Business

Apple Card to allow installments for iPad and Mac purchases

Payments will be managed through the Apple Card section in the Wallet app on the iPhone

Apple's customers will be able to buy products over monthly installments via its Apple Card credit card. Photo: Shutterstock
  • People familiar to the matter told the service will roll out in the coming weeks;
  • It will allow customers to buy a product through Apple and split the cost over interest-free installments.

Apple 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, as reported by Bloomberg.

Bloomberg anticipates that the tech giant is planning to roll out the service in the coming weeks, according to people familiar with the matter. It will let customers buy a product through Apple and split up the cost over several months with interest-free payments.

READ ALSO: Disney+ and HBO Max to capitalize on Latin Americans’ stacking platforms

The story also tells about 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.

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.