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Apple Card holders can now issue interest-free installments for the purchase of a new iPhone

12.12.2019 0 Comments

Apple Card holders can now issue interest-free installments for the purchase of a new iPhone

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Starting December 10, 2019, Apple Card credit card holders will be able to buy a new iPhone in interest-free installments for 24 months. This is written by CNBC.

Monthly payments will be included in the minimum credit card payment. You can track costs in the Apple Wallet app.

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To apply for installments, the user must specify it as a payment method on the company's website, in the application or offline store Apple Store. For iPhone 8, the minimum payment will be $ 18.7 per month, for iPhone 11 Pro – $ 41.6, but this is if the user does not participate in the Trade ‑ in program: if a person passes their previous Apple smartphone to the store when buying a new smartphone, then monthly payments will be less.

Also, everyone who has issued interest-free installments will be able to rely on cashback.

According to Apple CEO Tim Cook, providing the opportunity to arrange an interest-free installment plan for the purchase of a new iPhone is in line with the company's new strategy aimed at making it easier for people to access various kinds of regular payments.

Lastly, recall that Apple introduced the Apple Card in March 2019. The partners of the company are Goldman Sachs bank and Mastercard payment system. In August, the first customers in the United States received cards.

Source: VC

#apple#application#card#holders#installments#interestfree#iPhone#iPhone 8#issue#purchase#Tim cook
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