Apple Card adding 0% financing for iPhone purchases later this year

Apple CEO Tim Cook announced today that Apple Card will soon be adding a new feature for iPhone financing. Starting later this year, Apple Card users will be able to finance iPhone purchases with 0 percent interest.

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Cook made the announcement on Apple’s Q4 2019 earnings call this evening. When the feature rolls out later this year, Apple Card users will be able to finance iPhone purchases over 24 months with 0 percent interest. You’ll also still get 3 percent cash back on your iPhone purchases.

This is a lot like other financing options for iPhone purchases, such as the iPhone Upgrade Program. The key difference is that you’ll be able to manage payments in the Wallet app directly.

Cook also said that Apple Card has been the “most successful launch of a credit card in the United States ever.”

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