The Apple Card was originally launched in 2019, and one of its greatest features is Monthly Installments, which is an interest-free financing option available for many Apple products, including the iPhone, iPad, Mac, and Apple Watch. Under an installment plan, monthly installments, remaining balance, and payment history can be viewed in the Wallet app with an option to pay the remaining balance at any time.
The Monthly Installments term for Apple Watch purchases has been 24 months; however, if you read the fine print on Apple’s website when purchasing an Apple Watch, that term will change to 12 months starting August 15. Do note that this means that the monthly payments will be higher, but the good thing is that the Apple Watch will be paid in full more quickly given the shorter term. This is still a good deal considering that the Apple Watch is still one of Apple’s more affordable devices. Apple Watch SE starts at $249, and the Series 8 starts at $399.
Other installment plans include a 24-month term for iPhones, a 12-month term for Macs/iPads, and a 6-month term for AirPods/Apple TV.
