Apple Card Offering Limited-Time Welcome Bonus

[MacRumors]

Applying for an Apple Card can score you some bonus money for a limited time.

Now through July 7, customers who apply for an Apple Card will receive $100 in extra Daily Cash when they spend $500 or more within the first 60 days of opening the account. You must apply for the Apple Card via the offer page to be eligible for the bonus.

The bonus is provided in addition to any regular Daily Cash that is earned. When paying with the Apple Card via Apple Pay, you can receive 3% back on purchases from Apple, Nike, Uber, Walgreens, and select other merchants in the U.S., and 2% back on all other purchases. When paying with the physical Apple Card, Daily Cash is limited to 1%.

It is common for credit cards to offer sign-up bonuses tied to minimum spending requirements, and there have been several Apple Card offers over the years.

Launched in 2019, Apple's credit card remains available in the U.S. only. The card can be managed in the Wallet app on the iPhone, with key benefits including color-coded spending summaries, no fees, and Daily Cash cash back paid out daily. Apple Card holders can also open a high-yield savings account, which currently offers a 3.65% APY.

Article Link: Apple Card Offering Limited-Time Welcome Bonus

 

[k1121j]

Guess that’s a decent welcome bonus. I will say I like the card even tho benefits are pretty normal. The ease of management is something I like. If you carry a balance you might not like it.

 

[russell_314]

Now through July 7, customers who apply for an Apple Card will receive $100 in extra Daily Cash when they spend $500 or more within the first 60 days of opening the account.

Make this make sense. GS has been fighting tooth and nail to get out of overseeing the Apple Card but now they’re trying to get more customers?


I would take the offer if I didn’t already have it.

 

[russell_314]

Guess that’s a decent welcome bonus. I will say I like the card even tho benefits are pretty normal. The ease of management is something I like. If you carry a balance you might not like it.

You should never carry a balance on a credit card. I’ve done it so not being judgmental but I’ve learned from experience. If you can’t fight the urge to charge more than you can pay at the end of the month, cut the cards up.

I agree with the card management being easy. It shows new card holders how much interest they are paying and it makes it super easy to pay.

 

[silverboy31]

Hey  can you work on getting this card in Canada asap please ... been asking for years now lol

 

[svish]

Looks like a very good deal while signing up. Sadly not available outside US and don't think it will expand anytime soon.

 

[ghanwani]

Is it still managed by Goldman Sachs?

 

[Justin Cymbal]

I got approved for my Apple Card back on March 7, 2021 with an initial credit limit of $250 (which has since been doubled to $500)

Goldman Sachs has since drastically tightened their lending standards due to substantial subprime credit card losses:

ð goldman sachs tightening apple card lending standard - Google Search

www.google.com

I use my Apple Card pretty much every day because it pays 2% cash back on most of the places that I go to (that accept Apple Pay) so I’m definitely glad that I was able to get my Apple Card back in 2021 before it became much more difficult to get:

Why Is it So Hard to Get the Apple Card?

The Apple Card might be hard to get because it is available to people with good credit . This requirement may be difficult for the average American to meet

wallethub.com

 

[CharlesShaw]

I really liked the Apple Card (and Apple Savings), but it was permanently tied to an Apple ID that I chose to delete.

I was waiting for Apple to find a new banking partner before applying again, but got a Savor card in the meantime with 3% rewards on groceries and dining (my primary use for any credit card) so I'll continue to wait unless there's a bigger incentive than $100.

 

[Corefile]

100 bucks? Is that a joke?

 

[ChedNasad]

I got approved for my Apple Card back on March 7, 2021 with an initial credit limit of $250 (which has since been doubled to $500)

Goldman Sachs has since drastically tightened their lending standards due to substantial subprime credit card losses:

ð goldman sachs tightening apple card lending standard - Google Search

www.google.com

I use my Apple Card pretty much every day because it pays 2% cash back on most of the places that I go to (that accept Apple Pay) so I’m definitely glad that I was able to get my Apple Card back in 2021 before it became much more difficult to get:

Why Is it So Hard to Get the Apple Card?

The Apple Card might be hard to get because it is available to people with good credit . This requirement may be difficult for the average American to meet

wallethub.com

That's an insanely low limit. Makes sense tho since they are trying to get out of that space. Glad I got mine earlier on

 

[Baritone_Guy]

I don’t carry a balance, but it has by far the lowest APR of any of the cards I use.

 

[chouseworth]

Not worth it, given the fact that GS is trying to exit the business and these kinds of offers are available at lots of other places with solid track records and stable futures.

 

[TruthAboveAllElse]

You should never carry a balance on a credit card. I’ve done it so not being judgmental but I’ve learned from experience. If you can’t fight the urge to charge more than you can pay at the end of the month, cut the cards up.

