CreditLine
- Purchase rate
- 25.9% p.a.
- Annual fee
- $71.4 p.a.
Our verdict
Offers a way to shop interest-free at Apple both in-store and online, with a $5.95 monthly account fee.
CreditLine offers interest-free finance options at Apple, which could be useful if you need to make big purchases at Apple but don’t have enough savings to pay for it all at once. Similar to other interest-free finance products, the length of the 0% interest period varies based on the offer. For example, you can currently get 0% interest for 6 months if you spend at least $150 at Apple in-store or online, up to 0% for 24 months if you spend over $600. But keep in mind that an interest rate of 25.9% p.a. applies if you don’t pay off the entire purchase by the end of the promotional period.
Pros
-
Offers 0% interest offers on purchases of $150 or more at Apple
-
Includes flexible payment options
Cons
-
No rewards program or perks
-
Very high interest rate on purchases and cash advances
Details
Product details
| Product Name | CreditLine |
| Purchase rate p.a. | Purchase rate p.a. 25.9% |
| Interest-free period | 0 interest free days |
| Cash advance rate p.a. | 25.9% |
| Min credit limit | $1,000 |
Rewards
| Bonus points | N/A |
Fees
| Annual fee | Annual fee $71.40 |
| Minimum monthly repayment | 3% of the closing balance or $25, whichever is greater |
| Late payment fee | $45 |
| Cash advance fee | 3% or $3, whichever is greater |
| Number of additional cardholders | 1 |
How to apply
You can apply for CreditLine online or in-store at Apple when you're taking out a 0% p.a. interest payment plan. To get started, check that you meet the following eligibility criteria and have all the documents and details needed to complete the application.Eligibility criteria
- Residency. Australian citizens and permanent residents are eligible to apply.
- Credit history. You should only apply for this card if you have a clean credit file. You can check your credit score for free through Finder.
Card benefits
- Interest-free payment plans. These plans depend on how much you're spending at Apple. The offers can also vary over time, but as an example you could get:
- 0% interest for 6 months on purchases from $150 - $299
- 0% interest 12 months on purchases from $300 - $599
- 0% interest 24 months on purchases of $600 or more
- Shop as soon as you're approved. You don't need to wait for your physical card to arrive. If you're approved, you can shop in an Apple Store by showing them your approval email and driver's licence (or alternative ID). You can also shop with Apple online by finding what you want to buy, then calling Apple on 133 622 so they can place the order for you.
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Your reviews
Amy Finder
Editor
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Angus Kidman Finder
November 04, 2024
Correct, it’s an Apple-only credit option – not for use elsewhere.
Sonia
May 25, 2017
Are pensioners with a good record accepted?
Harold Jacob Finder
May 26, 2017
Hi Sonia,
Thank you for your inquiry.
If you’re referring to CreditLine interest-free payments, the answer is yes. They can accept pensioners. However, you must ensure you meet their eligibility criteria:
- You must be at least 18 years old.
- You must be a permanent resident of Australia.
Aside from CreditLine, you can check our list of pensioner loans. On that page, there’s a table that you can compare your options. Read through the page, learn more about your loans, and select the “Go to site” button of your chosen lender.
I hope this information has helped.
Cheers,
Harold
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Other products
November 04, 2024
Can this card only be used to purchase Apple products ? You can’t use the remaining about to pay other products or items from different stores?