Apple Card Promo Offers $75 in Daily Cash to New Users

[centauratlas]

I'm interested in where you retrieved your statistics from?

The only 2.5% cash back card (on everything) with no AF I've heard of is the USAA Limitless... And it was available in select states, required a single direct deposit of $1,000 or more a month, and also no longer exists.

If you want 2.5%+ back in rewards on all purchases, one would have to get a Chase or AMEX and redeem for flight mileage.

If you get the Bank of America Premium Rewards card and keep some level of investments (does have to be cash) there then you can get 2.62% on everything. I keep some shares there that I never intend to sell. It has an annual fee, but I think there is a non fee version now. And you get double the rewards on food and travel, iirc. And it is cash back, not miles.
I use the Apple Card for the 3% on everything apple though.

 

[adnbek]

Wish they'd make it available outside the US.... still waiting haha

 

[contacos]

It’s wild how different things are in the US. We hardly get any benefits for paying with credit cards, if at all. In fact, you may have to pay a fee to pay with your credit card (or they only take card for spending more than 10/20 euro) and if you have more than one card, good bye Schufa score

 

[SnappleRumors]

I have an Apple Card in the rare event of an Apple purchase. 99% of personal spending is via AmEx.

 

[MrMojo1]

“To receive a 0% APR installment on eligible products from apple.com, the Apple Store app, or an Apple Store, you must choose Apple Card Monthly Installments as your payment option at checkout. If you pay for your eligible Apple purchase all at once with your Apple Card, your purchase will not receive 0% APR, but is subject to the standard purchase APR assigned to your Apple Card.”

Anyone with an Apple Card know if you can elect the 0% financing upon purchase but then pay off the balance sooner within a few months without any penalties?

Thanks!

 

[Macintosh Quadra 840av]

I'm interested in where you retrieved your statistics from?

The only 2.5% cash back card (on everything) with no AF I've heard of is the USAA Limitless... And it was available in select states, required a single direct deposit of $1,000 or more a month, and also no longer exists.

If you want 2.5%+ back in rewards on all purchases, one would have to get a Chase or AMEX and redeem for flight mileage.

Even with 2% being a minimum, Apple Card falls short as you have to use Apple Pay in order to get that amount, while many other cards give it to you on ALL purchases, including using the physical card.

It's also missing a lot of the fairly common features found on other cards, like rental insurance, extended warranties, and more.

The Apple Credit Card Review 2025

The Apple Credit Card combines excellent rewards with a consumer-friendly app. If you use Apple Pay or are an Apple devotee, the card could be a fit for you.

www.forbes.com

Why the Apple Card Works Great for Me — and How to Tell if It Works for You

If you value simplicity, and you are in the Apple ecosystem, this card may work for you, too.

time.com

What Is the Standard Cash-Back Rate for Credit Cards? - NerdWallet

Competition forced a rise in many flat-rate cash-back rewards rates to 1.5%. They might go even higher.

www.nerdwallet.com

 

[compwiz1202]

It’s wild how different things are in the US. We hardly get any benefits for paying with credit cards, if at all. In fact, you may have to pay a fee to pay with your credit card (or they only take card for spending more than 10/20 euro) and if you have more than one card, good bye Schufa score

They used to have fees and minimums here, but I haven't seen them anywhere in forever. I didn't mind the fees as long as they weren't crazy, but I thought the minimums were BS. That was an instant way to make me blacklist you

EDIT: Actually the only really bad minimums were the unreasonably high ones for the type of business.

 

[al256]

Even with 2% being a minimum, Apple Card falls short as you have to use Apple Pay in order to get that amount, while many other cards give it to you on ALL purchases, including using the physical card.

It's also missing a lot of the fairly common features found on other cards, like rental insurance, extended warranties, and more.

The Apple Credit Card Review 2025

The Apple Credit Card combines excellent rewards with a consumer-friendly app. If you use Apple Pay or are an Apple devotee, the card could be a fit for you.

www.forbes.com

Why the Apple Card Works Great for Me — and How to Tell if It Works for You

If you value simplicity, and you are in the Apple ecosystem, this card may work for you, too.

time.com

What Is the Standard Cash-Back Rate for Credit Cards? - NerdWallet

Competition forced a rise in many flat-rate cash-back rewards rates to 1.5%. They might go even higher.

www.nerdwallet.com

None of that nor those articles answer the question. Did you have a typographical error?

