Skip to main content

Digital Trends may earn a commission when you buy through links on our site. Why trust us?

Apple Card will reportedly offer interest-free installments for iPads, Macs

Apple Card owners will reportedly soon be able to pay for their purchases of Apple products such as iPads and Macs through interest-free installments.

Apple is planning to roll out the new Apple Card feature over the coming weeks, Bloomberg reported, citing sources familiar with the matter. The service is expected to attract more customers to apply for the Apple Card, while also boosting sales for Apple products by making it easier to pay for them.

According to the sources, the Apple Card will allow its holders to split the cost of Apple products over several months, with no extra fees, similar to the 24-month, interest-free iPhone installment plan that was launched in December. They claimed that iPads and their keyboards, Macs and the XDR Display monitor, and the Apple Pencil may be purchased with a 12-month plan, while a six-month plan will be offered for AirPods, Apple TVs, and HomePods.

Customers will manage the payments for the interest-free installments through the Wallet app’s Apple Card section, with the charges to be included in the monthly bill for the Apple Card. Education discounts may be applied to the service, the sources said.

Digital Trends has reached out to Apple for comments on the rumored Apple Card installment plans, and will update this article once we hear back.

Apple Card benefits

The Apple Card functions as a credit card that people may apply for directly from their iPhones. Apple has partnered with Goldman Sachs as the issuing bank and with MasterCard to support its global payment network.

The Apple Card, once approved, may be used within minutes, wherever Apple Pay is accepted. Successful applicants will also receive a physical titanium card that may be used elsewhere.

Apple Cardholders enjoy cashback of up to 3%, with security and privacy features that are tied to the customer’s iPhone. The Apple Card is also improving over time with more features, such as the rumored interest-free installment plan for more Apple products.

Editors' Recommendations

Aaron Mamiit
Aaron received a NES and a copy of Super Mario Bros. for Christmas when he was 4 years old, and he has been fascinated with…
The USB-C Apple Pencil fixes an iPad problem I’ve had for years
USB-C port on Apple Pencil

Apple launched a new stylus yesterday. The company is pushing it as an affordable alternative to the second-gen Apple Pencil. In typical Apple fashion, though, the latest stylus — called the Apple Pencil (USB-C) — is still not the most affordable option for your slate. Actually, far from it.

But it finally washes away an embarrassing product blunder, one that crippled the original Apple Pencil functionally and also made it alaughingstock from a design perspective. I won’t say much and will let the issue itself do the talking with this beautiful image:

Read more
Apple may launch new iPads soon, and you should be excited
iPad 2022 first setup.

Apple has been relatively silent since announcing the iPhone 15 series and new Apple Watches in September. However, there are rumors that new iPads could be announced soon. Although Apple didn't announce any new iPads on October 17 as originally suspected, it's evident that new iPads are likely coming at some point in the near future.

As the announcement will almost certainly be made through an online press release, not a full-blown press event, you might think these updates won't be significant. Still, this news could not have come at a better time for those planning to buy an iPad, as the holiday buying season is starting to ramp up.

Read more
This genius app turns your iPad into a Mac drawing tablet
Apple Sidecar press photo

For years, Apple fans have been able to use an iPad as a drawing tablet for their Mac thanks to a piece of software called Sidecar. That’s made by Apple, but now a rival app from Astropad has emerged, and it’s aimed squarely at digital artists and illustrators.

The app, dubbed Slate, allows you to draw on your iPad with an Apple Pencil or your finger and see the results replicated on your Mac’s display. That means your iPad essentially doubles up as a Wacom tablet, which is perfect for creative work on your Apple devices.

Read more