22 Oct

Maximise Your Savings with Apple Card Apple Pay Cash Back

Written By Dom Mia
October 22, 2023

Posted at 10:12h in Cashback by Dom Mia

Are you looking for a smart and convenient way to boost your savings? Look no further than Apple Card’s Apple Pay cash back feature. With Apple Card, you can earn cash back on your purchases and watch your savings grow effortlessly. Let’s dive into the details of how you can maximise your savings with Apple Card Apple Pay cash back.

Key Takeaways:

Earn cash back on your purchases with Apple Card
Choose to deposit your cash back into a high-yield Savings account
No fees, no minimum deposits, and no minimum balance required
Track and manage your savings through the Wallet app
Maximise your cash back by using Apple Pay with participating merchants

What is Daily Cash and How Does It Work?

Daily Cash is one of the key features of Apple Card that sets it apart from traditional credit cards. It allows users to earn cash back on their purchases, making every transaction even more rewarding. When you make a purchase with Apple Card, a percentage of the purchase amount is returned to you as Daily Cash. It’s a simple and effortless way to put money back in your pocket with every purchase.

Unlike other credit cards, there is no limit to the amount of Daily Cash that you can earn. The more you use your Apple Card for everyday expenses and larger purchases, the more cash back you accumulate. The best part is that you can use your Daily Cash to further boost your savings or put it towards other transactions, giving you the flexibility to manage your finances in a way that suits you best.

To keep track of your Daily Cash earnings, simply open the Wallet app on your iPhone. The app allows you to view your lifetime Daily Cash balance and track your earnings over different time periods, such as weekly, monthly, or yearly. It’s a convenient way to monitor your cash back rewards and see how they contribute to your overall financial well-being.

“Daily Cash is a game-changer for me. It’s like getting free money every time I make a purchase. It’s amazing how quickly those cash back rewards add up, and I love being able to use them to grow my savings.”

– Apple Card user

How to Find and Manage Your Daily Cash

When it comes to maximizing your savings with Apple Card, keeping track of your Daily Cash is essential. Luckily, finding and managing your Daily Cash is a breeze with the Wallet app on your iPhone. Let me show you how.

To get started, simply open the Wallet app and tap on your Apple Card. From there, you can access the Daily Cash section, where you’ll find all the information you need about your earnings. You can easily view your Daily Cash balance and track your earnings over different time periods, such as weekly, monthly, or yearly. This allows you to keep a close eye on how your cash back is adding up.

But that’s not all – the Wallet app also provides a helpful feature that allows you to view your Daily Cash earnings from specific purchases. This allows you to see exactly how much cash back you received for each transaction, making it easy to understand where your earnings are coming from. Plus, if you want to take full advantage of your Apple Card, you can explore the list of participating merchants that offer bonus Daily Cash when using Apple Card with Apple Pay. It’s a fantastic way to earn even more cash back on your everyday purchases.

How to Find and Manage Daily Cash:

Open the Wallet app on your iPhone.
Tap on your Apple Card.
Access the Daily Cash section.
View your Daily Cash balance and track your earnings over time.
Explore your Daily Cash earnings from specific purchases.
Discover merchants offering bonus Daily Cash.

By following these simple steps, you can easily stay on top of your Daily Cash and make the most of your Apple Card. Keep track, earn more, and watch your savings grow.

Changing Your Daily Cash Election

As an Apple Card user, you have the flexibility to change your Daily Cash election, allowing you to decide where your cash back is deposited. You can choose between two options: Apple Cash or Savings.

If you choose Apple Cash, your Daily Cash will be deposited into your Apple Cash account. This allows you to easily use your cash back for transactions or send it to friends and family. Apple Cash provides a convenient way to access and utilize your earned cash back instantly.

On the other hand, if you prefer to grow your savings, you can select Savings as your Daily Cash destination. By choosing this option, your cash back will be automatically deposited into a high-yield Savings account provided by Goldman Sachs. This allows you to earn interest on your cash back and watch your savings grow over time.

Changing your Daily Cash election is simple and can be done through the Wallet app on your iPhone. Just open the app, tap on your Apple Card, and navigate to the Daily Cash section. From there, you can easily select your preferred destination and start maximizing your cash back in a way that suits your financial goals.

Setting Up and Managing Savings Account

Setting up a Savings account with Apple Card is a simple and straightforward process. To get started, open the Wallet app on your iPhone and tap on the Apple Card. From there, follow the on-screen instructions to add and set up your Savings account provided by Goldman Sachs. Once your account is set up, all your future Daily Cash earnings will be automatically deposited into your Savings account, allowing you to earn interest on your cash back and grow your savings.