From your cited article, "Competition forced a rise in many flat-rate cash-back rewards rates to 1.5%". The middle-of-the-road cards are 1.5%, not the 2.5% you posted.

Where are these "free card (average is 2.5% cash back on all purchases)"???

 

[MrMojo1]

The Apple Card looks good for those who are deeply in Apple's ecosystem.
For all others, like those who only own an iPhone and APPs, it's very limited as it won't be used much except every few years to upgrade the iPhone and APP.

If one has an Apple Card, one may forget about it if it's used so infrequently.
So if the Apple Card pays 3% on Apple purchases like an iPhone (or very specific merchants according to Apple), the 1% difference (from a 2% card).. $1,200 iPhone x 1% = $12... is not much of a cashback if the card is used infrequently ~2~4 years for Apple upgrades.

There are other credit cards with no annual fees and better cashback like Citi where one card pays back 2% on all purchases (including 4% on gas). Some cards have 'special' buys, depending on the quarter and the company involved, which pays ~4~5% (i.e. groceries, shopping) instead of 1% from the Apple Card.

 

[macintologist]

What's "AF?"

I hate in-crowd lingo like that. Drives me nuts. Mom forums are full of it.

 

[macintologist]

The Apple Card looks good for those who are deeply in Apple's ecosystem.
For all others, like those who only own an iPhone and APPs, it's very limited as it won't be used much except every few years to upgrade the iPhone and APP.

If one has an Apple Card, one may forget about it if it's used so infrequently.
So if the Apple Card pays 3% on Apple purchases like an iPhone (or very specific merchants according to Apple), the 1% difference (from a 2% card).. $1,200 iPhone x 1% = $12... is not much of a cashback if the card is used infrequently ~2~4 years for Apple upgrades.

There are other credit cards with no annual fees and better cashback like Citi where one card pays back 2% on all purchases (including 4% on gas). Some cards have 'special' buys, depending on the quarter and the company involved, which pays ~4~5% (i.e. groceries, shopping) instead of 1% from the Apple Card.

Apple Pay is 2% on Apple Pay purchases which is like those cards.

 

[MrMojo1]

Apple Pay is 2% on Apple Pay purchases which is like those cards.

"Apple Card gives you unlimited 3% Daily Cash back on everything you buy at Apple (Apple Store, App store. Apple.com).
Get 2% Daily Cash back every time you pay with your iPhone (Apple Pay) or Apple Watch.
When you use the card, you'll get 1% Daily Cash back on every purchase."

www.apple.com/apple-card/features

 

[TechNutt]

I have a backup iPhone until the new one arrives. Every once in a while I will upgrade my back up phone to a newer used one from Swappa for like 150-200 bucks that lasts me another few years.


That's another reason. I hate being carrier locked and I hate all their financing plans. That and I enjoy the whole pre-order chaos around the new iPhone release.

See, it’s the details. I was missing a part of this movie storyline 😂

If you get the Bank of America Premium Rewards card and keep some level of investments (does have to be cash) there then you can get 2.62% on everything. I keep some shares there that I never intend to sell. It has an annual fee, but I think there is a non fee version now. And you get double the rewards on food and travel, iirc. And it is cash back, not miles.
I use the Apple Card for the 3% on everything apple though.

Thanks for sharing this info.

 

[TechNutt]

“To receive a 0% APR installment on eligible products from apple.com, the Apple Store app, or an Apple Store, you must choose Apple Card Monthly Installments as your payment option at checkout. If you pay for your eligible Apple purchase all at once with your Apple Card, your purchase will not receive 0% APR, but is subject to the standard purchase APR assigned to your Apple Card.”

Anyone with an Apple Card know if you can elect the 0% financing upon purchase but then pay off the balance sooner within a few months without any penalties?

Thanks!

As someone without an Apple Card, I wonder the same question? I wouldn’t think so, but I wouldn’t want to assume as much.

