I just picked up an iPhone 6s with the iPhone Upgrade Program at my local Apple Store. I was charged up front for the AppleCare+ and first month, and the receipt clearly lays out how much I will owe every month for the next 23 months. How does this amount actually get paid? Automatic recurring charge on the credit card? If so, what do I do when my card expires next year? I received an email from Citizens One bank, that provides the loan through the upgrade program, but it was just explaining the terms of service and didn't ask me to create an account or anything. For what it's worth, I'll also chime in and say it does produce a hard hit on your credit report for those interested.