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Apple Card's 24-Month Interest-Free iPhone Installment Plan Available Starting Today

Apple Card's interest-free monthly installment plan for the iPhone is launching in the United States today, as noted by TechCrunch.

iphone apple card monthly installments
The plan allows customers to purchase a new ‌iPhone‌ with ‌the Apple Card‌ and pay for it over 24 months with no interest. Customers will continue to get 3% Daily Cash back for the iPhone purchase as well, or an increased 6% Daily Cash until December 31 as part of a holiday promotion announced today.

When paying for an iPhone with Apple Card Monthly Installments, each month's installment is included in your minimum payment amount. And unlike other purchases with the Apple Card, the installments are not subject to interest unless there is an outstanding balance beyond the 24-month grace period.

Apple Card Monthly Installments are available for purchases made at Apple Stores, Apple.com, and through the Apple Store app.

Apple already offered iPhone financing through its iPhone Upgrade Program, but the Apple Card plan has a few advantages, including cash back, managing payments in the Wallet app, and no late fees.

Apple has shared more details in a support document.

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Top Rated Comments

CheesePuff Avatar
90 months ago

This is pretty dumb. There’s no diff between the myriad of options that were already available. You get cash back w iUP if you use Apple Card already.
Was really hoping this option would have been available for unlocked & SIM-free: now THAT would have been great. Alas, still no real way to get financing on that option (beside Barclay).
This does support unlocked


I am still confused on one thing. If you are someone who automatically has the full balance paid monthly on the due date, will the full balance of the phone be included in that amount or only the monthly installment?
They're kept separate, and the balance of the phone does not affect your overall card balance
Score: 6 Votes (Like | Disagree)
terryzx Avatar
90 months ago

I could buy one with my barclay but have to pay interest. They won't give me an Apple Card because I have a barclay.
I have both cards so that must not be your reason
Score: 4 Votes (Like | Disagree)
seatton Avatar
90 months ago
Great. I can let my sugar daddy know!
Score: 3 Votes (Like | Disagree)
90 months ago
I am still confused on one thing. If you are someone who automatically has the full balance paid monthly on the due date, will the full balance of the phone be included in that amount or only the monthly installment?
Score: 3 Votes (Like | Disagree)
GGJstudios Avatar
90 months ago
I just chatted with Apple to get clarification:



Attachment Image
Score: 2 Votes (Like | Disagree)
Banglazed Avatar
90 months ago
I hope they will eventually extend this option to other Apple products such as Mac or up to a certain amount like $200 for varied financing options 6/12/24 months.

This will lead to the end of Barclays Apple Reward card.
Score: 2 Votes (Like | Disagree)
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