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Technology Apple Preparing Monthly iPad, Mac Payment Plans for Apple Card

00:06  07 june  2020
00:06  07 june  2020 Source:   bloomberg.com

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(Bloomberg) -- Apple Inc. is preparing to allow customers to buy many of its products, including iPads, Macs and AirPods, over monthly installments via its Apple Card credit card.

a person using a laptop computer sitting on top of a wooden cutting board: Attendees use a drawing program on an iPad tablet during the opening of the new Apple Inc. Carnegie Library store at Mount Vernon Square in Washington, D.C. © Photographer: Anna Moneymaker/Bloomberg Attendees use a drawing program on an iPad tablet during the opening of the new Apple Inc. Carnegie Library store at Mount Vernon Square in Washington, D.C.

The Cupertino, California-based technology giant is planning to roll out the service in the coming weeks, according to people familiar with the plan. The offering will let customers buy a product through Apple and split up the cost over several months with interest-free payments.

Apple's new iPad Pro Magic Keyboard is available to order now

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Apple Card has a new Monthly Installments financing option that allows customers to purchase an iPhone with the Apple Card and pay for it over two You can use Apple Card Monthly Installments to buy more than one iPhone. The number of iPhones you can buy is only limited by your available credit.

The company will offer a 12-month interest-free payment plan for iPads, Macs, the Apple Pencil and iPad keyboards, as well as the Mac XDR Display monitor, and six months with no interest for the AirPods, Apple TV, and HomePod, the people said.

An Apple spokeswoman declined to comment.

The payments will be managed through the Apple Card section in the Wallet app on the iPhone and charges will be added to a customer’s monthly Apple Card bill. Apple started a similar program for the iPhone last year, offering 24 months no interest.

The program is similar to those by carriers selling phones and other products, offering consumers another avenue to purchase these items with monthly payments.

The service is also designed to spur enrollment for the Apple Card, a joint effort with Goldman Sachs Group Inc., and boost sales of Apple products by letting users split up the cost over time. It will be compatible with Apple’s education discounts, the people said.

Apple Chief Executive Officer Tim Cook said on the company’s second-quarter earnings call in April that the company would launch an installment payment service for products beyond the iPhone, but he didn’t specify timing or features.

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©2020 Bloomberg L.P.

Apple's 256GB iPad mini is $50 off at Amazon .
Amazon is making it easier to buy a small tablet that still has gobs of storage for apps and videos. The retailer is selling the current-generation iPad mini with 256GB of storage for $50 off, bringing the WiFi-only version down to $499 while the WiFi + Cellular model has dipped to $629. Given that each comes with a modest 64GB of space in their base configurations, this might be your best chance in a while to future-proof your storage without paying the usual premium. Apple iPad mini (2019) Buy iPad mini (WiFi) on Amazon - $499 Buy iPad mini (WiFI + Cellular) on Amazon - $629You likely know what to expect from this iPad mini, but that’s not necessarily a bad thing.

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