Unusual in the US, Apple now allows installment payments up to 12x with Apple Card
This is news that can leave many confused given the financial habits so different between many countries and Americans, but come on: Apple is finally allowing its buyers to split their purchases.
Yes, in the United States it is not common for credit cards to be used for payment in installments. This is because cultural and financial habits and economic development in general are different. The public usually only makes financing for purchases of huge figures, or else in specific products. Apple, for example, already had an iPhone finance program with monthly installments, for example.
With the novelty, limited to the Apple Card, Apple consumers can now split the purchase of AirPods, HomePods and Apple TVs into 6x, while iPads, Macs, Pro Display XDR and others support splitting the purchase into up to 12 installments.
The installment does not charge interest, and interestingly the Apple Watch continues to demand payment in cash. Purchases maintain a cashback of 3% of the permanent Apple Card offer, that is, the user does not lose promotional offers when joining the installment plan.
As we are well aware, the total value of purchases is deducted from the credit limit, despite the installments being paid monthly. Control of purchases, of course, is done by the Wallet app.
As you do not need an Apple Card to install our purchases, this is a novelty for Americans that does not surprise. After all, the Apple website in the country includes the installment of all products, including Apple Watch. Cash purchases, even, yield a 10% discount, which often does not help that much when purchasing that new MacBook …
And you, what do you think of this facility for Americans? Tell us in the comments!
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