06 Dec

Does Apple do cashback?

Are you wondering if Apple offers a cashback program? The answer is yes! Apple provides a lucrative cashback program called Daily Cash. With every purchase you make using the Apple Card, you can earn up to 3% Daily Cash back. The best part? There are no fees associated with the Apple Card, including annual fees, foreign transaction fees, or late fees.

The cashback you earn is deposited into your Apple Cash card in the Wallet app, giving you the flexibility to spend or save it. In addition to this, the Apple Card also offers cashback opportunities with select merchants when using Apple Pay.

Key Takeaways:

• Apple offers a cashback program called Daily Cash.
• With every purchase made using the Apple Card, you can earn up to 3% Daily Cash back.
• There are no fees associated with the Apple Card, including annual fees, foreign transaction fees, or late fees.
• The cashback earned is deposited into your Apple Cash card in the Wallet app.
• The Apple Card also offers cashback opportunities with select merchants when using Apple Pay.

How does the Apple Card’s cash back work?

The Apple Card’s cash back program, known as Daily Cash, offers users the opportunity to earn cash back on their purchases. Unlike traditional rewards credit cards, Daily Cash is accrued on a daily basis, allowing users to see their rewards accumulate in real-time. Daily Cash can be redeemed alongside other funds in the user’s Apple Cash account, providing flexibility and convenience.

With the Apple Card, users can earn up to 3% Daily Cash back on Apple purchases and select merchants when using Apple Pay. Additionally, users can earn 2% Daily Cash back on all purchases made with Apple Pay and 1% Daily Cash back on all other purchases. The cash back earned can be used for various purposes, such as making purchases through Apple Pay, sending money to friends, paying down credit card balances, or deposited into a high-yield Apple Savings account.

By utilizing the Apple Card’s cash back program, users can maximize their rewards and make their everyday purchases more rewarding. The program is seamlessly integrated into the Apple ecosystem, providing a seamless and user-friendly experience. Whether it’s earning rewards on the latest Apple products or everyday expenses, the Apple Card’s cash back program offers a valuable opportunity for users to get the most out of their purchases.

What can you redeem Apple Card’s cash back for?

The cash back earned with the Apple Card can be redeemed for various purposes. Firstly, it can be used for purchases made through Apple Pay at participating merchants, including grocery stores, boutiques, restaurants, and digital platforms like iTunes and Apple Music. This provides flexibility and convenience when using the earned cash back for everyday expenses or special treats.

In addition, cash back can also be sent to friends and family through the Apple Pay platform. Whether it’s splitting a restaurant bill, sending a birthday gift, or simply helping out a loved one, the ability to use cash back to send money to others is a useful feature that adds value to the Apple Card’s cash back program.

Another option for redeeming cash back is to use it to pay down your Apple Card balance. This allows you to reduce the amount you owe and potentially save on interest charges. By applying your cash back directly to your outstanding balance, you can manage your finances more effectively and work towards becoming debt-free.

Lastly, if you’re looking to save and grow your money, you can choose to deposit your cash back into an Apple Savings account. With competitive interest rates, an Apple Savings account offers a secure and convenient way to save for future goals or unexpected expenses. By utilizing this option, you can make your cash back work for you and maximize the benefits of the Apple Card’s cash back program.

Pros and Cons of Apple Card’s Cash Back Program

As with any credit card rewards program, the Apple Card’s cash back program has its advantages and disadvantages. Here are some pros and cons to consider:

Pros:

• The cashback rates offered by the Apple Card are competitive, with up to 3% cash back on Apple purchases and select merchants when using Apple Pay. This is higher than many other cash back credit cards.
• Unlike traditional rewards credit cards, the Apple Card’s Daily Cash is accrued on a daily basis, allowing users to see their cash back adding up quickly.
• There are no hidden fees associated with the Apple Card, including annual fees, late fees, or foreign transaction fees. This can save cardholders money in the long run.
• The cash back earned with the Apple Card can be conveniently used for various purposes, such as making purchases through Apple Pay, sending money to friends, paying down credit card balances, or deposited into an Apple Savings account.

