Apple Revises Payment Plan Terms in Canada for iPhone 13 Lineup
Last year, Apple introduced its ‘buy now, pay later’ program in Canada, offering interest-free 12 or 24 month payments for iPhone, iPad and Mac nationwide and in Quebec, according to the compnay.
This year, however, Apple Canada’s Paybright installment plans appear to have gotten worse with the company now giving users only 6 months to pay back for their iPhone 13 and new iPad devices.
For the Mac, users have up to 12 months to pay with 0% APR.
Looks like Apple Canada’s Paybright instalment plans just got a whole lot worse.
6 month amortization on iPhones rather than 24, which is what it was yesterday, and 6 month amortization for iPads, rather than 12.@reneritchie @iPhoneinCanada @markgurman pic.twitter.com/3HZ1YKDPNQ
— Dante Vertolli (@DanteVertolli) September 14, 2021
Below, Apple gives the example of a $999 purchase over 6 months, showing $0 interest charges and processing fees.
According to the fine print, “0% APR payment plans are available on approved credit for iPhone purchases over $99, and iPad and Mac purchases over $199.”
Apple explained in an email to customers 0% APR is only available for a “limited time” and is available online and in-store.