Apple's (AAPL  ) credit card is priding itself as being one of the most private credit cards there is. They that the card holder will receive text messages to keep them informed about their spending and does not track your purchases.

On Tuesday, Apple graciously enabled those who have the Apple credit card the ability to purchase the new iPhone 11 on payments that will include 0% interest. This is accomplished with a payment plan that takes place over the course of 2 years. These payments will get added to the credit cards monthly payment, which can be easily accessed on the iPhone wallet app.

"One of the things we are doing is trying to make it simpler and simpler for people to get on these sort of monthly financing kind of things. That's a part of what we announced with the Apple Card earlier in the call and so we are cognizant that there are lots of users out there that want sort of a recurring payment like that," Apple CEO Tim Cook stated.

Later a notice appeared inside the Wallet app that explained the installment payments and how they work. The notice read: "Installments are not subject to interest like other purchases made with Apple Card. If you pay more toward your installment balance, you may reduce the overall number of payments, but are still scheduled to pay your installment payment the following month,"

Apple has other ways for its users to purchase iPhones through a month to month payment plan, which includes the Applecare warranty and current hardware.

Apple is also giving its card holders 6% cashback on purchases of Apple products from now to December 31, when they normally get 3% cashback.

The Apple card was first released in August of this year. Goldman Sachs (GS  ), is in charge of the inner workings of the card and the credit side of it. iPhone users can apply for the card though the Wallet app. The app also contains the detailed transaction history and the fine print.