Managing your Savings account is also easy with the Wallet app. You can view your Savings account balance, track your account over time, and transfer funds as needed. The app provides a convenient Savings dashboard, where you can monitor and manage your savings effectively. You can also filter transactions and track your Daily Cash earnings to see how your savings are growing. With the Savings account feature, Apple Card provides a secure and convenient way for you to build a stronger financial future.

Benefits of Setting Up a Savings Account

By setting up a Savings account with Apple Card, you can enjoy several benefits. First and foremost, you can earn a high-yield APY of 4.15 percent, which is more than 10 times the national average. This means your savings will grow at a faster rate compared to traditional savings accounts. Additionally, there are no fees, minimum deposits, or minimum balance requirements, making the Savings account accessible to all Apple Card users. You can withdraw funds from your Savings account at any time without incurring any fees, providing you with flexibility and control over your money.

Overall, the Savings account offered by Goldman Sachs through Apple Card provides a range of features that can help you maximize your savings and achieve your financial goals. Whether you’re saving for a specific purpose or simply looking to grow your wealth, the Savings account is a valuable tool that complements the benefits of using Apple Card and Apple Pay.

Additional Features of the Savings Account

The Savings account offered by Goldman Sachs comes with several additional features that make it a compelling option for Apple Card users. Firstly, the account offers a high-yield APY of 4.15 percent, which is more than 10 times the national average. This means that users can earn significant interest on their cash back, helping them grow their savings at an accelerated rate.

Another advantage of the Savings account is that it has no fees, making it accessible to all Apple Card users. There are no minimum deposits or balance requirements, allowing users to start saving regardless of their financial situation. With no fees to eat into their savings, users can maximize their earnings and keep more money in their pockets.

Furthermore, the Savings account allows users to withdraw their funds at any time without incurring any fees. This flexibility provides users with peace of mind and the ability to access their cash back whenever they need it. Whether they want to transfer the funds to a linked bank account or their Apple Cash card, the Savings account makes it easy to manage and utilize their savings.

Additional Benefits of the Savings Account:

High-yield APY of 4.15 percent
No fees
Flexibility to withdraw funds at any time

“The Savings account offered by Goldman Sachs provides Apple Card users with a high-yield APY, no fees, and the flexibility to withdraw funds at any time.”

Financial Health Benefits of Apple Card

Apple Card offers several financial health benefits to its users. One of the key advantages is that there are no fees associated with the card. This means that you can enjoy all the benefits of Apple Card without worrying about annual fees or late payment charges. It’s a cost-effective way to manage your finances and save money in the long run.

Another significant benefit is the opportunity to earn Daily Cash on every purchase you make with Apple Card. Whether you’re buying groceries, filling up your car with fuel, or treating yourself to a new gadget, you can earn cash back on all your transactions. This Daily Cash can add up quickly and boost your savings over time.

With Apple Card, I can earn cash back on my everyday expenses and put that money towards my savings goals. It’s a simple and effortless way to grow my financial health.” – Apple Card user

Apple Card also provides tools and features that help you pay less interest. The card offers a clear breakdown of your payments, including how much interest you will accrue based on different payment amounts. This visibility allows you to make informed decisions about your payments and reduce your interest charges. By paying off your balance faster, you can save on interest and manage your credit card debt more effectively.

Financial Health Benefits of Apple Card:

No fees
Daily Cash on every purchase
Pay less interest

Overall, Apple Card provides a range of financial health benefits that can help you save money, earn rewards, and manage your finances more effectively. With no fees, cash back on every purchase, and tools to pay less interest, it’s a smart choice for individuals looking to improve their financial well-being and make the most of their money.

Convenience and Security of Apple Card

Apple Card offers a convenient and secure payment solution for users in the United Kingdom. With the digital wallet feature, users can make online and mobile payments with ease. Whether you’re shopping on your favorite websites or using apps, Apple Card simplifies the checkout process, saving you time and effort. And with the rise of contactless payments, Apple Card allows you to tap to pay at contactless payment terminals, making transactions quick and effortless.

But convenience isn’t the only thing Apple Card prioritizes. Security is also a top priority. With features like Face ID or Touch ID authentication, you can rest assured that your transactions are secure. These advanced biometric technologies ensure that only you can authorize payments, adding an extra layer of protection to your financial information. Plus, Apple Card is issued by Goldman Sachs Bank USA, a trusted institution known for its stringent security measures. This partnership ensures that your sensitive data is safeguarded at all times.

