Apple kills off Barclays Credit Card financing in favor of Apple Card | Appleinsider

Advertisement

BEGIN ARTICLE PREVIEW:

Apple customers won’t be offered the ability to finance their purchases via the Barclaycard Financing Visa anymore, with retail employees informed the partnership between the two companies ended on September 15. For a considerable time, Apple customers were able to buy their purchases using a deal with Barclaycard where they could apply for a credit card, reducing a large purchase down to more manageable installments. As of September 15, that offer will no longer be offered to customers buying hardware or making large purchases. According to a memo to employees seen by Bloomberg, users won’t be able to apply for the credit card in stores or via the website from Tuesday. Existing cardholders will still be able to use the card, but as a normal credit card. Rather than Barclays, customers in the United States will instead be pointed towards Apple Card, a branded card managed by Goldman Sachs. Apple Card started offering a financing option for iPhones from December 2019, but expanded it to cover other products, including Macs, iPads, and accessories in June. Apple Card’s financing varies between devices, with higher-priced items having longer 12-month options, while smaller purchases can have 6-month 0% interest plans. Bundles of products can also be acquired …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE