WolkyTech

Apple cards have just made the way for Mac, ipad and AirPods more affordable

General

Last year, Apple Card introduced an interest-free monthly payment plan for customers who used it to purchase a new iPhone. Now, Apple Card customers can get 0% interest financing on purchases of Macs, iPads, AirPods, Apple TVs, HomePods, and some accessories and related products.

During Apple's April 30 earnings call, CEO Tim Cook announced that the Apple Card interest-free monthly payment plan will be extended to non-iPhone products. The new financing options (available in the U.S. only) vary by product and offer shorter terms than the iPhone plan.

The Mac and iPad have 12-month payment plans with 0% APR, while the AirPods, Apple TV, and HomePod have 6-month payment plans. In other words, a $249 AirPods with an Apple card would cost $41.50 per month for 6 months (excluding tax); a 16-inch MacBook Pro would cost as low as $199.91 per month for 12 months.

To take advantage of the 0% interest rate financing, you must have an Apple Card. Then, when shopping at the Apple Online Store, select the Apple Card monthly installment at checkout.

Some related accessories are also eligible for financing. Eligible Mac-related accessories include the Pro Display XDR, Pro Stand, VESA Mount Adapter Kit for iMac Pro, Apple Afterburner Card, and leather sleeves for MacBook Air and MacBook Pro. Eligible iPad accessories include Magic Keyboard for iPad Pro, Apple Pencil, Smart Keyboard Folio for iPad Pro, Smart Keyboard for iPad and iPad Air, Smart Folios and covers for iPad Pro and iPad.

Apple Watch and iPod Touch are not available for financing at this time.

Apple Card users will earn the standard 3% Daily Cash on Apple purchases in addition to interest-free payments.

Apple clearly wants more customers to join the Apple Card. Also, despite the coronavirus recession and continuing unemployment across the U.S., the new financing options could boost Apple's sales volume.

Apple also announced a graduation/return to school campaign for students. Starting today, customers who purchase a Mac or iPad from Apple's Education Store can get AirPods for free.