Apple is readying to launch new Apple Card monthly payment plans, similar to what it introduced at the end of 2019 for iPhone. On the last quarterly earnings call, Apple CEO Tim Cook teased that the program would expand to other products soon.
According to Bloomberg, the new financing will let customers buy products including iPad, Mac, Apple Pencil, Pro Display XDR on their Apple Card in monthly instalments, over 12 months at 0% interest. Apple will offer six-months interest free plans for cheaper products like Apple TV, AirPods and HomePod. This is less than the 24 months free financing the Apple Card offers for iPhone purchases.