Apple to offer no-interest financing on products for cardholders
“#Apple to offer no-interest financing on products for cardholders”
June 8, 2020 | 11:20am
Apple Card holders will soon be able to buy a wider selection of the iPhone-maker’s products on interest-free installment plans spread out over 12 or 24 months.
While the installment offer had previously only been available for the iPhone, it will soon expand to an array of goods, including iPads, Mac computers, AirPods and the Apple TV, as well as a number of Apple accessories, according to Bloomberg.
Apple already offers Apple Card customers 3 percent cash back on Apple purchases. Apple Card users are incentivized to stay within the Apple product ecosystem because the card can’t be used unless you own an iPhone.
The titanium credit card — a joint venture between Apple and Goldman Sachs — was unveiled in March 2019, and is designed to be used through Apple Pay, with Apple software helping customers track their spending and payment habits.
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