Credit cards are not the same, as they are general purpose and cause people to often spend beyond their means because of the concept of a minimum payment and in

Credit cards are not the same, as they are general purpose and cause people to often spend beyond their means because of the concept of a minimum payment and interest. It’s awful, if you keep a balance, and many do because they have no other choice (can’t pay for food or rent, for example) but many also do because they live beyond their means (which is a huge mistake). But that isn’t what Apple is doing, and the details matter. Apple Pay Later lets you split a purchase into four equal payments over six weeks with no interest or fees; not years without a thought of paying it back. There isn’t even a hard credit inquiry, so it doesn’t hurt your credit. The only fees of any kind associated with Apple Pay Later are insufficient funds fees or overdraft fees from your bank if you don’t have sufficient funds.