According to CNN Underscored, the programme allows Apple Card holders to spread out the cost of many new Apple purchases over a period of 6 to 12 months – depending on the product – at a 0% interest rate. Users can manage the monthly payments from the Wallet app on the card holder's iPhone.
Products such as Macs and iPads qualify for up to 12 months of 0% interest financing if they're purchased with the Apple Card from the Apple Store, while payments on new Apple TVs, HomePods, and AirPods come with a shorter 6-month period of 0% interest. Additionally, consumers will regularly earn 3% cash back on everything they buy from Apple, while using the Apple Card, even if they choose to spread out the payments over time.
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