Four months after Apple launched its new credit card product Apple Card, the iPhone maker is now offering a financing plan that lets customers use the card to buy their next iPhone and pay for it in installments over two years, interest-free.
Here’s how it works: When you use Apple Card to buy an iPhone utilizing this financing plan which launches in the US today, your monthly interest-free minimum payment will get lumped into your overall monthly minimum Apple Card payment in the iPhone’s Wallet app. The thinking is that Apple might be able to spur more sales this way, via a recurring bill instead of a major lump-sum purchase.
In tandem with the launch of the financing plan, Apple also announced a related sweetener: The company says it will start offering a 6% discount on purchases made using Apple Card at its stores through the end of this month.
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Apple just made it even easier to buy a new iPhone originally appeared on BGR.com on Tue, 10 Dec 2019 at 20:08:45 EDT. Please see our terms for use of feeds.
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