All U.S. iPhone, iPad users can now borrow up to $1,000 from Apple for 6 weeks interest free

All U.S. iPhone, iPad users can now borrow up to $1,000 from Apple for 6 weeks interest free،

Earlier today, MacRumors noted a change in the United States support page for Apple Pay Later which removed the phrase “Apple Pay Later is currently only available to customers invited to access a preview version.” » This means that Apple’s short-term interest-free loan service is available to all iPhone and iPad users in the United States.

You may notice in our March article that the minimum loan amount was $50, but Apple has now increased it to $75. Every time you borrow money with Apple Pay Later, you’ll need to create a new application, which Apple says won’t affect your credit score. Not everyone can have the privilege of borrowing money from Cupertino guys because you have to be 18 years or older. Due to some local laws, Apple Pay Later is not available in Hawaii, New Mexico, Wisconsin, and the U.S. territories.

Apple Pay Later can be set up in Apple Wallet or when making an online or in-app purchase by making a payment. The first time you use it, Apple will ask you for some basic information. Once you provide this information to Apple, you will not have to provide it to the company again, although you can update the information whenever necessary.

Apple Pay Later payments are presented in an easy-to-understand format

To apply in Apple Wallet, open the app, tap the “+” button in the upper right corner, and tap Set Up Apple Pay Later. Follow the instructions on the screen. To apply during a purchase, at checkout, tap Apple Pay, tap the Pay Later tab and follow the on-screen instructions.

If you want to see the Apple Pay Later option when you use Apple Pay online or in apps on your iPhone or iPad, you’ll need to enable the feature. Go to Settings > Wallet and Apple Pay and enable the Show Apple Pay later option. Once you take out an Apple Pay Later loan, you can track and monitor your loan and even see when you need to make payments on a schedule. You will also receive a Wallet notification and an email reminding you when a payment is due.

If you plan to use Apple Pay in the future, be sure to enable this setting found in the Wallet & Menu tab Apple Pay - All US iPhone and iPad users can now borrow up to $1,000 with Apple for 6 weeks without interest

If you plan to use Apple Pay later, be sure to enable this setting found in the Wallet and Apple Pay menu.

A debit card linked to the Apple Wallet app must be used as the loan repayment method. Apple will not allow the use of a credit card to pay off Apple Pay Later because it would be like using debt to pay off debt, which is considered financially irresponsible.