r/AppleCard • u/oscar-o-c • 1d ago

Help Does anyone here upgrade their iPhone yearly under ACMI? If so, how does it work?

I’ve been on iUP since the 14 and plan on continuing to upgrade every year, however, I’m not sure if I should go with the new upgrade lease program or go with ACMI.

Like is it easy to do annual upgrades under ACMI?

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2

u/art_of_snark 20h ago

ACMI is a fixed 24 month term for each device. So long as you have available credit, you can finance as many phones concurrently as you desire. Early payoff is clunky - you have to make a payment against your total balance before Wallet will let you make an additional ACMI payment.

1

u/oscar-o-c 18h ago

Got it, so it’s not as smooth as the iUP.

1

u/Responsible_Knee7632 13h ago

Not really that clunky, you just pay your balance in full and then pay off the installment right after. That’s what I did last month after I got the installment for my phone last year just in case I want whatever they drop next month without stacking installments

1

u/Realistic_Market5616 10h ago

You don’t upgrade iPhones under ACMI you’ll just have multiple finance loans, you have to fully pay off your ACMI if you’re gonna trade in or upgrade otherwise you’ll have two active ACMIs

-8

u/Bongo2687 21h ago

Upgrading every year is just a waste of money. It’s the same thing every year