I’ve got to say that when I heard about this card, I was not very excited. I already have the Apple Barclaycard. But after digging a little into this card, which is expected to release this summer, I started to appreciate what Apple is trying to do here.
From a rewards perspective it is a tiered system.
Get 3% back on everything you buy from Apple, whether you buy it at an Apple Store, apple.com, the App Store, or iTunes. That includes games, in‑app purchases, and services like your Apple Music subscription and iCloud storage plan.
Get 2% back every time you buy something using Apple Pay. That’s in every category, with no limits. Imagine all the things you use a credit card for every day — at Target, Walgreens, Lyft. You’ll get 2% back on just about everything.
If you happen to come across a store, website, or app that doesn’t take Apple Pay yet, Apple Card still gives you 1% of your purchases back in the form of Daily Cash. (Which is a Goldman Sachs Mastercard)
What is Daily Cash?
Daily Cash goes onto yourApple Cash card. If you are already sending money to people using Apple Pay, you’ve already got one. If not, check out this Apple Support article to get set up. If you do not have an Apple Cash account, Daily Cash can be applied by you as a credit on your statement balance.
If you are an Android user, you’ve probably already stopped reading.