What happens if I get approved for a (for example) $1,000 loan, but choose to buy something for less than that amount?
I have the $1,000 loan, but use that “Card” to pay for a $25 meal…
Do I have the option to continue to use that “Card”/loan until I reach its limit, then start to pay it off?
iPhone 12 Pro, iOS 14
Welp, I Completely missed this in the Launch Article….
“You can use your Apple Pay Later Available to Spend amount to make a purchase up to 30 days after you're approved.6
Apple Pay Later loans can only be used once. If you spend less than the total amount you were pre-approved for, the remaining funds can’t be used for a different purchase.”
Welp, I Completely missed this in the Launch Article….
“You can use your Apple Pay Later Available to Spend amount to make a purchase up to 30 days after you're approved.6
Apple Pay Later loans can only be used once. If you spend less than the total amount you were pre-approved for, the remaining funds can’t be used for a different purchase.”
Update:
I have successfully made multiple purchases with one loan request.
I was told by Apple, and the site suggests, that only one purchase could be made per loan. This is incorrect.
It’s also interesting that only after my second purchase, did a second color of “flakes” appear on the “card” in Apple Wallet.
My first purchase showed 4 orange “flakes” (representing 4 remaining payments—now 2 “flakes” remain). Then after my second purchase, 4 new green “flakes” appeared!
I mention this because the Apple Pay Later “Card” that Apple shows on the website has about 4 different colors of “flakes” on it!
APL is still in beta to the best of my knowledge. This may be > fixed < when it releases for everyone to apply.
ApplePay Later- Buy Something for Less Than…
