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Apple Card may offer monthly installment plans for iPads and Macs

Apple devices could be easier to purchase if you're already loyal.
Jon Fingas, @jonfingas
June 6, 2020
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CUPERTINO, CA - MARCH 25: Jennifer Bailey, vice president of Apple Pay, speaks during an Apple product launch event at the Steve Jobs Theater at Apple Park on March 25, 2019 in Cupertino, California. Apple announced the launch of it's new video streaming service, unveiled a premium subscription tier to its News app, and announced  it would release its own credit card, called Apple Card.  (Photo by Michael Short/Getty Images)
Michael Short/Getty Images

The Apple Card already has perks if you’re buying from Apple itself, but the company is apparently willing to further sweeten those incentives. Bloomberg sources say Apple is planning a Card feature that will let you buy “many” products (not just the iPhone) in monthly, interest-free payments. You could pay off iPads, iPad accessories, Macs and even the Pro Display XDR in 12 months, and smaller gear like AirPods, Apple TV and HomePod in six months. The option would reportedly be ready in “the coming weeks.”

Apple declined to comment, although chief executive Tim Cook hinted in April that installment plans were coming for devices besides the iPhone.

If accurate, this would clearly be intended to fuel Apple Card enrollment and device sales. It would also represent an extension of Apple’s efforts to address economic hardship during the pandemic. Ideally, this helps customers buy MacBooks and other products they might need for working from home if they can’t afford to pay the full price right away.

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