{"id":110935,"date":"2019-12-11T10:26:54","date_gmt":"2019-12-11T15:26:54","guid":{"rendered":"https:\/\/www.borndigital.com\/?p=110935"},"modified":"2021-05-28T15:28:57","modified_gmt":"2021-05-28T19:28:57","slug":"apple-financing","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/apple-financing","title":{"rendered":"Apple Introduces Financing Options to Apple Card"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Need to Know<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Apple Card has launched an interest-free payment option to purchase new iPhones.<\/li><li>Customers typically receive 3% cashback on all Apple purchases, but until December 31, they will receive 6%.<\/li><li>The new launch opens the door for new potential subscription bundles with Apple.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Analysis<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>Apple has <a href=\"https:\/\/techcrunch.com\/2019\/12\/10\/apple-cards-interest-free-iphone-installment-plan-goes-live-now-with-6-back-on-apple-holiday-purchases\/\">launched a new feature<\/a> for its flagship credit card, Apple Card, which allows cardholders to purchase a new iPhone and pay it back over 24 months.&nbsp;<\/p>\n\n\n\n<p>To incentivize users into signing up for and using the Apple Card, the payments are interest-free and Apple will also provide cashback. Throughout the year, the Apple Card offers 3% cashback on Apple purchases, but for the holiday season, it will be boosted to 6%.<\/p>\n\n\n\n<p>While many brands including Apple itself offer payment plans for their products, it usually involves a lengthy application process through a third-party provider. <a href=\"https:\/\/brainstation.io\/2019\/04\/03\/apple-card-is-the-digital-leap-the-payments-world-needed\">The Apple Card<\/a>, launched earlier this year, allows users to apply for a card directly from their iPhone, get approved, and have it provisioned in their Apple Wallet in minutes.&nbsp;<\/p>\n\n\n\n<p>Apple Card has zero annual fees or over-limit charges, and the Wallet app helps users with optimizing payment schedules, budgeting tools, and purchase history. The new interest-free option, applied for and received entirely on the iPhone, is a first for Apple and a first for major tech companies.&nbsp;<\/p>\n\n\n\n<p>This means Apple users can manage all payments for any of their products through Apple Wallet. This new program also lays the groundwork for what could grow to become a larger subscription service in the future. Apple users could eventually buy the iPhone and all of the services they want to go along with it\u2014iCloud, Apple Music, Apple TV+, etc.\u2014and pay for it all without putting their phone down.&nbsp;<\/p>\n\n\n\n<p>Obviously, for Apple, this is a great way to <a href=\"https:\/\/www.inc.com\/don-reisinger\/apple-has-added-an-interest-free-way-to-buy-an-iphone-pay-for-it-over-time.html\">incentivize new customers<\/a>. Among other options for trading in used phones to upgrade to new ones, there is now an interest-free way to go about it which also offers 3% cashback. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Need to Know Apple Card has launched an interest-free payment option to purchase new iPhones. Customers typically receive 3% cashback on all Apple purchases, but until December 31, they will receive 6%. The new launch opens the door for new potential subscription bundles with Apple. Analysis Apple has launched a new feature for its flagship [&hellip;]<\/p>\n","protected":false},"author":76314,"featured_media":110293,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,3414],"tags":[191,3369],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-110935","magazine","type-magazine","status-publish","has-post-thumbnail","hentry","category-News","category-technology-News","tag-apple","tag-apple-card"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/110935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/76314"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/110935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/110293"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=110935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=110935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=110935"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=110935"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=110935"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=110935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}