“Apple Card offers a convenient and secure payment solution for users in the United Kingdom.”

When it comes to convenience and security, Apple Card has got you covered. Whether you’re making online payments or tapping to pay in-store, you can trust that your transactions are both seamless and protected. Say goodbye to fumbling for cash or worrying about the safety of your card information. With Apple Card, you can embrace the future of digital payments with confidence.

Unlock the Power of Secure Payments

With Apple Card, you have the power to make secure payments anytime, anywhere. Say goodbye to the hassle of carrying physical cards or worrying about your information being compromised. Experience the convenience and peace of mind that come with using Apple Card as your trusted digital wallet. Whether you’re shopping online or making contactless payments in-store, Apple Card ensures that your financial transactions are safe, secure, and effortless.

The Role of Apple Pay in Maximizing Cash Back

When it comes to maximizing cash back with Apple Card, Apple Pay plays a crucial role. By using Apple Card with Apple Pay, users have the opportunity to earn bonus Daily Cash from participating merchants. These merchants offer a generous 3% cash back on eligible purchases, allowing users to earn even more on their transactions. With Apple Pay, users can easily tap to pay at contactless payment terminals, making transactions quick and effortless. This seamless integration of Apple Card and Apple Pay provides a convenient and rewarding payment experience.

Participating merchants offering bonus Daily Cash can vary, but the Wallet app provides a comprehensive list of these establishments. Users can easily find and shop at these merchants to maximize their cash back rewards. Whether it’s buying groceries, dining out, or shopping for the latest gadgets, users can earn cash back on a wide range of everyday purchases. The ability to earn bonus Daily Cash from participating merchants gives users the opportunity to accumulate even more cash back and boost their savings.

Boost Your Cash Back with Apple Pay

Using Apple Pay with Apple Card not only provides the convenience of contactless payments, but it also enhances the cash back potential. By taking advantage of the bonus Daily Cash from participating merchants, users can maximize their savings and make their money work harder for them. Whether it’s treating oneself to a nice meal, splurging on a new wardrobe, or booking a dream vacation, every purchase made with Apple Card and Apple Pay brings users one step closer to earning cash back and achieving their financial goals.

So, if you want to make the most of your Apple Card and maximize your cash back, don’t forget to use Apple Pay at participating merchants. With the seamless integration, convenience, and bonus Daily Cash offered by Apple Pay, you can unlock the full potential of your Apple Card and enjoy the rewards it brings. Start tapping, earning, and saving today!

How Returns Impact Daily Cash

When you return a purchase made with Apple Card, it’s important to understand how it affects your Daily Cash. When a return is processed, the Daily Cash earned from that transaction is charged back to your Apple Card. If a credit is issued for the purchase price, the corresponding Daily Cash is deducted from your balance. This ensures that your cash back is accurately reflected and aligned with your actual spending.

Returning a purchase doesn’t mean you lose out on your cash back rewards. Apple Card provides transparency and accuracy in tracking your Daily Cash earnings, making it easy for you to manage and understand your rewards. Simply be aware that when you return a purchase, the associated Daily Cash is adjusted accordingly.

Managing your returns and tracking your Daily Cash is convenient through the Wallet app on your iPhone. You can easily view your earnings, track your Daily Cash for specific time periods, and monitor your account over time. Additionally, the app provides a list of participating merchants where you can earn bonus Daily Cash when using Apple Card with Apple Pay. Keep an eye out for these opportunities to maximize your cash back rewards.

Conclusion

After exploring the benefits of Apple Card and Apple Pay cash back, it is clear that these financial tools can significantly enhance your savings. By taking advantage of Daily Cash, users can earn a percentage of their purchases back as cash, with no limit to the amount that can be earned. This cash back can then be automatically deposited into a high-yield Savings account, allowing users to grow their savings and earn interest on their cash back.

In addition to maximizing savings, Apple Card offers a range of financial health benefits. With no fees and the ability to earn Daily Cash on every purchase, users can save money and accumulate cash back over time. Apple Card also provides tools and features that encourage responsible credit card usage and help users pay less interest, promoting financial well-being and smart financial decisions.

Furthermore, the convenience and security offered by Apple Card and Apple Pay make them an ideal choice for managing your finances. With a digital wallet and the ability to make contactless and secure payments, transactions are quick and effortless. The involvement of Goldman Sachs Bank USA ensures the highest level of security for users’ financial information, providing peace of mind.

