The App Store's New Installment Trap—Uh, Feature!

Apple is rolling out a clever new App Store feature called Monthly Subscriptions with a Twelve-Month Commitment. It sounds like a dream: you get the discounted annual rate but pay in bite-sized monthly installments. But do not pop the champagne just yet because this is a legally binding contract. If you try to cancel after a few months, Apple will keep charging your card for the rest of the year. Fail to pay, and they will freeze your ability to download or update any other apps until you settle the debt. Plus, if you live in the United States or Singapore, you are completely locked out of this feature for now. It is a fantastic way to save cash, just make sure you are ready to commit to that app for a full year.