The Apple iPhone Upgrade Program offers a way to always have the latest iPhone while managing payments over time. A key component of this program is AppleCare+, which provides device protection and support. It’s important to understand how AppleCare+ integrates with the iPhone Upgrade Program, especially regarding requirements and options.
What is the iPhone Upgrade Program?
Apple’s iPhone Upgrade Program is designed for customers who want to upgrade to a new iPhone every year. It works by dividing the cost of a new iPhone and AppleCare+ into 24 monthly installments. After 12 months of payments, you have the option to upgrade to the latest iPhone, making it a continuous cycle of having the newest technology. This program requires a credit check and is available to qualified customers with a valid US credit or debit card. Financing is provided through a 24-month 0% APR installment loan from Citizens Bank, N.A.
Participating in the program also necessitates iPhone activation with one of the major national carriers such as AT&T, Boost Mobile, T-Mobile, or Verizon. Sales tax and any applicable fees are due at the time of purchase. It’s crucial to review the full terms and conditions provided by Apple to fully understand the program’s details.
AppleCare+ is a Must, But Theft and Loss is Optional
A common question is whether AppleCare+ with Theft and Loss is mandatory for the iPhone Upgrade Program. The answer is no, you are required to purchase standard AppleCare+ for iPhone to participate in the program, but AppleCare+ with Theft and Loss is optional.
Standard AppleCare+ provides coverage for unlimited incidents of accidental damage from handling. For each incident, there’s a service fee: $29 for screen or back glass damage and $99 for other accidental damage, plus applicable tax. It’s worth noting that the reduced service fee for back glass damage is available for iPhone 12 models and later.
AppleCare+ with Theft and Loss, on the other hand, is an optional upgrade that provides broader protection. In addition to accidental damage coverage, it includes up to two incidents of theft or loss coverage every 12 months. Each theft or loss incident has a $149 deductible, while accidental damage service fees remain the same as standard AppleCare+. If you choose AppleCare+ with Theft and Loss, the entire cost of this plan is also spread out over the 24 monthly payments. To be eligible for theft and loss coverage, the Find My feature must be enabled on your device at the time of loss or theft.
Both AppleCare+ plans offer benefits that are separate from and in addition to the standard Apple Limited Warranty and any consumer protection laws. Purchasing either AppleCare+ plan is not required to simply buy an iPhone, but standard AppleCare+ is a requirement for the iPhone Upgrade Program.
Key Points to Consider
When considering the Apple iPhone Upgrade Program with AppleCare+, keep these points in mind:
- Trade-in Value: To potentially lower the cost of your new iPhone, you can trade in your current eligible device. The trade-in value varies based on the condition, year, and configuration of your device. Not all devices are eligible for trade-in. You must be of legal age to trade in.
- Financing Details: The 0% APR is attractive, but it’s essential to understand that this applies to the installment loan from Citizens Bank. If you use an Apple Card for purchase outside the program’s terms, your standard Apple Card APR will apply.
- Carrier Requirement: When purchasing an iPhone through the Upgrade Program with Apple Card Monthly Installments (ACMI), you must select AT&T, Boost Mobile, T-Mobile, or Verizon. However, iPhones purchased with ACMI are unlocked, offering flexibility to switch carriers later.
- Availability: The iPhone Upgrade Program is available for the latest iPhone models, such as iPhone 16 and iPhone 16 Pro, but it’s always best to check the most current information on Apple’s website.
Conclusion
The Apple iPhone Upgrade Program, bundled with AppleCare+, provides a structured way to enjoy new iPhones regularly with device protection included. While standard AppleCare+ is required for program participation, AppleCare+ with Theft and Loss offers enhanced protection as an optional add-on. Understanding the terms, conditions, and available options ensures you can make the best decision for your needs when upgrading your iPhone. Always refer to Apple’s official website for the most accurate and up-to-date details about the program.
