I just preordered the new iPhone 7 and selected the monthly payments. I didn't realize that this payment plan is in fact a loan. I have two questions:
Thank you for your help!
Yes and I believe No. But you need to contact the online Apple Store directly for a definite answer on the second question.
1. Read the terms of the loan.
2. No. You are not receiving the financing from Apple. The bank won't accept gift cards as payment.
There is no way to pay off the loan, in lump sums, online. You probably need to call them I think. Apple could not have chosen a more pathetic bank to partner with. Also you will regret your decision to buy using the iPhone upgrade program, when it's time to upgrade next year. The entire upgrade process is pathetic to say the least. I hope the person who came up with that plan loses their job today.
Citizens Loan
