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Apple Canada ends interest-free finance program as financial providers change within the country

Apple has terminated the Canadian market’s last option for interest-free financing of iPhones, Macs, and more. Canada doesn’t have access to Apple Card or other financing options like iPhone Upgrade Program, but Apple customers did have a zero-interest finance option for a time. PayBright offered a zero-interest finance option in Canada as a subsidiary of […]

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Rumor: Apple Pay Later beta testing expanding, monthly program may be in development

You can’t argue with paying later. When the Apple Pay Later feature was announced at WWDC 2022, the “buy now, pay later” feature has not yet launched to the public. This could soon change, as a report has suggested that Apple has “expanded an internal test” of the feature to its thousands of retail employees, […]

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Apple Card interest rates expected to rise along with Fed’s interest rate hike

As is won’t with most credit cards, the Apple Card’s interest rate on overdue balances will rise as the Federal Reserve raises its benchmark overnight interest rate in an attempt to slow inflation in the United States. As of July 1, the Apple Card’s variable APRs now range from 12.49 percent to 23.49 percent based […]

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Apple creates Apple Financing LLC to handle Apple Pay Later lending

During its WWDC 2022 keynote, Apple announced its new “Apple Pay Later” program, which is set to debut this fall and allows shoppers to break their payments for purchases into four equal installments, over six weeks. The company is apparently also handling the lending through the use of its new wholly-owned subsidiary, as opposed to […]

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WWDC: Apple Pay Later purchase option to debut with iOS 16

Over at the Worldwide Developers Conference, Apple on Monday, announced that the company will be introducing a “buy now pay later” feature known as “Apple Pay Later” purchase option into iOS 16. The plan will allow U.S.-based users to spread the cost of a purchase into four payments over six weeks without interest or fees. […]