Apple Pay Later review: A buy-now, pay-later service for Apple users

Written by: Kat Tretina
• Updated •1 min read
This date may not reflect recent changes in individual terms.
A man wearing a blue sweater and headphones sits on a park staircase and uses his smartphone to look into the upcoming Apple Pay Later service.Image: A man wearing a blue sweater and headphones sits on a park staircase and uses his smartphone to look into the upcoming Apple Pay Later service.

In a Nutshell

Apple’s upcoming buy-now, pay-later (BNPL) service, Apple Pay Later, splits purchases into four equal payments over six weeks, without fees or interest. But you’ll need an Apple device to use Apple Pay Later.
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What you need to know about Apple Pay Later

At the Worldwide Developers Conference in June 2022, tech giant Apple Inc. announced that it would be entering the buy-now, pay-later (BNPL) market with upcoming Apple Pay Later service.

Who is Apple Pay Later good for?

BNPL services are best for customers using it to make a single purchase and who can comfortably afford the payments. Just remember, with Apple Pay Later, you may have to pay off the entire purchase amount in just over a month, so if you need more time, you might want to explore other financing options, such as 0% interest credit cards — or maybe just wait and save up the cash you need if you can.

*Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the personal loan, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.

About the author: Kat Tretina is a personal finance writer with a master’s degree in communication studies from West Chester University of Pennsylvania. Obsessed with her many side hustles, she focuses on helping people pay down their … Read more.