You’ll soon be able to finance an iPhone interest-free with your Apple Card
“My Apple Card limit is only $250 though?” – Josiah
Pay over 24 months with equal payments, zero interest, and you still get your three percent cashback for buying an Apple device with your Apple Card. That’s a lotta Apple in one sentence.
If you use your Apple Card to buy your iPhone, you’ll get interest-free payments
Later this year, you’ll be able to finance an iPhone with zero interest over 24 months, directly from Apple. You’ll need an Apple Card to do so though. This is pretty similar to how cellular phone providers get you paying for your device with your monthly service bill, just it’ll be direct from Apple.
That’ll probably do wonders for the company’s bottom line, which has been flagging with slowing iPhone sales shipments.
It’s the circle of iPhone:
- Buy your iPhone with your Apple Card
- Pay over 24 months with zero interest
- Get three percent cashback on the purchase
- Make your payments through the Wallet app
It’s not quite the iPhone subscription plan that Cook also alluded to during the call, but it’s a step in that direction. With Apple fast becoming a services company instead of a hardware one, is the future leased devices to consume the company’s other services?
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