Apple Pay Later Officially Launches in U.S. Following Early Access Period

[r98266]

Getting paid monthly makes this useless for me.

I’m also still bitter they took away the iPhone “pay over 24 months” option if you don’t pick a carrier at checkout.

 

[lartola]

I was never in the beta but just checked my apple wallet app and don't see anything about this feature enabled yet. Its 7:32am EST, so maybe its a bit early.

tap in the + sign so as to add a card. The option should be there in the list.

 

[compwiz1202]

When applying, do they perform a soft or hard pull on my credit?

The article makes it sound like soft

 

[compwiz1202]

The comments on this article are disgusting. As if none on this forum have taken out a car loan etc. If the product is not for you, great. If it helps somebody out there stretch their budget a little and they use it responsibly, also great -- it's not your money anyway. Why the moral judgment? Is it really that much of a shock to you that some people use installment loans.

Only thing I don't like is it seems so short at six weeks. Some of the pay laters are monthly for a year; although, they charge interest

 

[NagasakiGG]

Credit is good if you use it correctly. I have one credit card account alone that I've made almost $600 in free money on this year in rewards. All while paying $0 in interest. My Apple Card has paid me almost $150 in free money this year.

Yes, same. I tend to pay everything with my DinersClub, so that I can accumulate up to 55-70k Lufthansa Miles per year. I don’t talk about financing per se, more like that thing about layaway financing which is getting more and more popular as more people are dying in their debt in the US.

 

[boss.king]

While Apple TV+ may have launched for "substantially less" than the competition, a big reason for that was because it had substantially less content. From a content standpoint, I don't think Apple TV+ was really priced that much less. As the amount of content grows, one would expect prices to go up.

Just today Apple hiked their TV+ prices by like 45%, along with a bunch of their other services. This is exactly what I’m talking about. They have users entrenched in their ecosystem, so now it’s just an exercise in seeing how much people will put up with.

This isn’t some anti-Apple conspiracy theory or whatever, it’s the same thing pretty much every service business does and Apple isn’t an exception. I expect to see this roll out to Pay Later within the next two years - they’ll likely add interest for loans over a certain threshold, and then start pushing the interest rate up every 6 months. Shareholders demand that the magic line has to go up.

 

[Lynxpoint]

Just today Apple hiked their TV+ prices by like 45%, along with a bunch of their other services. This is exactly what I’m talking about. They have users entrenched in their ecosystem, so now it’s just an exercise in seeing how much people will put up with.

This isn’t some anti-Apple conspiracy theory or whatever, it’s the same thing pretty much every service business does and Apple isn’t an exception. I expect to see this roll out to Pay Later within the next two years - they’ll likely add interest for loans over a certain threshold, and then start pushing the interest rate up every 6 months. Shareholders demand that the magic line has to go up.

Yeah... here in Canada a friend recently asked me if Apple still offered zero percent financing on Macs... was disappointed to hear that it is gone - now its 8% over two years.

 

[webkit]

Just today Apple hiked their TV+ prices by like 45%, along with a bunch of their other services. This is exactly what I’m talking about. They have users entrenched in their ecosystem, so now it’s just an exercise in seeing how much people will put up with.

This isn’t some anti-Apple conspiracy theory or whatever, it’s the same thing pretty much every service business does and Apple isn’t an exception. I expect to see this roll out to Pay Later within the next two years - they’ll likely add interest for loans over a certain threshold, and then start pushing the interest rate up every 6 months. Shareholders demand that the magic line has to go up.

Yes, and the latest TV+ increase comes out to about 19% per year on average since launch. Other streaming services have increased prices as well. I don't disagree that Apple and other streaming services likely started with unrealistically low prices in order to try to build a subscriber base. My point was that the reason Apple's launch price was "substantially less than the competition" (as you put it) was because they had substantially less content. From a content amount standpoint, TV+ really wasn't that cheap compared to the competition.

 

[boss.king]

Yes, and the latest TV+ increase comes out to about 19% per year on average since launch. Other streaming services have increased prices as well. I don't disagree that Apple and other streaming services likely started with unrealistically low prices in order to try to build a subscriber base. My point was that the reason Apple's launch price was "substantially less than the competition" (as you put it) was because they had substantially less content. From a content amount standpoint, TV+ really wasn't that cheap compared to the competition.

Whatever reason you choose to ascribe to doesn’t change that it’s still following the same game plan.

 

[tubedogg]

Yeah... here in Canada a friend recently asked me if Apple still offered zero percent financing on Macs... was disappointed to hear that it is gone - now its 8% over two years.

I was going to say I have only seen one year, but it looks like they changed it to two years. Also, I'm almost positive the interest rate went up, too, as I believe it was 4.99% right after they dumped the 0% offer. That part at least makes sense given that interest rates are up across the board.

 

[dotzero123]

Being poor or falling on hard times can happen to almost anyone I can see needing to spread payments if I need food or am paycheck to paycheck. The ridiculous interest rates for those with credit challenges feel on par with loan shark rates. They will never get out from under it. I think our country should do better - not just the people. I'm surprised Apple got into this game. Hopefully they will be as people conscious as they are environmentally conscious.