June 18, 2020
Attention Apple Card users: You can finance more new Apple devices interest-free
Apple is offering interest-free financing on new iPad, Mac and AirPod purchases for those enrolled in its branded credit card program. And you'll get 3% cashback up-front.
But here's the catch: You must buy the devices on Apple.com, on the Apple Store app or at an official Apple Store.
The new purchasing plan will vary by device, though it's similar to what the tech giant introduced in 2019 for iPhone.
Just like the iPhone financing program, Apple's new plan lets you pay off the merchandise via monthly installments. Just choose Apple Card Monthly Installments as the payment option when you're checking out.
Smartphones can be paid off over 24 months, while Apple TV, HomePod and AirPods can only be financed for over six months with no interest. Other devices like Macs, iPads and accessories qualify for 12 months of interest-free payments.
Currently, there is no option to finance the Apple Watch.
Apple launched its digital credit card, a Mastercard, in 2019 through a partnership with issuer Goldman Sachs. The credit card offers unlimited cash back on purchases. And the 3% cashback accrued is immediately deposited to the Apple Cash card.
Monthly installments live in the Wallet app along with remaining balance, and payment history.
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