Apple Card users could soon be offered interest-free payment plans for iPad, Mac, AirPods, and more, one report claims.
Sources say Apple is planning to roll out the new service, which will make many of its pricey products more accessible, in the coming weeks. Users will be able to spread the cost of their purchase over as many as 12 months.
“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,” reports Bloomberg, citing people familiar with the matter.
Apple already offers a similar program for iPhone, but it is expected to extend the service to a whole bunch of other products — including XDR Display, Apple TV, HomePod, and even Apple Pencil.
Spread the cost of purchases with Apple Card
The payment plans are designed to encourage enrollment for Apple Card, as well as boost sales of Apple products. It would come at the right time, with people spending less on nonessential goods during the COVID-19 pandemic.
Apple CEO Tim Cook mentioned an installment service for products other than iPhone during the company’s second-quarter earnings call in April. However, he did not specify timing or which products would be supported.
If indeed the service does arrive in the coming weeks, Apple could announce it during its WWDC 2020 keynote on June 22. The event could also bring new hardware, including a new Apple TV and HomePod.