If you’re like me, you’re always looking for smarter ways to manage your finances while getting the most out of every purchase. Cashback credit cards have become a popular tool for saving money, and the Apple Card is one of the most innovative options available today. But how exactly does it work? How can you maximize your cashback rewards? In this guide, I’ll break down everything you need to know, from how to earn cashback to how to use it effectively.
Understanding Apple Card Cashback Rewards
The Apple Card, launched by Apple in partnership with Goldman Sachs, offers a unique and simple cashback structure known as Daily Cash. Unlike traditional credit cards that give you rewards at the end of the billing cycle, the Apple Card provides cashback instantly. Here’s how it works:
- 3% Daily Cash on purchases made directly with Apple, including Apple Store, App Store, iCloud, Apple subscriptions, and even services like Apple Music and Apple TV+.
- 3% Daily Cash on purchases with select partners like Uber, Walgreens, Nike, and ExxonMobil when using Apple Pay.
- 2% Daily Cash on all purchases made using Apple Pay, Apple’s secure mobile payment system.
- 1% Daily Cash on purchases made with the physical Apple Card (which is a sleek titanium card).
The key takeaway? Using Apple Pay wherever possible will double your cashback compared to using the physical card.
How to Apply for an Apple Card
If you’re considering getting an Apple Card, here’s how you can apply:
- Open the Wallet app on your iPhone.
- Tap the + button and select “Apple Card.”
- Fill out the application with your personal details.
- Apple will perform a soft credit check, meaning your credit score won’t be affected until you accept an offer.
- If approved, you can start using your Apple Card immediately through Apple Pay.
Your physical Apple Card will be shipped to you, but you don’t need to wait to start making purchases.
Frequently Asked Questions About Apple Card Cashback
1. How does Apple Card Daily Cash work?
Unlike most cashback programs that require you to redeem points, Daily Cash is instantly available in your Apple Cash balance. You can use it for purchases, send it to friends via Apple Pay, or even transfer it to your bank account.
2. Is there a limit to how much Daily Cash I can earn?
No! Apple does not set a cap on how much cashback you can earn, making it one of the best cashback programs available.
3. Can I use my Apple Card for international purchases?
Yes, you can use it anywhere Mastercard is accepted. However, Apple Pay transactions will still earn 2% cashback, while using the physical card abroad will only earn 1%.
4. How do I redeem my Apple Card cashback?
Daily Cash is automatically deposited into your Apple Cash account. You can spend it with Apple Pay, transfer it to your bank, or even use it to pay your Apple Card balance.
5. Does the Apple Card charge foreign transaction fees?
No! The Apple Card does not have foreign transaction fees, making it a great option for travelers.
My Experience Maximizing Apple Card Cashback
I started using my Apple Card mainly for Apple Pay purchases and quickly realized how beneficial it was. For example, during a trip to New York, I used Apple Pay at nearly every restaurant, store, and Uber ride, earning 2-3% cashback on all my expenses. Within a month, I had over $50 in Daily Cash, which I used to pay for an iCloud subscription and a portion of my Apple Card bill.
One of my favorite strategies is using Apple Pay for grocery shopping. Most major chains accept Apple Pay, meaning I consistently earn 2% cashback on my weekly grocery bills. Over a year, that adds up to hundreds of dollars in free money!
A Story of Financial Freedom With Apple Card
A friend of mine, Lisa, was struggling to manage her credit card debt while juggling everyday expenses. She decided to switch to the Apple Card, using it exclusively with Apple Pay for groceries, gas, and everyday shopping. Over time, she accumulated Daily Cash rewards, which she used to pay off her balance faster. The transparency of the Apple Card’s no-fee structure and instant cashback helped her stay in control of her spending.
Today, Lisa has completely paid off her credit card debt and still enjoys the benefits of Daily Cash rewards on her everyday purchases. Her story is proof that the right financial tools, when used wisely, can truly make a difference.
Conclusion
The Apple Card is a fantastic tool for earning cashback effortlessly, especially if you’re already an Apple Pay user. By maximizing Daily Cash rewards, using Apple Pay whenever possible, and staying on top of your spending, you can turn everyday purchases into real savings. Whether you’re looking to reduce your expenses or simply make smarter financial choices, the Apple Card makes it easy to earn and use cashback instantly.