 

[Choco Taco]

Anyone with an Apple Card know if you can elect the 0% financing upon purchase but then pay off the balance sooner within a few months without any penalties?

Thanks!

You can pay it off sooner, but you have to contact Apple first to do it. There are no penalties, they just need to know.

 

[Euge]

“To receive a 0% APR installment on eligible products from apple.com, the Apple Store app, or an Apple Store, you must choose Apple Card Monthly Installments as your payment option at checkout. If you pay for your eligible Apple purchase all at once with your Apple Card, your purchase will not receive 0% APR, but is subject to the standard purchase APR assigned to your Apple Card.”

Anyone with an Apple Card know if you can elect the 0% financing upon purchase but then pay off the balance sooner within a few months without any penalties?

Thanks!

As someone without an Apple Card, I wonder the same question? I wouldn’t think so, but I wouldn’t want to assume as much.

You can pay it off sooner, but you have to contact Apple first to do it. There are no penalties, they just need to know.

You don't have to contact Apple. You can pay early or pay extra as long as you pay off your current balance first.
See the second section in this Apple Support Article entitled "Pay Extra"

 

[Choco Taco]

You don't have to contact Apple. You can pay early or pay extra as long as you pay off your current balance first.
See the second section in this Apple Support Article entitled "Pay Extra"

Yes, you can pay extra, but I was told by a Goldman Sachs Apple rep that in order to pay off the entire finance loan early, you have to contact them first.

 

[Euge]

Yes, you can pay extra, but I was told by a Goldman Sachs Apple rep that in order to pay off the entire finance loan early, you have to contact them first.

Maybe you're referring to Apple Pay Later? which is different than Apple Card Monthly Installments (ACMI). I bought my iPhone and AirPods Pro using ACMI out of curiosity. I haven't paid it off in full but will at the end of this month. This is what I get when I tap "Pay Early":

 

[Choco Taco]

Maybe you're referring to Apple Pay Later? which is different than Apple Card Monthly Installments (ACMI). I bought my iPhone and AirPods Pro using ACMI out of curiosity. I haven't paid it off in full but will at the end of this month. This is what I get when I tap "Pay Early":

View attachment 2128903

Thanks for the clarification. Maybe there was a breakdown in communication with the rep or they just didn't know the answer. That's good to know.

 

[MrMojo1]

You don't have to contact Apple. You can pay early or pay extra as long as you pay off your current balance first.
See the second section in this Apple Support Article entitled "Pay Extra"

So if you buy a new iPhone for $1,200... let's say it's ~$33.50/month for 36 months under the 0% installment payment plan.
You pay the $33.50 current balance first.
Then pay $1,200 - 33.50= $1,166.50 as an Extra payment, if funds are available for payoff.

You get the 3% cashback, the ability to spread out the payments without worrying about the extra interest expense and still have the ability to pay off the remaining balance.
Nice!

 

[Choco Taco]

So if you buy a new iPhone for $1,200... let's say it's ~$33.50/month for 36 months under the 0% installment payment plan.
You pay the $33.50 current balance first.
Then pay $1,200 - 33.50= $1,166.50 as an Extra payment, if funds are available for payoff.

You get the 3% cashback, the ability to spread out the payments without worrying about the extra interest expense and still have the ability to pay off the remaining balance.
Nice!

Yeah. The cash back from the iPhone 14 PM was quite nice.

 

[TechNutt]

Maybe you're referring to Apple Pay Later? which is different than Apple Card Monthly Installments (ACMI). I bought my iPhone and AirPods Pro using ACMI out of curiosity. I haven't paid it off in full but will at the end of this month. This is what I get when I tap "Pay Early":

View attachment 2128903

This was very helpful! Thanks for sharing!

 

[eperitus]

Where is the competitive advantage with the Apple Card? I was considering Apple Card for the 2% and for things like this signup bonus, but there are so many downsides:

* No Car Rental Collision Damage Waiver benefit
* No extended warranty, or even extended Applecare
* You can't easily or automatically export transactions to account aggregators like Mint, etc.

Almost every other popular credit card offers these basic benefits. And it's a Mastercard so you can't use it at Costco.

I can't figure out why Apple would offer such a gimped product for so long of a time.