SIM-Free iPhones Now Qualify for 24-Month Interest-Free Financing With Apple Card

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As noted on Reddit, unlocked aka SIM-free iPhone models now qualify for Apple Card Monthly Installments, which allows customers to purchase an iPhone with the Apple Card and pay for it over two years with no interest or fees in the United States. Previously, the installment plan was limited to carrier-activated iPhones.


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.

Apple already offered interest-free iPhone financing through its iPhone Upgrade Program, but the Apple Card plan has a few advantages, including managing payments in the Wallet app and no late fees. iPhone purchases via Apple Card Monthly Installments also qualify for instant 3% Daily Cash.

How to View and Pay Apple Card Monthly Installments

Paying for an Apple Card Monthly Installment is as simple as paying off your minimum payment or higher each month.

To see and manage your Apple Card Monthly Installments, update to iOS 13.2 or later. Then, open the Wallet app, tap on your Apple Card, tap the button with three-dots in the top-right corner, and tap Installments.


The installments screen shows the total amount paid off so far, the remaining balance, the due date and amount of your next monthly installment, and a history of your monthly payments. There is also a Pay Early option that can reduce the number of payments, but this requires paying off your entire Apple Card balance first.

If you tap Total Financed, you can review other details like a description of the iPhone you purchased and how much Daily Cash you received.

As a shortcut, when you purchase an iPhone with Apple Card Monthly Installments, you will receive a notification on the iPhone or iPad you use to manage your Apple Card that can be tapped to view installment details.

Apple Card Monthly Installments are available for purchases made at Apple Stores, Apple.com, and through the Apple Store app.

Article Link: SIM-Free iPhones Now Qualify for 24-Month Interest-Free Financing With Apple Card
 
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AppleFan91

macrumors 68000
Sep 11, 2012
1,628
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Indy, US
Wish they did this or expanded to more carriers for the iPhone upgrade program. Would make it a lot easier to consider MVNO’s like Xfinity mobile or Visible
 
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ksec

macrumors 65816
Dec 23, 2015
1,274
1,275
I wonder why all Interest fee Installments ( not just Apple but many other products ) stops at 24 months. Why not 36 months?

And how does Sales Tax works in US with installments? Do they get divided into 24 months as well?
 

DJLAXL

macrumors 6502a
Jun 3, 2014
519
396
UT
I wonder why all Interest fee Installments ( not just Apple but many other products ) stops at 24 months. Why not 36 months?

And how does Sales Tax works in US with installments? Do they get divided into 24 months as well?
They want you to continue upgrading instead of waiting three years for a new device. They offer the one year upgrade program which starts the cycle all over again.

The sales tax is charged in one lump sum. They cannot charge tax in installments.
 

moabal

macrumors 6502
Jun 22, 2010
347
919
About time! I thought they did a bait and switch they originally announcement this.

Hopefully this leads to financing stuff for other products and/or better Apple Card perks.
 
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Chet-NYC

macrumors newbie
Aug 21, 2017
21
26
New York USA
I wonder why all Interest fee Installments ( not just Apple but many other products ) stops at 24 months. Why not 36 months?

And how does Sales Tax works in US with installments? Do they get divided into 24 months as well?
When you do this, the first charge is the first month's payment and all the sales tax. Also, AppleCare+ is either paid for in full or monthly, depending on the option you chose.
 

Mr. Dee

macrumors 68020
Dec 4, 2003
2,396
3,360
Jamaica
This is definitely how I plan to buy my next iPhone if and when I upgrade. I hope they extend this to other product lines like the iPad, Watch and Mac. Upfront cost are sometimes a turn off and 24 months is right in line with some upgrade cycles. Although, these days, I am keeping my devices longer, Facebook and Twitter doesn’t require much these days.
 

bpeeps

macrumors 68040
May 6, 2011
3,114
3,020
I wish Apple Card came to the UK. It would be so useful and easy to manage rather than messing with third party apps which are quite honestly terrible.
My banking apps are great. Have zero complaints about them.
 

Drogba11

macrumors regular
Jan 29, 2018
151
370
How is this different from the upgrade program? I'm on the upgrade program and use my Apple Card for the monthly payments so I still get my 3% cash back
 

CalMin

macrumors 6502a
Nov 8, 2007
686
235
Now to see how March's iPhone pans out; my mother desperately needs a new device.
Why is she suffering? The current iPhones are great.
- - Post merged: - -

How is this different from the upgrade program? I'm on the upgrade program and use my Apple Card for the monthly payments so I still get my 3% cash back
No additional credit check or installment loan on your file.
 

moabal

macrumors 6502
Jun 22, 2010
347
919
How is this different from the upgrade program? I'm on the upgrade program and use my Apple Card for the monthly payments so I still get my 3% cash back
The difference is no carrier required. You can still activate with the big four later. Otherwise, you can opt for other carriers like Mint or Xfinity Mobile, etc.
 

magenheimerdp

macrumors newbie
Apr 21, 2016
6
0
Wish they did this or expanded to more carriers for the iPhone upgrade program. Would make it a lot easier to consider MVNO’s like Xfinity mobile or Visible
I agree. I ended up dropping out of the iPhone upgrade program when I switched to XFinity mobile. I had been in the program since they first started it.

I also don't understand why the SIM free iPhones weren't included originally with the Apple card program. I ended up buying my phone from XFinity. At least I'll be able to use my Apple card when my wife wants an upgrade.
 

macizcool

macrumors regular
Feb 4, 2010
120
31
My biggest complaint about the iPhone since it first debuted, is Apple’s allegiance to carriers, and the agreements they have in place. Apple had an opportunity to shake up the cell phone world by creating the worlds greatest phone, and get rid of carrier locks and subsidies. It’s appalling that you can’t purchase an unlocked iPhone from Apple direct without a carrier lock.
 
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xxray

macrumors 65816
Jul 27, 2013
1,158
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This is great news! I hope it's available for Day 1 release of the 2019 2020 iPhones.
 
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dumastudetto

macrumors 68040
Aug 28, 2013
3,324
3,973
There has never been a better time to buy into the iPhone 11 series. 24 affordable payments bearing no interest is the best way to invest in technology of the future.
 
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DotCom2

macrumors 601
Feb 22, 2009
4,304
2,608
Ahhh man, too late. Oh well.
I hope they do the 6% cash back again next Holiday season and include Macs.
 
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