Apple lowers iPhone Trade-up credit, abandons interest-free financing<article>
<section class="page">
<p>Apple has made it easier to upgrade to a new iPhone, but it’s going to cost you.</p><p>This week,
9to5Mac spotted some key differences in
Apple’s Trade-Up page. Most notably, Apple has reduced the maximum credit that you can get from trading in your old iPhone, from $300 to $250. Additionally, this credit can be used to pay for a new device up front or lower your monthly installment payments to a carrier like Verizon or AT&T.</p><p>Previously, Apple gave buyers the ability to use the credit from their old iPhones toward an interest-free loan for a new phone through its
Trade-Up with Installments program. The financing was provided by Citizen Bank, but customers made the monthly payments to Apple directly. Even though the Trade-Up with Installments program was just introduced in February, it appears Apple will no longer be offering this alternative and has switched to letting carriers handle the financing.</p><p class="jumpTag"><a href="/article/3089481/apple-phone/apple-lowers-iphone-trade-up-credit-abandons-interest-free-financing.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article>
Source:
Apple lowers iPhone Trade-up credit, abandons interest-free financing
