Apple brings in a new policy of sales for its users who are enthusiastic of using its products, but cannot afford a single down payment. Apple cards can be used on a monthly installment process to buy products including Macs, iPads, and AirPods.
iPhone Wallet app will have access to the Apple card and so the users will be permitted to pay there on a monthly basis. There are two different plans coming up. Macs, the Mac XDR Display monitor, iPads, and iPad keyboards, and the Apple Pencil will have an interest-free payment for an year. HomePod, AirPods, and Apple TV can be availed with six months interest free amount.
Recollecting back, Apple allowed a 2 years interest-free payment plan for iPhones last year. These payments were deducted using an Apple Card that gives 3 percent cash back. The company introduced the Apple Card in August 2019 in association with Goldman Sachs.