Apple Card is one of the most exciting financial products to come out in recent memory, and it seems like the perks for existing users are about to increase. At the company’s quarterly earnings call today, Apple CEO Tim Cook announced that the company will soon launch an option for its customers to purchase the iPhone at 24-month easy installments at zero interest. This is an aggressive plan and will certainly encourage more users to purchase iPhones directly via Apple rather than going through third-party retailers.
This will also include the 3% cashback that users get for every purchase made with Apple Card on its online store, so you end up saving quite a lot on your iPhone over a 2-year period using this plan. Unfortunately, Cook didn’t specify when the service will be launched although he did mention that it will be launched later this year.
Perhaps Apple plans to launch this service by December keeping the holiday shopping season in mind. It is worth mentioning that this payment plan will only apply to iPhones, while we cannot rule out the possibility of products like iPads and Macs eventually being included in the list.
Speaking on the performance of Apple Card since its arrival, Apple reportedly believes this is the “most successful launch of a credit card in the United States ever” which is a sentiment that was echoed by the Goldman Sachs CEO recently. Apple Card offers massive benefits to customers especially if they’re purchasing products on apple.com.
Are you an Apple Card user? How has your experience been so far?