According to people familiar with Apple’s thinking who spoke to Bloomberg, you may soon be able to get new Apple hardware via interest-free Apple Card payment plans for devices such as the iPad, Mac, AirPods, HomePod and more.
Bloomberg’s Mark Gurman reported on Saturday that Apple is planning to roll out the rumored service in the coming weeks. “The offering will let customers buy a product through Apple and split up the cost over several months with interest-free payments,” reads the write-up.
Here’s what Apple will reportedly offer:
12-month interest-free payment plans for:
- Apple Pencil
- Pro Display XDR
- iPad keyboards
Six months with no interest for:
- Apple TV
A similar feature for iPhone purchases was introduced to Apple Card holders last December, allowing them to purchase a shiny new iPhone with interest-free monthly installments while earning three percent Daily Cash back for their purchase.
The upcoming plans for other Apple devices also include the three percent cashback and are compatible with Apple’s educational discounts as well.
The payments will be managed through the Apple Card section in the Wallet app on the iPhone and charges will be added to a customer’s monthly Apple Card bill.
The program is similar to those by carriers selling phones and other products, offering consumers another avenue to purchase these items with monthly payments.
Apple’s boss Tim Cook said on the recent earnings call with investors and Wall Street analysts that his company would be launching an installment payment service for products beyond the iPhone. “As you know, we launched the payment plan earlier on Apple Card for iPhone,” he said. “We’re working on that for other products and you’ll see something on that shortly.”
I would absolutely love to split up the cost of a brand new Mac Pro over time, especially in this post-coronavirus economy, but unfortunately the Apple Card is unavailable where I live and the Mac Pro is currently not covered by these upcoming installment plans.
How about you? Are you an Apple Card customer? And if so, would you consider taking advantage of the Apple Card installment plans when buying new Apple gear?
Let us know in the commenting section down below!