How does Banco Itaú's iPhone Forever plan work?

With current market prices, it is increasingly common that many people's desire for a iPhone become distant. Although carrier plans and even some cashback promotions are found, the result is that the value is still too great to be a smooth decision to make. 

Thinking about it, the Itaú own the program iPhone forever, an initiative in partnership with the Apple which allows the bank's customers to buy the device through the Itaú, Itaú Personnalité and Itaucard applications, and pay 70% of the amount in 21 installments.

So, if you are planning to buy a iPhone 12, Apple's new line, for example, we have prepared a complete guide on iPhone Forever, which can be an alternative for you to have a new iPhone.  

What is iPhone Forever?

The program is a partnership of the bank Itaú with Apple , which aims to offer an alternative for Itaú customers to finance a iPhone new.

Financing by iPhone for Semper makes it possible to pay in installments (only on Itaú bank credit cards) 70% of the value of an iPhone in 21 fixed installments, with the remaining 30% being paid only at the end, together with the last installment of the financing .

After the 21 month period, you will have 10 days to choose whether to keep the iPhone, return it or exchange it for a new Apple device.

In addition to the advantage of being able to exchange your iPhone every 21 months, the program allows you to pay a smaller installment on an iPhone, as the purchase will be divided into more installments than is seen in other iPhone sales outlets. However, the device is purchased directly from the Apple Store, following the company's price list.

How does iPhone Forever work?

By accessing one of the bank's applications (Itaú, Itaú Personnalité and Itaucard) you will have the option to choose the iPhone model that suits you best and, having a limit on your Itaú credit cards, 70% of the value of the device will be charged on 21 times. In a few days, you will receive your chosen iPhone in your home.

After the 21-month period, you will have 10 days after the last installment to make a decision on the three options that the plan offers you:

• Keeping the iPhone, thus paying the remaining 30% of the price.
• Return the device, canceling the payment of the remaining 30%.
• Swap the current iPhone for a new model, canceling the 30% that was left to be paid from the previous device and starting a new cycle of 21 installments of the new iPhone you chose.

It is important to note that the program is only available for one device per CPF, preventing you from using this program more than once to purchase other devices. 

Returns and exchanges of iPhones will be carried out via Post Office. And if you choose to exchange your iPhone for a current model, you can only do so after 21 months. In this way, it will not be possible to purchase a model from the year following the purchase, but only from 2 years later.

Another important point is that payments will only be accepted via Itaú credit cards (and that have a limit equal to or greater than the value of the chosen device) and if there is a delay in paying the card bill by more than 55 days, the 30% must be paid and you will lose the chance to exchange or return the iPhone.

How much is iPhone 12 on iPhone Forever

The marketing of iPhones is connected to the Apple Store. Therefore, we prepared a table with each of the models of the iPhone 12 and the final value of each through iPhone Forever:

iPhone 12mini

O iPhone 12mini It has a 5.4 inch screen and is available in black, white, red, blue and green. It has storage variations from 64 GB and even 256 GB. It has two cameras, one with an Angular lens and one with a wide lens.

iPhone 12

With 64GB, 128GB and 256GB storage, the iPhone 12 It has 12MP Ultra Angle and Wide Angle rear cameras. Its screen is 6,1 inches, the front camera is 12MP with Face ID and is available in blue, black, white, red and green.

iPhone 12 Pro

O iPhone 12 Pro has a 6,1-inch screen, LiDAR sensor and 3 rear cameras, 12MP Wide Angle and Ultra Angle (f/1.6) and 12MP Telephoto (f/2.0). It is available in gold, pacific blue and silver color and with storage of 128GB, 256GB and 512GB.

iPhone 12 Pro Max

With LiDAR sensor, for augmented reality and more agile focus in low light environments, the iPhone 12 Pro Max It also has 3 rear cameras and a 12MP (f/2.2) front camera with Face ID and 256GB and 512GB storage. It is available in gold and black.

And remembering again: the values ​​of the devices are the same as found in the Apple Store. And to carry out your financing through iPhone for Semper, you must have an Itaú credit card and an available limit equal to or greater than the value of the iPhone.

What other iPhones are available for purchase?

For financing within the iPhone Forever, in addition to the iPhone 12 line, the line iPhone 11, SE e XR. Check available values ​​and colors:

Is the iPhone Forever program worth it?

The program offers a greater number of installments than we have seen offered in stores, which can facilitate the purchase of a new iPhone since the value of the monthly installments will also be lower.

The great advantage of the iPhone Forever program is that at the end of the 21 installments, you can exchange your current device for a new one, without paying the residual 30%. That way, in less than 2 years you'll always have the opportunity to have a new iPhone and you won't have to sell your old device at a not very advantageous price to buy a new one — given that the resale, on sites like Trocafone, is for an iPhone 11 for R$1.200,00, iPhone 11 Pro R$ for 1.500,00 and iPhone 11 Pro Max R$ for 1.600,00.

What did you think of iPhone forever? Tell us in the comments if you think it would be a good deal to buy an iPhone through the program.

Source: Itaú