In conclusion, Apple Card and Apple Pay cash back offer a comprehensive and rewarding financial solution for users in the United Kingdom. By maximizing cash back, taking advantage of the high-yield Savings account, and enjoying the convenience and security of Apple Pay, users can easily manage their finances, earn interest on their cash back, and make smart financial decisions.

FAQ

What is Daily Cash and How Does It Work?

Daily Cash is a feature of Apple Card that allows users to earn cash back on their purchases. When a purchase is made with Apple Card, a percentage of the purchase amount is returned to the user as Daily Cash. There is no limit to the amount of Daily Cash that can be earned, and it can be automatically deposited into Savings or Apple Cash. Users can track their Daily Cash earnings and view their lifetime Daily Cash balance through the Wallet app on their iPhone. Daily Cash can also be earned by sharing an Apple Card with others through Apple Card Family.

How to Find and Manage Daily Cash

To find and manage Daily Cash, users can open the Wallet app on their iPhone and tap on Apple Card. From there, they can access the Daily Cash section and view their earnings. Users can track their Daily Cash for specific time periods, such as weekly, monthly, or yearly. They can also view their Daily Cash earnings from specific purchases. Additionally, users can find merchants that offer bonus Daily Cash when using Apple Card with Apple Pay. The Wallet app provides a list of participating merchants and offers the ability to download their apps, access their websites, and find store locations.

Changing Your Daily Cash Election

Users have the option to change their Daily Cash election, which determines where their cash back is deposited. They can choose to send their Daily Cash to either Apple Cash or Savings. Apple Cash allows users to use their cash back for transactions or send it to others. Savings, on the other hand, allows users to earn interest on their cash back and grow their savings. Users can select their preferred Daily Cash destination through the Wallet app on their iPhone.

Setting Up and Managing Savings Account

Apple Card users can set up a Savings account provided by Goldman Sachs to deposit their Daily Cash and earn interest on it. To set up a Savings account, users need to add Apple Card to their Wallet app and follow the on-screen instructions. Once the account is set up, all future Daily Cash earnings will be automatically deposited into the Savings account. Users can manage their Savings account through the Wallet app, where they can view their balance, track their account over time, transfer funds, and filter transactions. The Savings dashboard provides a convenient way to monitor and manage their savings.

Additional Features of the Savings Account

The Savings account offered by Goldman Sachs comes with several additional features. It offers a high-yield APY of 4.15 percent, which is more than 10 times the national average. The account has no fees, no minimum deposits, and no minimum balance requirements, making it accessible to all Apple Card users. Funds in the account can be withdrawn at any time without incurring any fees. Users can transfer funds from their Savings account to a linked bank account or to their Apple Cash card. The account provides a secure and convenient way for users to grow their savings.

Financial Health Benefits of Apple Card

Apple Card offers several financial health benefits to its users. It has no fees, making it a cost-effective option for managing finances. Users can earn Daily Cash on every purchase they make with Apple Card, allowing them to accumulate cash back and boost their savings. Additionally, Apple Card provides tools and features that encourage users to pay less interest, helping them manage their credit card debt more effectively. These benefits are designed to promote financial well-being and help users make smart financial decisions.

Convenience and Security of Apple Card

Apple Card offers a convenient and secure payment solution. It can be used as a digital wallet, allowing users to make online and mobile payments with ease. With Apple Pay, users can tap to pay at contactless payment terminals, making transactions quick and effortless. Apple Card also prioritizes security, with features such as Face ID or Touch ID authentication for transactions. The card is issued by Goldman Sachs Bank USA, ensuring the highest level of security for users’ financial information.

The Role of Apple Pay in Maximizing Cash Back

Apple Pay plays a crucial role in maximizing cash back with Apple Card. When users make purchases using Apple Card with Apple Pay, they can earn bonus Daily Cash from participating merchants. These merchants offer 3% Daily Cash back, providing an opportunity for users to earn even more on their transactions. The Wallet app provides a list of participating merchants, allowing users to easily find and shop at these establishments to maximize their cash back rewards.

How Returns Impact Daily Cash

When a user returns a purchase made with Apple Card, the Daily Cash earned from that transaction is charged back to the user’s Apple Card. If a credit is issued for the purchase price, the corresponding Daily Cash is also deducted from the user’s balance. This ensures that the cash back is reconciled and accurately reflects the user’s actual spending. Apple Card provides transparency and accuracy in tracking Daily Cash earnings, making it easy for users to understand their cash back rewards.