Wednesday, July 8, 2020

Apple to allow interest-free installments to buy Apple products with Apple Card

The tech giant Apple Inc. has a brand new way of letting its customers and users buy the products that they always wanted. This new way has a card in your hand, the Apple Card credit card. Using an Apple Card, you can buy Apple products over monthly installments. This service will be revealed to the people in the next few weeks, and soon you will be able to divide the total cost into multiple parts using the interest-free payments.

Apple will provide a 12-month interest-free plan for a lot of devices that the company makes.

Read Also: Another major Windows 10 update: Enhancements and security features

All the card payments will be present in the Wallet app of the iPhone, and the charges present here will be added to the monthly bill. Last year, a similar plan was launched for iPhones, but it had 24 months instead of 12 months. This whole idea seems like a plot to boost the sales of the Apple Card, which is under a partnership with Goldman Sachs. Tim Cook, CEO of Apple, said that the company would launch a service that would let you pay in installments for products other than the iPhone.

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Source: Bloomberg

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