Apple today expanded its Apple Card interest-free monthly installment payment plan across much of its U.S. online store, allowing users to pay for Macs, iPads, and other Apple products over time. In addition to the interest-free payments, users also earn the standard 3% Daily Cash for purchases through Apple.
The new option is available on checkout pages for individual products, with some products like Macs and iPads available with 12-month interest-free installments, and others like Apple TV, AirPods, and HomePod can be paid off over six months. Notably, Apple Watch and iPod touch are not eligible with the interest-free financing.
Tim Cookannounced on Apple's April 30 earnings conference call that the company would be expanding the Apple Card Monthly Installments plan beyond the iPhone, and just over a week ago, Bloombergshared details on what it would cover.
The annual percentage yield (APY) for the Apple Card's savings account was lowered from 3.5% to 3.4% this week.
If you deposited $1,000 and made no withdrawals for one year, you would earn $34 in interest at the current APY.
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Time is running out on the Apple Card sign-up promo that began last month. For three more days, you can effectively receive AirPods Pro 3 for free when you sign up for a new Apple Card, but there are some strings attached.
If you sign up for and are approved for an Apple Card for the first time, and use it to purchase AirPods Pro 3 by June 15, you can earn up to $250 in bonus cash back over...
Apple is teaming up with Nike for an Apple Card promotion that gives extra Daily Cash back.
For the next month, Apple Card users can get 6% Daily Cash back when making a purchase with Apple Card using Apple Pay at a Nike retail store, the Nike website or Swoosh website, or Nike's apps.
The Apple Card normally offers 3% cash back on Nike purchases, so the bonus is doubled during the...
That’s awesome. Would love to see this in Scandinavia. Given that it’s interest-free it makes a no brainer for a Mac purchase. Time value of money.
Not sure how much time value there is in this era of zero / negative interest rates.
Also, if you don’t have the money to buy in full at time of purchase, then you’ll have additional stress until it’s paid off.
Personally, I won’t go into debt over anything that isn’t a house or primary vehicle. I like having zero credit card debt. Saved $100/month for 3 years to buy my last MBP in 2017. I still used a credit card in order to get cash back and double the factory warranty though.
Apple's first foldable iPhone, with a book-style design featuring a ~5.5-inch outer display and a ~7.8-inch inner display with a minimal crease down the middle.
