IUP or 0% APR Credit Card for 15 months

[gsk158]

I'm gonna buy the iPhone X and i was wondering the best option to purchase. Should i go with the IUP and risk not getting it for months as there is a credit check/approval process to wait for when checking out (not a current IUP customer.) Or would a 0% APR credit card for 15 months be a better option? I'll be able to pay it off at the beginning of next year and just thinking what will be my best options.

 

[Mackneezie]

Not that this helps much, but hopefully they will have it setup like they did the 8 where you can get pre-approved for the phone. Making pre-order day go much smoother and less lag time between picking which color and things and the finalizing of the order.

Either way should be just as equal, except for the iUP you don't HAVE to pay it off after the 15 months you can upgrade again. That's the biggest difference, obviously. I have thought about this myself actually, but I think I'll be chancing it with the iUP since I already am signed up for that now with my 7.

 

[Rayban]

Go for a CC. Some cards are offering up to $200 cash back after you spend $1000 on new accounts along with the 0%. The iPhone X just became an $800 phone.

 

[tgi]

+1 for the CC. You'll also save by not being forced to get Apple Care.

 

[Jawnathin]

I'd recommend the 0% CC. Hopefully it has some type of benefit like insurance built in along with price protection. Also assuming it has some type of cash back mechanism. I prefer and use the Citi DoubleCash.

You could also use the CC to buy other stuff while you pay down your existing CCs that are accruing interest.

 

[deadworlds]

Have you checked out the barclay card offered through Apple? They offer 0% APR for a certain number of months depending on the purchase price. I think anything over $1,000 gets you 16 months of 0% APR. You’ll also get 3X pints for the Apple purchase which would get you somewhere around 3,000 points which you can then redeem for a $25 Apple store gift card.

Just a thought.

 

[page3]

I’d recommend simply buying it outright, using the money you’ve been saving over the last year.

 

[Newtons Apple]

I’d recommend simply buying it outright, using the money you’ve been saving over the last year.

Best advice yet! Pay cash for it! Schools loans paid?

 

[tgi]

Best advice yet! Pay cash for it! Schools loans paid?

Or you can walk in like this.

 

[Mlrollin91]

I vote IUP or Apple Payment Plan (also 0%). The Citizens One Loan does not show up on your credit report except for the first hard inquiry. After that, it doesn't exist. Credit Cards show revolving credit, and that will actually ding your score by keeping a balance and only making minimum payments monthly. It affects your total revolving credit limit.

You can do IUP which requires AC+ or you can do Apple Payment, which is literally the same thing, but no AC+ and you can't upgrade yearly.

 

[Knockoutjosie]

Or you can walk in like this.

this is what i will be doing

 

[Apple fanboy]

Best advice yet! Pay cash for it! Schools loans paid?

This.
Buy it if you have the cash now. If not save and wait. You say you will be able to pay it off next year but what if something happens before then? Car breaks down or redundancy?

It's a phone people. No sense in borrowing money to buy it.

 

[Wags]

Almost no difference other than having to get AppleCare. Both 0% and can payoff. Can trade in with iup if don't want to deal with selling.

 

[Damon2]

Credit Card imo.

You can use the credit card for other purchases in the future also, which is generally good for improving your credit obviously providing you clear the balances.

And some cards come with benefits like others have mentioned.

 

[maflynn]

Cash, because you'll be on the hook for monthly payments.