Make Your iPhone Dreams Come True: Buy on Installments

by jialezheng   ·  5 months ago   ·  

Every now and then the tech news is filled with the launch of a new iPhone by Apple Inc. However, if we remove the hype, their smartphones are quite expensive for any person. Many dream about having their own iPhone the moment its teaser is launched on social media or other platforms.

To make this easier, an iPhone installment purchase is the best option. You will not have to worry about paying the whole amount at once. Rather the total amount will be divided into easier EMIs. Numerous online stores provide this service through the right gateways.

Apple Card

If you are a true iPhone Fan, then you would love the idea of getting an iPhone through an Apple Card. The owner of the card can make an easy purchase of any Apple product purchase. You just have to make monthly payments of small installments.

And the best part is that these EMIs are completely interest-free! Additionally, the user will also receive an extra 3% regular cashback on upfront Apple product purchases. This amount will be added to the Apple Card, you can access and use this from the Wallet App.

Advantages of Buying iPhone on Installments

Buying iPhone installment is a great way to save money in the short-term. Few other benefits of this process are:

  • Increases the User Affordability
  • Use the Saved amount for other Transactions
  • Easy Monthly Payment of the total amount

Why is EMI a better option?

If you are planning on treating yourself with the latest iPhone, then you will have to keep your bank account ready for the huge blow. High pricing is the only reason why most consumers take a step back from purchasing amazing smartphones. They cannot endure paying such a large amount at once.

While there are other cost-effective options available, iPhone installment purchase is the best way out. The biggest benefit to the user for getting the gadget on EMI is that you can “buy it now and pay the amount later”. Divided into easy installments, the repayment process is very simple.

It is almost like a small-term loan. You buy the product from the amount received from the “loan”. And repay the total amount in quick budget-friendly EMIs every month. Based on the total amount and selected plan, the repayment tenure will differ in every case. This can range from quick 3 months to 2 years as well.

You can also use your credit card to purchase the iPhone and avail of the buy now pay later service. However, it is not compulsory for you to complete the transactions from credit cards; you can also use other finance options as per the availability.

Should you go for an iPhone Installment purchase?

Even though buying an iPhone on installments sounds fun, you should avoid getting it on EMI as much as you can. This is because when calculated, the buyer of iPhone installment pays less money in the short-term.

However, in the long run, they actually end up paying more than the total product pricing. This means that you must only choose the EMI option if you are absolutely sure and have an urgent requirement. Also, review all the additional expenses related to the iPhone installment services.

Installment Plans or Credit Cards?

If you have thought iPhone installment purchase through, then you would know that there are two options to repay the amount. These are credit cards and installment plans; you can choose the one that fits your situation the best. However, if you are still confused then read the following-

  • For Installment Plans:

By opting for installment plans, you will not have any interest applied to the monthly installments. But, this is only available for a particular time period. Moreover, you will have to clear the monthly due without any faults. You might even have to sign a new smartphone contract, based on the provider’s requirements. Lastly, this will also provide you credit support in the future when you are buying a new smartphone.

  • For Credit Card:

On the other hand, if you choose to pay for iPhone installment through a credit card, the amount will be applied with an annual percentage rate (APR). This will be applicable to you unless you are a new card owner, with a 0% APR for the initial stages.

Furthermore, you will not have to worry about creating a new smartphone contract, unlike installment plans. The user only has to clear the minimum monthly amount. It also provides an opportunity to earn rewards, cash backs, and other benefits.

Final Verdict

iPhone installment is a great option for you if you are in real need of buying a smartphone. You can opt for paying through various mediums, including credit cards, installment plans, and more. Since you only have to pay small EMIs every month, you do not have to worry about spending heavily in just one month.

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