Skip to content
Back to the daily read

Daily Read: Tech

Apple's Upgrade Program May Make Its Credit Card Obsolete

Apple's recent introduction of the Apple Upgrade Program has sparked a debate about its impact on the Apple Card. The program allows users to lease Apple products with lower monthly payments and still receive 3% daily cash back. While the Apple Card offers 0% financing for 6, 12, or 24 months, the upgrade program provides a more digestible monthly payment option. Users can lease products for up to 36 months, making it a more attractive option for business expenses. However, critics argue that the program may lead to a debt cycle and trap users in a lease agreement.

· Watch on 9to5Mac

The essential points

  1. 01Apple Upgrade Program offers lower monthly payments compared to Apple Card financing
  2. 02Users can lease products for up to 36 months, making it suitable for business expenses
  3. 03The program still provides 3% daily cash back, making it an attractive option for Apple Card users
  4. 04Critics argue that the program may lead to a debt cycle and trap users in a lease agreement
The full brief

Apple's recent introduction of the Apple Upgrade Program has sparked a debate about its impact on the Apple Card. The program allows users to lease Apple products with lower monthly payments and still receive 3% daily cash back. While the Apple Card offers 0% financing for 6, 12, or 24 months, the upgrade program provides a more digestible monthly payment option.

Users can lease products for up to 36 months, making it a more attractive option for business expenses. However, critics argue that the program may lead to a debt cycle and trap users in a lease agreement.