Apple Updates Polishing Cloth Financing Terms with 17.49-27.74% APR Effective July 2026

Apple published detailed ACMI terms for the Polishing Cloth on its store page. The 0% APR option applies only at checkout for qualifying U.S. purchases and converts to variable APR between 17.49% and 27.74% after July 1, 2026 for non-ACMI transactions. Taxes and shipping remain subject to standard rates. Existing Apple Card agreements govern variable APR changes.

The document specifies that iPhone ACMI purchases must use one of three carriers and remain unlocked. Refurbished devices, corporate programs, and special discounts at Apple Store locations block ACMI eligibility. Last-month balloon payment equals remaining balance after scheduled installments. Goldman Sachs Bank USA issues the card through its Salt Lake City branch.

These terms integrate the accessory into the broader hardware ecosystem that runs Apple Intelligence features on M-series Macs and A-series iPhones. Maintenance of device surfaces directly supports sustained performance of on-device models and sensors. Operational effect is that buyers can bundle cleaning tools with financed AI-capable hardware under the same credit line while facing explicit exclusions for education and government channels.

Next step is monitoring Q3 2026 uptake of ACMI on low-price accessories once the new APR band activates.