- Its not a great deal except for points buying Mac or iTunes product. You get three months to pay off in full without interest. But if you don't pay off in three months, all interest charges apply from date of purchase. A better deal would be to apply for a Best Buy card and purchase there. They are offing 18 months interest free financing.
- Saturday June 6, 2020 1:51 pm PDT by Juli Clover. Apple plans to debut interest-free payment plan options for customers who purchase iPads, AirPods, Macs, and more using Apple Card, allowing them.
Apple Card Monthly Installments (ACMI) is a 0% APR payment option available to select at checkout for certain Apple products purchased at Apple Store locations, apple.com, the Apple Store app, or by calling 1-800-MY-APPLE, and is subject to credit approval and credit limit.
To receive a 0% APR installment on eligible products from apple.com, the Apple Store app, or an Apple Store, you must choose Apple Card Monthly Installments as your payment option at checkout.2 If you choose to pay for your eligible Apple purchase all at once with your Apple Card, that purchase will not receive 0% APR and instead will be subject to the standard purchase APR assigned to your Apple Card.
iPhone or Apple Watch
If you buy an iPhone or Apple Watch using Apple Card Monthly Installments, you will have one installment every month for twenty-four months.
iPad, Mac, and XDR Display
If you buy an iPad, Mac, or XDR Display using Apple Card Monthly Installments, you will have one installment every month for twelve months.
Eligible Mac models include MacBook Air, MacBook Pro, iMac, iMac Pro, Mac Pro, and Mac mini.
Apple TV, AirPods, and Beats Flex Wireless Earphones
If you buy any of these products using Apple Card Monthly Installments, you will have one installment every month for six months.
Accessories
- Apple Pencil
- iPad Keyboard
- Pro Stand, VESA Mount Adapter
- Apple Afterburner Card
- Apple Branded iPhone Case
- Apple Watch Bands
- Apple Branded iPad Cover
- Apple Branded Mac Cover
- MagSafe Charger
- MagSafe Battery Pack
- Apple Branded MagSafe iPhone Case
- Apple Branded iPhone Leather Wallet with MagSafe
If you buy any of these products using Apple Card Monthly Installments, you will have one installment every month for twelve months.
Learn more
- Learn more about Apple Card Monthly Installments.
- See how to view and pay your monthly installments.
- If you purchase AppleCare when you purchase an eligible product by choosing Apple Card Monthly Installments as your payment method, a separate 0% APR installment is created for AppleCare. However, if you purchase AppleCare with Apple Card in a later transaction, you must pay in full, and that purchase will be subject to your standard purchase APR (i.e. not 0% APR). Variable APRs for Apple Card, other than Apple Card Monthly Installments, range from 10.99% to 21.99% based on creditworthiness. Rates as of April 1, 2020. Taxes and shipping are not included in Apple Card Monthly Installments and are subject to your standard purchase APR.
- Apple Card Monthly Installments (ACMI) is a 0% APR payment option available to select at checkout for certain Apple products purchased at Apple Store locations, apple.com, the Apple Store app, or by calling 1-800-MY-APPLE, and is subject to credit approval and credit limit. See above for more information about eligible products. Variable APRs for Apple Card other than ACMI range from 10.99% to 21.99% based on creditworthiness. Rates as of April 1, 2020. If you choose the pay-in-full or one-time-payment option for an ACMI eligible purchase instead of choosing ACMI as the payment option at checkout, that purchase will be subject to the variable APR assigned to your Apple Card. Taxes and shipping are not included in ACMI and are subject to your card’s variable APR. See the Apple Card Customer Agreement for more information. ACMI is not available for purchases made online at the following special stores: Apple Employee Purchase Plan, participating corporate Employee Purchase Programs, Apple at Work for small businesses, Government, and Veterans and Military Purchase Programs, or on refurbished devices. iPhone activation required on iPhone purchases made at an Apple Store with one of these national carriers: AT&T, Sprint, Verizon, or T-Mobile.
Apple is teaming up with the popular “buy now, pay later” service Affirm to expand financing options for iPhone, iPad, and Mac buyers in Canada. According to a new report from Bloomberg, Apple will launch this program in Canada sometime this month at online and physical retail stores.
In the United States, Apple shoppers can finance purchases using Apple Card, but this is not available anywhere outside of the U.S. Through this Affirm partnership, however, Apple will be able to offer financing over 12 months or 24 months for new iPhone, iPad, and Mac purchases.
The companies plan to debut the initiative this month at Apple’s online and physical retail stores in Canada, according to a message sent to Apple retail employees in the region, which was obtained by Bloomberg News. The service will let iPhone, Mac, and iPad buyers in Canada pay for purchases over 12 or 24 months instead of in-full at the time of the transaction. Apple told staff it will offer the program interest-free for a limited time after the launch.
The memo to employees indicated that the program will launch on August 11:
“Some customers visiting Apple want to buy now and pay later,” Apple told staff in Canada. “Now, they have a new option that lets them pay over time for their favorite Apple products.” The company also told staff the program would roll out on Aug. 11. Spokespeople for Apple and Affirm declined to comment.
Shoppers in Canada will be able to apply trade-in credit towards their monthly payments and add AppleCare coverage as well. While nearly every Apple product can be financed using Apple Card in the US, only the iPhone, iPad, and Mac will be supported through this Affirm partnership in Canada.
The report adds that the program will be powered by PayBright, which is a Canada-based “buy now, pay later” service that was acquired by Affirm last year for over $260 million.
This is yet another instance of Apple’s growing interest and involvement in the “buy now, pay later” industry. Apple is also said to be planning an “Apple Pay Later” service as well.
Apple Mac Interest Free Credit Card
FTC: We use income earning auto affiliate links.More.