@Anonymous wrote:
The only way this is better than using a cc with 0% option.. Is auto upgrade, but at that point seems like phone is almost a rental..
You keep your phone then. 
If you brought iphone 7 and 12 months later comes iphone 7S and say "nah i think ill wait for iphone 8, you can. Just keep your phone 7S for another year and before 24 months is up here comes iphone 8 then you can decide then if you want to continue the iphone upgrade for another 2 years with apple care included or drop it and pay the phone upfront in full on a 0% apr credit card. The difference ? I would never pay $32 as payment to a credit card when balance is $700 and most likely minium due will be more than $32. Remember theres a difference between a credit card and an installment loan. An installment loan is fixed. Thats what you pay. Credit card is not. Thats the difference between using a credit card with 0% option vs using the Upgrade program option to purchase your iphone. To cater those who cant afford to pay it in full of course or want to spread their financial wealth in order to gain more bang for the buck.
How does one know there is no interest applied on this upgrade program? Sounds like a rental, though.. even if no interest.
I can't read the terms and conditions on the upgrade program.. maybe they will tell us more later. I hate that you have to schedule an appointment to do it.. how easier would it have been to do this online. (would have been better for people who don't have an Apple store near them.)
@Kenny wrote:How does one know there is no interest applied on this upgrade program? Sounds like a rental, though.. even if no interest.
I can't read the terms and conditions on the upgrade program.. maybe they will tell us more later. I hate that you have to schedule an appointment to do it.. how easier would it have been to do this online. (would have been better for people who don't have an Apple store near them.)
You not renting your phone. You paying for membership. To upgrade your phone as you liked in addition having 12 months 0% apr to pay for your phone. Like carriers you pay each month for your phone or you can pay in full. Paypal credit is not iphone upgrade program. I use paypal credit (which i love) because its hidden and does not report or go against your overall ultz. Unlike citizens bank with iphone upgrade program (still waiting) applying for barclay apple visa financing and paypal credit is hard pull. However with paypal credit if you need more credit to finance your purchase its always a soft pull. I went from 250 to 5,000 or whenever i go over my limit it was always a soft pull.
What's the pricing for the Apple upgrade program?
Pricing starts at $32.41 a month for a 16GB iPhone 6S and goes as high as $44.91 for the 128GB iPhone 6S Plus. The pricing is on top of the monthly fee you'll pay for wireless service from your carrier. 
Do customers have to return their old iPhone when upgrading to the next model?
Apple's program is essentially an installment plan combined with an early upgrade program. It spreads payments for the new phone over 24 months. Customers can upgrade free after 12 payments. To upgrade, they must trade in their existing iPhone; then the clock resets on the monthly payments for the new device.
If customers choose not to upgrade, they can continue paying off the device. After 24 months, they'll own the phone and can keep it, sell it, give it to a family member or use it as a backup device.
If customers want a new phone after making 24 payments, they can keep their paid-off phone and sign up for a new device, assuming Apple continues the program.
How does pricing for Apple's new plan compare to similar plans from the carriers?
Look at the chart below and you'll see that Apple's program is likely to be pricier than most of the other offers.
