📱 How to Buy an iPhone in the U.S. with Monthly Installments
In the United States, more consumers are choosing to buy iPhones through installment plans for greater budget flexibility and easier access to the latest models.
Why More Americans Are Choosing iPhone Financing
According to recent research, over 55% of iPhone buyers in the U.S. now use installment plans instead of paying in full. The rising cost of smartphones and the growth of “buy now, pay later” (BNPL) services have made monthly payments a preferred option—especially among younger consumers. In 2023 alone, U.S. shoppers spent over $75 billion using BNPL services, according to Adobe Analytics.
Installment plans offer a more manageable way to purchase expensive devices, allowing consumers to spread the cost over time without needing a large upfront payment.
Key Benefits of iPhone Installment Plans
Lower upfront cost: Most plans let you start with a small down payment or none at all.
Flexible budgeting: Monthly payments can be better aligned with your income.
Upgrade opportunities: Some plans let you trade in your device after a period and switch to a newer model.
Credit building: If you use a credit-based option (e.g., Apple Card, Best Buy Credit Card), timely payments may help build your credit history.
Cashback and rewards: Some financing methods, such as credit cards, may offer rewards for purchases.
Who Should Consider This Option
Installment plans are especially helpful for:
Students and early-career professionals
Budget-conscious families
Tech users who want the latest model regularly
Individuals working to build or rebuild credit
Buyers with limited access to traditional credit (some providers offer no-credit-check options)
Where to Finance an iPhone in the U.S.
| Provider | Financing Option | Notes |
|---|---|---|
| Apple | Monthly payments with Apple Card | Requires Apple Card and may involve a credit check |
| Verizon | Device installment plan | Available to Verizon customers |
| AT&T | Installment program | Allows upgrades after a certain period |
| T-Mobile | Equipment installment plan (EIP) | Down payment may be required |
| Best Buy | My Best Buy® Credit Card | Requires store credit approval |
| Amazon / Walmart | BNPL via Affirm or other providers | Terms vary depending on approval and offer |
No-Credit-Check Options
T-Mobile Smartphone Equality: Prepaid customers with 12 months of on-time payments may qualify for installment financing without a traditional credit check.
Progressive Leasing (via Walmart, AT&T): Lease-to-own programs that don’t require a credit history, though they may carry a higher total cost.
Step-by-Step: How to Buy an iPhone with Monthly Payments
Choose your provider (Apple, carrier, store, or BNPL app)
Check eligibility and whether a credit check is required
Apply for the plan and await approval
Select your iPhone model (e.g., iPhone 15, iPhone 14, SE, etc.)
Make a down payment if applicable
Begin monthly payments according to your agreement
Upgrade when eligible (if supported by your plan)
Final Thoughts
Financing an iPhone is a practical way to access advanced technology without paying the full cost upfront. Whether you choose to go through Apple, a carrier, or a third-party service, installment plans can make owning an iPhone more affordable and accessible—especially for those who want to balance quality with financial responsibility.