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It will not expire. If you don’t have an Apple Cash account set up, you can only use the daily cash (reward money) towards paying off your Apple credit card.

More here: https://support.apple.com/en-us/HT209227

Use Daily Cash with Apple Cash
First, set up your Apple Cash account. When your Apple Cash account is set up, you're ready to receive Daily Cash and have it added to your Apple Cash card.
When a purchase is settled, your Daily Cash is added to your Apple Cash card. You can use it to make purchases or send it in messages to friends and family who have Apple Cash set up.
You can also use Apple Cash to make a one-time payment towards your Apple Card balance.
If you don't have Apple Cash set up, your Daily Cash from Apple Card purchases accumulates. The Daily Cash that accumulates can be applied towards your Apple Card balance.”
Did you set up the cash account and did it require a debit card to set up. I hate asking all these questions but I’m just curious how it all works. Thanks.
 
If you already have a balance on your Apple ID from gift cards, etc. Just set the new Apple Card as your default in Apple Pay, and use the card to add funds (I did $1.00) to your Apple ID, and you'll get the $50. I already see mine pending. Just did this.
 
If you already have a balance on your Apple ID from gift cards, etc. Just set the new Apple Card as your default in Apple Pay, and use the card to add funds (I did $1.00) to your Apple ID, and you'll get the $50. I already see mine pending. Just did this.
So you can just use the Apple Card to add funds and get the $50?
 
So you can just use the Apple Card to add funds and get the $50?
Yes. Just did it. I see the $50 (as well as the 3%) pending for Daily Cash on my $1.00 Add Funds purchase.

Assuming you applied for the Apple Card within July.
 
Yes. Just did it. I see the $50 (as well as the 3%) pending for Daily Cash on my $1.00 Add Funds purchase.

Assuming you applied for the Apple Card within July.
Did it take a while to get the $50 credit. I just got the card and added $50 to my Apple ID. Don’t see the credit yet.
 
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