Cons:

• The Apple Card’s cash back program works best with Apple Pay. If you do not use or plan to use Apple Pay, you may not fully benefit from the higher cash back rates available for Apple Pay purchases.
• While the Apple Card’s cash back rates are competitive, there may be other credit cards available that offer higher cash back rates in specific categories, such as groceries or gas.
• The cash back earned with the Apple Card can only be redeemed within the Apple ecosystem, limiting its flexibility compared to cash back programs that offer more redemption options.
• To be eligible for the Apple Card’s cash back program, you need to meet the requirements for Apple Card approval, including having an eligible iPhone and meeting the creditworthiness criteria set by Goldman Sachs, the issuing bank.

Ultimately, whether the Apple Card’s cash back program is right for you depends on your personal preferences, spending habits, and how well it aligns with your overall financial goals.

Is Apple Card’s cash back program worth it?

As an Apple customer and Apple Pay user, you may be wondering if the Apple Card’s cash back program is worth it. The answer depends on your personal spending habits and preferences. For loyal Apple customers who frequently make purchases with Apple products, the cash back rewards can be a valuable incentive. With up to 3% back on Apple purchases and select merchants, you can earn cash back on the things you love.

However, if you don’t own an Apple device or don’t use Apple Pay, the cash back program may have limited value for you. The Apple Card’s rewards program is designed to work seamlessly with Apple Pay, so if you’re not using it, you may not fully benefit from the cash back opportunities. It’s important to consider your individual circumstances and determine if the cash back program aligns with your spending habits.

Remember, the Apple Card offers more than just cash back. It comes with no annual fees, foreign transaction fees, or late fees. You’ll also have access to an exclusive high-yield savings account with competitive interest rates. Plus, the card is widely accepted wherever Mastercard is accepted, giving you the convenience and security you need.

So, is the Apple Card’s cash back program worth it? It ultimately depends on whether you’re an Apple customer and an avid user of Apple Pay. If you are, the cash back rewards can be a fantastic addition to your financial arsenal. However, if you don’t fit into that category, you may want to explore other credit card options that better suit your needs.

Remember to consider your spending habits and preferences before making any decisions. Ultimately, you should choose a credit card that aligns with your lifestyle and financial goals. Whether it’s the Apple Card or another option, be sure to make an informed choice and enjoy the benefits that come with it.

Additional Features of the Apple Card

Aside from its cash back program, the Apple Card offers a range of additional features and benefits that make it a standout option for users. One of the most notable advantages is the absence of fees. Unlike many other credit cards, the Apple Card does not charge annual fees, foreign transaction fees, or late fees. This means that cardholders can enjoy the benefits of the card without worrying about additional costs eating into their savings.

Another attractive feature of the Apple Card is the access it provides to an exclusive high-yield savings account. This account offers competitive interest rates, giving users the opportunity to grow their savings while using their card for everyday purchases. It’s a great way to save and earn money at the same time.

The Apple Card is widely accepted wherever Mastercard is accepted, ensuring that users can make secure payments and enjoy the convenience of their card in various locations. Whether you’re shopping online, in-store, or using your card to make in-app purchases, the Apple Card provides a seamless payment experience.

Summary

1. The Apple Card offers additional features and benefits beyond its cash back program.
2. No fees are associated with the Apple Card, saving users from annual fees, foreign transaction fees, and late fees.
3. Cardholders have access to an exclusive high-yield savings account with competitive interest rates.
4. The Apple Card is widely accepted wherever Mastercard is accepted, ensuring convenience and security.

Conclusion

After examining the Apple Card’s cash back program, it is clear that it offers users a valuable opportunity to earn rewards on their purchases. With up to 3% cash back on Apple purchases and select merchants, the potential for savings is significant. The flexibility of being able to redeem cash back for various purposes, such as making purchases through Apple Pay, sending money to friends, paying down credit card balances, or depositing into an Apple Savings account, adds convenience and value to the program.

Furthermore, the Apple Card’s additional features, including no fees, access to a high-yield savings account, and wide acceptance wherever Mastercard is accepted, make it a compelling choice for individuals seeking a comprehensive credit card solution. The ability to easily track spending and manage finances through the Wallet app further enhances the user experience.

However, it’s important to note that the Apple Card’s cash back program may not be suitable for everyone. If you don’t own an Apple device or don’t use Apple Pay, you may not fully benefit from the program’s rewards. Therefore, it’s crucial to assess your personal spending habits and preferences before deciding if the Apple Card’s cash back program aligns with your financial goals.

Source Links

• https://support.apple.com/en-us/HT209227
• https://www.apple.com/apple-card/
• https://www.bankrate.com/finance/credit-cards/guide-to-apple-card-cash-back/

---

Latest Post

---