New Apple Card Customers Can Get 5% Cash Back on Apple Purchases

[MacRumors]

This week through January 31, new Apple Card customers can receive 5% Daily Cash back for purchases made through Apple compared to the 3% reward typically offered to customers.

New Apple Card customers who create an account between December 26 and January 31 will be eligible for the 2% higher cash back on iPhone, Apple Watch, Mac, iPad, and other purchases when paid in full. Customers will receive 3% Daily Cash back when paying via installments.

The new promotion is not available to existing Apple Card customers, who will continue to receive the standard 3% Daily Cash back rate.

Apple Card's Daily Cash is credited to customers daily and can be used as normal cash, sent to friends or family, or transferred to a bank account. Apple ran a similar promotion for all Apple Card users in 2019, but that year, it offered 6% Daily Cash back, double the standard rate.

Article Link: New Apple Card Customers Can Get 5% Cash Back on Apple Purchases

 

[TheYayAreaLiving 🎗️]

The Majority of the people already purchased Apple products last week. Should have done it during the holidays. I guess the spending won’t stop.

 

[VSG]

Still no word yet on bringing Apple Card to other countries like Germany. 🙁

 

[samifathi]

The Majority of the people already purchased Apple products last week. Should have done it during the holidays. I guess the spending won’t stop.

Better late than never? 🥴

 

[calvin_short]

The Majority of the people already purchased Apple products last week. Should have done it during the holidays. I guess the spending won’t stop.

I think that’s the point. People who bought products last week were going to regardless. This promotion is #1 to get more Apple Card users, and #2 to increase sales for people with holiday money and/or since this week may have lower sales than typical because so much shopping happened last week.

 

[jz0309]

The Majority of the people already purchased Apple products last week. Should have done it during the holidays. I guess the spending won’t stop.

Return it and buy again …

 

[Benjamin Nabulsi]

that's unfair to the early customers..

 

[Mlrollin91]

that's unfair to the early customers..

How is it really different than any other credit card company? When my wife got her Sapphire Preferred card, she got 60,000 points for her sign up offer; I got 100,000. Sign up offers or promos are always changing.

 

[Robert.Walter]

LoL I only use my Apple Card to pay for apple services because there are no supplemental protections on product purchases.

I use my AMEX for products because I get SkyMiles, warranty extensions, damage protection.

 

[sw1tcher]

The Majority of the people already purchased Apple products last week. Should have done it during the holidays. I guess the spending won’t stop.

Less people likely to buy those Apple products now vs during the holidays. This means less people to give the extra 2% bonus to.

In other words, Apple/Goldman Sachs doesn't have to pay out as much.

 

[sw1tcher]

Return it and buy again …

People going to create a new account too?

New Apple Card customers who create an account between December 26 and January 31 will be eligible for the two percent higher cashback on iPhone, Apple Watch, Mac, iPad, and other purchases when paid in full.

 

[Mr. Jenkins]

Great! Created my account two days too early.

 

[Rychiar]

This week through January 31, new Apple Card customers can receive 5% Daily Cash back for purchases made through Apple compared to the 3% reward typically offered to customers.

New Apple Card customers who create an account between December 26 and January 31 will be eligible for the 2% higher cash back on iPhone, Apple Watch, Mac, iPad, and other purchases when paid in full. Customers will receive 3% Daily Cash back when paying via installments.

The new promotion is not available to existing Apple Card customers, who will continue to receive the standard 3% Daily Cash back rate.

Apple Card's Daily Cash is credited to customers daily and can be used as normal cash, sent to friends or family, or transferred to a bank account. Apple ran a similar promotion for all Apple Card users in 2019, but that year, it offered 6% Daily Cash back, double the standard rate.

Article Link: New Apple Card Customers Can Get 5% Cash Back on Apple Purchases

It should always be 5… this is why I mainly buy with my Amazon card

 

[Neepman]

Seriously. F' them for not offering this to current card holders during the same term

 

[jz0309]

People going to create a new account too?

a CC account, not a new apple ID

 

[poematik13]

The card is pretty weak compared to the competition. I basically just use it for whenever there's apple pay since it gets 2%

 

[rpmurray]

Ah, explains why prices of products have gone up 5%.

 

[smirking]

I have a dumb question. How do you use you Daily Cash back? I got my 3% back from my MBP. Too bad it wasn't this 5% back, but I'm not gonna sweat it. It is what it is.

What is an issue for me is that I have no idea how to use that 3% back that I did get. I figured that I would get an option to apply my credit when making a purchase, but I didn't see that option.

 

[12vElectronics]

that's unfair to the early customers..

CC offers come and go all the time. That's the nature of the business.

 

[sw1tcher]

a CC account, not a new apple ID

Yes, that's what I meant.

I know it's a bonus for new Apple Card account holders who apply between December 26 and January 31. Taking a hit on your credit for lousy 2% bonus.... I'd save the hit for one of the $200 sign up bonuses from other credit cards unless you recently spent $10K or more with Apple.

 

[mrat93]

Or, just get 5% off — and often with another discount — using a free Target Red Card.

 

[smirking]

CC offers come and go all the time. That's the nature of the business.

I've seen some pretty crazy ones for business card offers recently. $600 for opening an account and spending $5000 in 90 days, which isn't at all hard to do when you have a business. It was actually enough to make me consider it.

 

[sw1tcher]

Or, just get 5% off — and often with another discount — using a free Target Red Card.

I didn't know Target sold Macs.

I also didn't know the Red Card extended the warranty or offered accidental damage/theft protection like my AmEx card.

 

[adamjackson]

that's unfair to the early customers..

sort of Business 101. Why would I overpay on customer acquistion when I didn’t have to? If someone is willing to buy AirPods at 3% off, great! I’m happy to have earned their business. Those who didn’t, I’m willing to give them an extra 2% off for signing up for a credit card for a limited time only.

 

[ufgatorvet]

Atta way to reward loyal customers who have been using it for years. 😛