“Apple Daily Cash” is a feature associated with the Apple Card, a credit card created by Apple Inc. Here’s a breakdown of what it is and how it works:
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Apple Daily Cash: What It Is and How It Works
What is Apple Daily Cash?
- Cash Back Program: Apple Daily Cash is essentially a cash back reward program. It offers Apple Card users a percentage of their purchases back as cash.
- Daily Rewards: Unlike many other cash back programs, Apple Daily Cash rewards are credited to the user’s account on a daily basis, rather than monthly.
How It Works:
- Earning Cash Back:
- Using Apple Pay: Users typically earn a higher percentage of cash back on purchases made using Apple Pay.
- Purchases from Apple: Buying Apple products or services often yields the highest percentage of cash back.
- Physical Apple Card Usage: For purchases where Apple Pay isn’t accepted, using the physical Apple Card typically provides a lower cash back percentage.
- Crediting of Cash Back:
- The cash back earned each day is added to the user’s Apple Cash card, which is part of the Wallet app on Apple devices.
- If a user doesn’t have an Apple Cash card, the Daily Cash accumulates and can be applied towards the Apple Card balance.
- Usage of Daily Cash:
- Apple Pay: It can be used for purchases where Apple Pay is accepted.
- Send to Friends: Users can send it to friends or family via Messages.
- Pay Apple Card Balance: It can be applied towards the Apple Card balance.
- Transfer to Bank Account: Users have the option to transfer their Daily Cash to their personal bank account.
- No Limits: There is generally no cap on how much Daily Cash you can earn.
- Real Cash: Unlike points systems, Daily Cash is actual cash that can be used immediately.
- No Expiry: Daily Cash does not expire and will remain in the Wallet app until used.
- Apple Card: You must have an Apple Card to earn and use Daily Cash.
- Eligibility: Eligibility for an Apple Card typically requires a credit check.
Changes and Updates:
It’s important to note that the specifics of such programs can change, and it’s always a good idea to check the most current information from Apple or the Apple Card issuer, Goldman Sachs, for the latest details and terms.
What is Apple Daily Cash?
Apple Daily Cash is a rewards feature specifically for Apple Card users. It offers a percentage of every purchase made with the Apple Card as cash back. This cash back is credited daily, rather than monthly, as is common with many other credit cards. Here’s a brief overview:
Key Features of Apple Daily Cash:
- Daily Cash Back: Users receive a certain percentage of their purchase as cash back every day.
- Various Cash Back Rates:
- Higher rates for purchases made using Apple Pay.
- Even higher rates for purchases of Apple products or services.
- A standard rate for purchases made with the physical Apple Card where Apple Pay isn’t available.
- Deposited to Apple Cash Card: The cash back is added to the user’s Apple Cash card daily, which is in the Wallet app on Apple devices.
- Usage Options:
- Can be used anywhere Apple Pay is accepted.
- Can be sent to friends or family via Messages.
- Can be applied to the Apple Card balance.
- Can be transferred to a bank account.
- No Expiry: The cash back earned does not expire.
- Real Cash, Not Points: Unlike some reward programs that offer points, Daily Cash is actual money.
- No Limits: There is usually no cap on the amount of Daily Cash you can earn.
- To benefit from Apple Daily Cash, you must have an Apple Card.
This program is part of Apple’s strategy to incentivize the use of their Apple Card, offering immediate and tangible rewards for purchases. As always, for the most current details and any updates to the program, it’s best to consult the latest information provided by Apple or Goldman Sachs, the issuer of the Apple Card.
How do I use Apple Daily Cash?
Using Apple Daily Cash is straightforward once you’ve earned it through purchases with your Apple Card. Here are the steps and options for using your Daily Cash:
Accessing Your Daily Cash
- Apple Cash Card: Daily Cash is added to your Apple Cash card, which is part of the Wallet app on your iPhone or iPad. To view your balance, simply open the Wallet app.
Ways to Use Your Daily Cash
- Make Purchases: You can use your Daily Cash for purchases anywhere Apple Pay is accepted. Just select your Apple Cash card when paying with Apple Pay.
- Send to Friends or Family: With Apple Cash, you can send money to friends or family via Messages. This is a convenient way to split bills, send gifts, etc.
- Apply to Apple Card Balance: You can apply your Daily Cash as a credit towards your Apple Card balance. This can help reduce your credit card bill.
- Transfer to Your Bank Account: If you prefer, you can transfer your Daily Cash from your Apple Cash card to your personal bank account.
Setting Up and Managing Apple Cash
- Setting Up Apple Cash: If you haven’t already, you need to set up your Apple Cash card in the Wallet app.
- Managing Apple Cash: You can manage your Apple Cash settings, including transferring money to your bank account, directly within the Wallet app.
Things to Remember
- Apple Cash Availability: Apple Cash is only available in certain countries and regions. You need to check if it’s available in your location.
- No Expiry: Your Daily Cash doesn’t expire, so you can use it whenever you choose.
- Security and Privacy: As with all Apple Pay transactions, your Daily Cash and Apple Cash transactions are secure and private.
How to Get Help
If you encounter any issues or have questions about using your Daily Cash, you can contact Apple Support for assistance. They can guide you through any technical or usage-related queries.
By integrating the rewards directly into the Apple ecosystem, Apple Daily Cash provides a seamless and flexible way to benefit from using the Apple Card.
Apple Daily Cash FAQs
Sure, here are some frequently asked questions about Apple Daily Cash, along with their answers:
1. What is Apple Daily Cash?
- Answer: Apple Daily Cash is a feature of the Apple Card that gives you a percentage of your purchases back as cash on a daily basis.
2. How do I earn Apple Daily Cash?
- Answer: You earn Daily Cash on every purchase you make with your Apple Card. The percentage you earn depends on the type of purchase: a higher percentage for purchases made directly with Apple (including Apple services) and a lower percentage for purchases made using the physical Apple Card.
3. Where does my Daily Cash go?
- Answer: Your Daily Cash is automatically added to your Apple Cash card in the Wallet app on your iPhone or iPad.
4. Can I use Daily Cash with any purchase?
- Answer: Yes, you can use Daily Cash for purchases anywhere Apple Pay is accepted, send it to friends or family through Messages, apply it as a credit towards your Apple Card balance, or transfer it to your bank account.
5. Do I need an Apple Cash account to receive Daily Cash?
- Answer: Yes, Daily Cash is credited to your Apple Cash card. If you don’t have Apple Cash set up, your Daily Cash accrues and you can apply it towards your Apple Card balance.
6. Does Apple Daily Cash expire?
- Answer: No, there is no expiration date for Daily Cash. It stays in your Apple Cash account until you decide to use it.
7. Is there a limit to how much Daily Cash I can earn?
- Answer: Generally, there is no cap on the amount of Daily Cash you can earn. It’s based on the amount of your purchases.
8. How do I view my Daily Cash balance?
- Answer: You can view your Daily Cash balance in the Wallet app on your Apple device. It is displayed on your Apple Cash card.
9. Can I transfer my Daily Cash to my bank account?
- Answer: Yes, you can transfer your Daily Cash from your Apple Cash card to a bank account.
10. Is there a fee to use or transfer Daily Cash?
- Answer: Typically, there are no fees to use or transfer your Daily Cash to your bank account, but it’s always wise to check for any updates or changes in terms and conditions.
For the most accurate and up-to-date information, it’s recommended to check the official Apple website or contact Apple support.