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Apple Planning Interest-Free Apple Card Payment Plans for Macs, AirPods, iPads and More

currentinterest said:
They add the amount to one's bill per month, so does that mean it is only considered paid if the entire monthly balance is paid? Or, is the amount of the bill that is equal to the monthly charge considered the first thing paid with the remaining balance charged interest if carried over?
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They add the installment payment to the minimum payment. So your new minimum payment due is your normal minimum payment + your installment payment.
 
tbayrgs said:
Well, if it works like the iPhone payment program via the Apple Card, you get 24 months interest free AND 3% cash back on your purchase. Not too cards out there that will do better. Best Buy doesn’t let you earn rewards AND use the interest free financing option.
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I shop at BB, but I don’t have their card. Plus BB doesn’t offer travel rewards which is what I said was of interest to me over cash back. I’m not big on most store credit cards - my only one being a Costco Visa. I avoid interest by paying off cards before interest hits. I still get to collect my rewards and perks. I don’t have to worry about life happening in month 12 of 24 where suddenly due to circumstances beyond my control, I’m no longer able to make my monthly payment.

Apple does makes a compelling offer when it comes to expanding their financing to their Mac line which to me is where their financing should have been offered far sooner being that price can get expensive quickly. At the same time, if a person has to have excellent credit to qualify (store financing is usually flexible) and then be deemed to be worth a high enough credit limit to purchase more than a base Air or base 13” MBP, there is competition with other credit cards that offer more benefits, like rewards and perks, cards like the Chase Sapphire cards and the AMEX Platinum/Gold cards. In the end, it comes down to what’s more important in a card to the individual consumer.
 
konqerror said:
Microsoft has a 2 year subscription plan

Surface All Access - Computer and Laptop Payment Plans - Microsoft Store

Explore Surface All Access financing and start working right away with the newest Surface devices, accessories, and Office subscription you want.
www.microsoft.com

Corporate PCs are usually on a three-year cycle, so multiple vendors offer such subscription/lease financing for small businesses

DaaS for Small Business | Device as a Service | Lenovo US

Device as a Service (DaaS) is a simple and affordable subscription service that bundles hardware, software, configuration, security, and services for business.
www.lenovo.com www.lenovo.com
www.dell.com

Dell APEX PC as a Service | Dell USA

Dell APEX PC as a Service (PCaaS) is a complete IT solution that simplifies PC lifecycle management by combining hardware, software, lifecycle services & financing.
www.dell.com www.dell.com
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My understanding is that with such corporate plans, you are typically paying a premium for support and and repairs, which is how they earn. It’s a different ball game for Apple which deals solely with hardware sales.
 
a m u n said:
Go to the job and then you will not see any more an iPhone as an overpriced product.

www.theverge.com

Samsung to launch a Samsung Pay debit card this summer

Samsung joins Apple in offering a branded payment card.
www.theverge.com www.theverge.com
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Google is coming up with something similar.
techcrunch.com

Leaked pics reveal Google smart debit card to rival Apple's | TechCrunch

Would you pay with a "Google Card?" TechCrunch has obtained imagery that shows Google is developing its own physical and virtual debit cards. The Google
techcrunch.com techcrunch.com
 
Abazigal said:
My understanding is that with such corporate plans, you are typically paying a premium for support and and repairs, which is how they earn. It’s a different ball game for Apple which deals solely with hardware sales.
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Exact same with iPhone Upgrade Program, you are buying their high-margin AppleCare Plus.
 
12 Months Works for me. I plan on replacing my 8 year old Retina MBP. I have enough money saved but this will help with not having to put down all that money at once.
I use credit cards as a budgeting tool and for security. Budgeting tool to calculate how much I spend in certain categories per month. Security because of all the protections on them. They all get paid off every month. The cash back is a nice bonus.
 
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konqerror said:
Exact same with iPhone Upgrade Program, you are buying their high-margin AppleCare Plus.
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Which is why Apple is agreeable to take your phone back after 1 year, no questions asked. The AppleCare is paying for the servicing done to the phone before selling it on the gray market.

When Apple offers a plan, you can be sure they have done their sums and are confident that it will work out for them in the end.
 
