Following some confusion as to a zero percent APR financing offer for some Apple Card customers, Apple has extended the terms of the financing after some customers incorrectly assumed they would receive the payment option with their purchase.
Last week, Apple and banking partner Goldman Sachs sent out an email informing certain Apple Card customers that they were entitled to zero percent financing on their recent Apple product purchase.
This apparently lead to some cardholders expecting the financing perk, known as Apple Card Monthly Installments, on ineligible items. Apple noticed the confusion and has decided to honor the installment conditions for certain transactions:
“We understand that some customers expected to receive 0% APR financing automatically when purchasing Apple products with their Apple Card. If you expected to receive 0% APR financing with Apple Card Monthly Installments when purchasing an Apple product from either Apple or an Apple Authorized Reseller, but you did not, we can help.”
The original offer was slated to end on December 8, although Apple has extended the deadline to December 15.
A special program available to Apple Card customers, Monthly Installments is a zero percent financing option that applies to purchases made through Apple.com, the Apple Store app or at a brick-and-mortar Apple Store. Most major product lines, including iPhone, Apple Watch, iPad, Mac and AirPods and Apple TV, are considered eligible for monthly installments. Payment periods range from six months to 24 months, depending on the product.
Stay tuned for additional details as they become available.
Via AppleInsider and 9to5Mac