt many years ago actually wrote a cheque out for a bar of chocolate, I kid ye not . This was in the early 1980 s and things were different. She certainly was … 😝Split a $2 Snicker bar into 4 interest free payments, lol 😂
"American Way" despite 8 other countries having a higher percentage of people with credit cards and several more close behind.Well, people sometimes doubt Apple is an "American" company.
Here's proof. Buying on credit and on time is the American way.
These "pay later" loans are ethically one step away from a title loan.
At 0.0%, why not keep your money in your bank and use their money?This seems like a way into debt. Why not save up for 4 weeks and then buy the thing when you have the money? I could see how this would be good in case of emergency, but it seems most people will just get into a cycle of spending next month's money. Not good.
This is nothing like layaway though. With layaway, the retailer holds an item for you until you pay for it in full. Only after it's been paid off do you get to take it home.I don't see the appeal of this. It's like a form of lay-away. No Thanks. Just wait till you have the money. lol.
I can use any credit card and get to use the bank's money between 4-8 weeks before paying my statement in full each month. This doesn't really have any advantage over that. Except maybe for people who haven't built any credit to get a regular credit card. Hopefully favorable participation in this will get reported to people's credit reports. I also hope Apple educates the users and is fully transparent with the fees and consequences of not paying on time.At 0.0%, why not keep your money in your bank and use their money?
If you have discipline, this is always a great option
Data shows that BNPL services actually increase the likelihood of someone spending more and outside of their means than without BNPLFYI people the limit on this is 1k, nobody is going to be buying something that costs 6 grand as an impulse purchase with Apple Pay Later. They'll just use a credit card they already had. We can stop acting like Apple is creating some new evil concept here. Someone is going to spend outside their means with or without this service existing.
If you take this offer will they still give 2% for using Apple Pay. Amazon has a similar by now pay later program. The catch is you don't receive the 5% for using your Amazon credit card.Pretty cool given that there are no interest or fees to pay. What's Apple's angle here though?
This chart isn't helpful. Americans have more cards per person than many of those countries, and more importantly, the presence of cards doesn't tell us about debt. Americans carry the most long term debt, with more than half of users here leaving a balance unpaid at some point and nearly 1 in 5 having over 15 years of carried debt on their credit cards."American Way" despite 8 other countries having a higher percentage of people with credit cards and several more close behind.
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Dumb you can do that but they don’t offer financing on the HomePodBut nothing better than this one:
USB-C to Apple Pencil Adapter
$9.00
or
$0.75/mo.per month for 12 mo.*
This isn't competing with PayPal Credit, which requires a credit check. This is competing with PayPal Pay in 4, which works on purchases under $100. PayPal Credit also requires credit approval to apply, while Pay in 4 and Apple Pay Later applications don't do a hard credit approval.How is this better than PayPal Credit for $100+ purchases?
With the above pay within 6 months for no interest.
For Apple products, the Apple Card probably has better terms since you get 3% cash back, 0% APR and 2 years to pay it off.Im pretty sure I'm gonna use this to buy my next apple watch just test the waters.
Yea I was going to say is there a chart of Utilization?This chart isn't helpful. Americans have more cards per person than many of those countries, and more importantly, the presence of cards doesn't tell us about debt. Americans carry the most long term debt, with more than half of users here leaving a balance unpaid at some point and nearly 1 in 5 having over 15 years of carried debt on their credit cards.