Apple Card users can now finance iPhone purchases for 24 months, interest-free

Apple on Wednesday introduced a new program that will allow Apple Card users to finance their iPhone purchases for 24 months, without paying interest plus buyers get 3% back on purchases…

Sarah Perez for TechCrunch:

It’s not quite an “Apple Prime” subscription, but it’s compelling… The program aims to appeal to consumers who frequently upgrade their iPhone to the latest model, but often turn to their carrier to finance those purchases.

With the Goldman Sachs Apple Card, those iPhone users will have another option — and one without the associated interest and fees of a traditional credit card purchase, Apple says. In addition, the Apple Card offers 3% back on purchases from Apple, which further sweetens the deal.

The program helps to lay the groundwork for what some believe may eventually become a larger subscription product for Apple, or a so-called “Apple Prime”… Already, Apple has begun to experiment with subscription bundles. This week, for example, it announced a bundle for students that includes Apple Music and Apple TV+ for the same price as a student Apple Music subscription alone ($5/mo). And in a sense, Apple is already bundling its new Apple TV+ streaming service with its hardware, as it’s giving the service away for free with a new device purchase in its first year.

MacDailyNews Take: Apple Card is a great way for those who only upgrade their iPhones ever 24 months to buy/finance their purchases, interest-free and with a 3% cash back bonus!


  1. I wanted this on Apple Card launch. I’m actually frustrated but still happy that at least we can look forward to this next year. 0% is same as cash. Better to use their money than my own.

    1. The iPhone has such a tiny global market share, so why would it matter? It’s just a credit card that can be used for any product and no one is being forced to buy an iPhone. It may be a tempting offer to buy an iPhone, but nothing more. I just don’t see how it becomes a monopoly problem with the iPhone losing overall market share percentage.

  2. When you know you’re important because you once knew Steve Jobs, you see things regular folk can’t see. I have this special power to see recessions, and I do. The recession is in my mental capacity, cognitively speaking.

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