Last edited:
Buy stuff you can’t afford! Also, we’re different from any other card. We’re not a cold capitalist corporation. The mask is slipping.
 
pauloregan said:
Buy stuff you can’t afford! Also, we’re different from any other card. We’re not a cold capitalist corporation. The mask is slipping.
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Only in your mind. If you thought that Apple was anything but a corporation then you fell for the marketing hype. Buy a product because you like the product and not because you think the maker is some type of charity and you won't have this problem 😂
 
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pauloregan said:
Buy stuff you can’t afford! Also, we’re different from any other card. We’re not a cold capitalist corporation. The mask is slipping.
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Not sure what you meant. Pretty much majority of US retailers from any sort of industry offer some sort of financing plan. OnePlus does. You can even buy a $300 Moto G from Motorola.com WITH financing. This is not due to unaffordability. This is more due to US has an established credit score rating for majority of its consumers.
 
Mr. Heckles said:
Why? It’s not your problem. I can pay cash for one now, but why? I rather keep the cash and use interest free to pay it off.
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That’s why I said “most” people. Most people finance because they don’t have the cash up front. If you are responsible it makes complete sense.
 
Apple has always been about rewarding their most loyal customers with the best value. I know so many Apple consumers who will be thrilled to have an interest-free option to finance their next Apple product purchase.
 
MacRumors said:


Apple plans to debut interest-free payment plan options for customers who purchase iPads, AirPods, Macs, and more using Apple Card, allowing them to pay for purchases over several months.

apple-card-titanium-and-app.jpg

According to Bloomberg, Apple will roll out the Apple Card feature in the coming weeks, with customers given up to 12 months to pay for their products before interest is due.

The 12 month plan will be available for iPads, Macs, the Apple Pencil, iPad keyboards, and the Pro Display XDR, while six month payment plans will be offered for AirPods, Apple TV, and HomePod.

Customers will be able to make payments through the Wallet app, with charges added each month to their Apple Card bills.

Apple rolled out a 24-month interest free iPhone installment plan for Apple Card users back in December, which lets customers purchase an iPhone with the Apple Card and pay over the course of 24 months.

The new device payment plans will work in the same way. Customers will get three percent Daily Cash back for their purchases, and the plans will be compatible with Apple's educational discounts.

During Apple's most recent earnings call, Apple CEO Tim Cook said that Apple was planning to provide payment plan options for devices other than the iPhone. "As you know, we launched the payment plan earlier on ‌Apple Card‌ for ‌iPhone‌," he said. "We're working on that for other products and you'll see something on that shortly."

Apple's upcoming payment plans are meant to boost sales of Apple devices by allowing customers to pay for their items over time, as well as bolster Apple Card signups.

Article Link: Apple Planning Interest-Free Apple Card Payment Plans for Macs, AirPods, iPads and More
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This will guarantee service revenue on products
 
CWallace said:
As with all things, when used responsibly credit can be advantageous.

I have easily financed some $15,000 or more in Apple products on my Barclayacrd over the years (multiple iMacs, iPads, iPhones, accessories, MacBook Pros, etc.), all of it at 18 or 24 months SAC. Every single item I bought I had the cash on hand in my bank account, but rather then blow that all at once, I was able to keep it in the bank and earn interest (even if a pittance) and having that money available meant I paid well over the monthly minimums to ensure I paid off each loan two months before it was due (so there could be no issues with deferred interest).

Barclays was effectively letting me use their money for free for a time (yes, there is the annual fee, but you can negotiate that - especially if you have a long and all-positive history with them, which I do). Why wouldn't I do that if it was comfortably within my means to do so?
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I’ve never paid an annual fee for my Barclay card.
 
frankly said:
This is good. I'm just surprised that they will give you 24 months interest-free if you purchase an iPhone, but only 12 months when you purchase a Mac. Hopefully the rumor got that part wrong. A Mac can easily cost double or triple what an iPhone costs.
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I was thinking the same thing. Kinda backwards. They’d probably argue that smartphones have always been a two-year thing, but still weird.
 
ChrisBos said:
12 months on a Mac isn’t that great.

Definitely better 0% intro and/or welcome bonus rewards than this and 3% cash back out there, and we already know there are better long term cash back/reward cards available too.

I did the soft application last week so I would have the offer saved in my wallet during WWDC just in case, but this may push me away.
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I am confused... you did a soft application last week....before this rumor...presumably because you saw value in the card or apple or maybe even both...and now that apple might be doing something positive.. its not as positive as you want... so you no longer see the value?!

I am constantly amazed at how people can say any announcement may push them away.
 
I haven’t really bought an Apple product from their store or site in ages. They never discount their current offerings and don’t offer zero % with their own branded card. Most of my apple product purchases have been from Best Buy who routinely discount and offer 6 to 18 month zero % on Apple goods. Also they price match, something Apple stores don’t do either.
 
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