The most important thing to know about the Apple Card’s cash back program is that it awards cardholders with 1 - 3% cash back, depending on the type of purchase. Another good thing to know is that the Apple Card’s cash back program distributes rewards on a daily basis. The same day a purchase processes, you will receive the cash back for that purchase. It’s also worth noting that there’s no limit to the amount of cash back the cardholders can earn.
Still, there are more things you should know about how the card's cash back program works. You can check them out below.
5 Key Things To Know About The Apple Card’s Cash Back Program
1. Apple Card Cash Back Rewards
- Every time customers use Apple Card with Apple Pay, they will receive 2% Daily Cash.
- Customers will also get 3% Daily Cash on all purchases made directly with Apple, including at Apple Stores, on the App Store and for Apple services. You also get 3% cash back on purchases you make at select merchants like Exxon, T-Mobile, Nike, Uber and more.
- Apple has also designed a titanium Apple Card for shopping at locations where Apple Pay is not accepted yet. For purchases made with the titanium Apple Card, customers will get 1% Daily Cash.
The Apple Card’s cash back rewards are very convenient. You earn cash back almost immediately after making purchases, and you can easily access it through any iOS device, such as an iPhone, iPad or Apple Watch.
2. Apple Card 3% Cash Back Categories
The Apple Card is most rewarding when used to make purchases from select merchants using Apple Pay. Purchases made with the physical credit card, earn just 1% cash back. Currently, the locations that give you 3% cash back for using Apple Pay with an Apple Card are:
- Purchases at Apple
- Uber/Uber Eats
- Duane Reade
- Panera Bread
Keep in mind that merchant offers could change at any time. So, it’s worth checking out which the latest Apple Card 3% categories are before your make a purchase with your card.
3. Where to Find Your Apple Card Cash Back Rewards
Your Apple Card cash back rewards go into your Apple Cash account, which you can find in the Wallet app.
When you shop with Apple Pay and have a balance in your Apple Cash account, you can use it to pay for purchases instead of using another form of payment tied to your account.
4. How to Redeem Your Apple Card Cash Back Rewards
It’s pretty easy to spend Apple Card rewards on whatever you want or to send earnings to your savings. More specifically, you can spend the Apple Card’s cash back rewards to:
Shop through Apple Pay: You can use Apple Pay to pay anywhere it is accepted—in grocery stores, boutiques, restaurants and more. You can also use Apple Pay to make purchases on iTunes, Apple Music, the App Store, iCloud, Apple News+ and more.
Send money through Messages: You can use Apple Cash to send money to your iMessage friends. Just open a private conversation thread with the person you want to send money to. Tap the "Apple Pay app" icon just above the keyboard, where the rest of your iMessage apps are located. Enter the amount of money you want to send and tap "Pay."
Transfer money to your bank account: If you'd rather have your Apple Cash in your checking account, you can transfer the money directly from your iPhone. Just open the Wallet app and choose “Transfer to Bank.” Enter the amount you want to withdraw, then tap “Next.”
Pay off your balance: It's possible to use your Daily Cash earnings to pay towards your Apple Card balance. Open the Wallet app and select your Apple Card. Then, tap the “Pay” button, enter the amount you want to pay, and select “Pay Now.”
5. Apple Card Cash Back Won't Expire
The Apple Card’s cash back rewards will never expire. Even if you close the account, the money is still available in Apple Cash within the Wallet app.
To make the most of your cash back, use Apple Pay whenever possible. Doing your everyday shopping at stores that allow this payment method helps you save more.
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