Tim Cook has revealed that Apple will soon offer the option to buy an iPhone with 24 months interest-free financing when using Apple Card.
Announced as part of Apple’s Q4 2019 financial earnings results, which saw the company report revenue of $64 billion and profit of $13.69 billion, Cook touted the new payment option will be available later this year, with Apple Card users receiving their 3% cash back on the total cost of their new iPhone as part of their Daily Cash rewards.
Apple Card is currently exclusive to the United States, although numerous reports have suggested Apple is gearing up to roll out Apple Card across the globe, with the latest claiming the service may expand into Canada in spring/summer 2020.
I’m very pleased to announce today that later this year we’re adding another great feature to Apple Card: customers will be able to purchase their new iPhone and pay for it over 24 months with zero interest. And they will continue to enjoy all the benefits of Apple Card, including 3% cash back on the total cost of their new iPhone with absolutely no fees and the ability to simply manage their payments right in the Apple Wallet app on iPhone.