SAVE $50:As of May 8, My Best Buy Plus and Total members get $50 off when pre-ordering either size and any configuration of the new Apple iPad Pro (starting at $949).

Less than 24 hours after its reveal at Apple's Tuesday "Let Loose" event, the latest iPad Pro is already $50 off at Best Buy — but not for everyone.

Paid Plus and Total members of the retailer's My Best Buy program are the sole enjoyers of its exclusive preorder discount, which applies to both 11- and 13-inch sizes of the premium tablet in every configuration. That includes the variants with cellular connectivity and those with its new nano-texture glass (matte) display option.

If you haven't upgraded to a premium My Best Buy membership yet, your cheapest option is the Plus tier, which costs $49.99 per year for perks like free two-day shipping, extended 60-day returns, and access to members-only discounts. (In this one's case, it's basically paying for itself.) For those who value a little extra peace of mind, a Total plan adds 24/7 Geek Squad support, up to two years of product protection on most purchases — including AppleCare+ — and a 20% discount on repairs for $179.99 per year.

To give a quick recap of Tuesday's keynote, the all-new iPad Pro has been majorly overhauled since its previous iteration. It boasts a remarkably thin and lightweight design — it's even slimmer than its just-announced Air counterpart — and it's powered by a fast new M4 chip that hasn't even made it over to the Mac lineup yet. It also boasts a bright new Ultra Retina XDR display featuring "tandem" (stacked) OLED panels for pure, inky blacks and excellent contrast.

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The new iPad Pro will officially launch on Wednesday, May 15 alongside its new Magic Keyboard ($299+), a new Apple Pencil Pro ($129), and the new iPad Air ($599+). Those three were also available for preorder at the time of writing, but the iPad Pro is the only brand-new Apple product that's received a discount thus far.

Editor's note: A previous version of this story incorrectly stated that the deal was only available to My Best Buy Plus members. It's actually open to both Plus and Total subscribers.