This is true for some people, not all.

There are cards with 0% interest, and it can make more financial sense to carry a balance on such cards, especially if that money is earning more money somewhere else.

 

[tsupersonic]

This is true for some people, not all.

There are cards with 0% interest, and it can make more financial sense to carry a balance on such cards, especially if that money is earning more money somewhere else.

That 0% interest is most likely an introductory offer which lasts so long (whether it's 6 months or 18 months). Just make sure you have enough money to pay off the card when that introductory period of 0% interest ends.

 

[splifingate]

100 bucks? Is that a joke?

I know, right?

A decent-month's Wage in 1947, and only 33 coffees in today's Economy....

 

[splifingate]

This is true for some people, not all.

There are cards with 0% interest, and it can make more financial sense to carry a balance on such cards, especially if that money is earning more money somewhere else.

If that Person is using a Traditional CC, such holds-true.

AAPL purchases on "The Card"™ are 0%-fixed.

I could not gain the same benefits from a Plumbing Contractor to spread my new W/H payments out over the next twelve months....

 

[tsupersonic]

I know, right?

A decent-month's Wage in 1947, and only 33 coffees in today's Economy....

33 coffees in this economy?! More like 20 Dunkin lattes

This is a joke of an offer. Look at other credit card offers with various points/miles/cash back

 

[TruthAboveAllElse]

That 0% interest is most likely an introductory offer which lasts so long (whether it's 6 months or 18 months). Just make sure you have enough money to pay off the card when that introductory period of 0% interest ends.

It depends, some banks and credit unions run offers for existing cardholders as well.

What people need to be really careful of is deferred interest. That can suck, a lot. But is also fine if you pay attention. Probably should not be legal, IMHO.

I currently don't use any credit cards. But they can work for different people in different ways.

 

[shamash]

I signed up through the link for this offer and was instantly approved, but I don't see the offer reflected anywhere in my Apple Wallet or the emails they sent me. Should it be listed somewhere? I don't see it under "Rewards & Offers" anywhere.

 

[splifingate]

33 coffees in this economy?! More like 20 Dunkin lattes

This is a joke of an offer. Look at other credit card offers with various points/miles/cash back

But Man . . . a hundred clappers is a hundred clappers.

I got exactly Zero when I signed-up back when....

 

[russell_314]

This is true for some people, not all.

There are cards with 0% interest, and it can make more financial sense to carry a balance on such cards, especially if that money is earning more money somewhere else.

I think that’s the one situation where it’s an exception. Usually that’s an introductory offer or some type of financing thing. I have a couple store cards where I can charge a larger purchase and get 0% interest for a period of time. You just have to be careful and understand the terms of that agreement. On many of those it says if you don’t make the required payments and only make the “minimum payment” you will have to pay interest for the entire loan period.

I was mainly referring to if you’re actually paying interest. Many credit cards today have 20% or higher interest rate. People will just pay the minimum payments and dig themselves into a hole. I’ve done this so I know it’s not good.

 

[russell_314]

33 coffees in this economy?! More like 20 Dunkin lattes

This is a joke of an offer. Look at other credit card offers with various points/miles/cash back

I agree there’s whole lot better offers out there. Usually for a simple cashback card it’s $200. I think the Apple Card is supposed to be an entry level card though. It’s a great first card to show people the basics. I still use mine for general purchases with Apple Pay because it gives 2% back.

 

[BrennanWDavis]

I think that’s the one situation where it’s an exception. Usually that’s an introductory offer or some type of financing thing. I have a couple store cards where I can charge a larger purchase and get 0% interest for a period of time. You just have to be careful and understand the terms of that agreement. On many of those it says if you don’t make the required payments and only make the “minimum payment” you will have to pay interest for the entire loan period.

I was mainly referring to if you’re actually paying interest. Many credit cards today have 20% or higher interest rate. People will just pay the minimum payments and dig themselves into a hole. I’ve done this so I know it’s not good.

Sure, but I have a card (these are more common in furniture stores) where any purchase over a certain amount I can do 0% interest financing for a period of time(12 months, 24 months, etc.). Heck, anything I buy from Apple on this card I split up over a period of time with 0% interest. I will do 0% financing for a $59 magsafe wallet. It's the time value of money.

 

[russell_314]

Sure, but I have a card (these are more common in furniture stores) where any purchase over a certain amount I can do 0% interest financing for a period of time(12 months, 24 months, etc.). Heck, anything I buy from Apple on this card I split up over a period of time with 0% interest. I will do 0% financing for a $59 magsafe wallet. It's the time value of money.

The rule I have for myself is I don’t put it on credit unless I have that much in the bank. If I’m putting a $2k MacBook on my Apple Card I’ll have at least $2k in the bank. Of course the exceptions are cars and houses.