Apple Daily Cash is a creative application that the company has offered. With the Apple Card, you have the opportunity to get cash back on all of your transactions. However, this card's cash-back program works somewhat differently than a typical rewards credit card.

This is a feature you could like to explore if you own an Apple smartphone and frequently use Apple Pay for purchases. In this article, we will look at what Apple Daily Cash is, how it works, and how to get the most out of this useful financial tool. Let's get started!

What is Apple Daily Cash?

Apple Daily Cash is a cashback program designed to reward users for using Apple Pay. Daily cash is money that you receive back from buying products with your Apple card. Every time you make a purchase with your Apple card, a portion of the money you spend is given to you. The Apple card offers a significant rewards program that allows you to earn up to 3 percent back for each purchase you make when you satisfy specific requirements. It also comes with no annual cost, no fees for foreign transactions, and no late penalties.

Daily cash is deposited into your Apple cash account, which is accessible through your Wallet in the same manner as your Apple card account but is separate from it. But, if for any reason you prefer not to have an Apple cash account, you do not need to establish one. You will still receive daily cash in that case but will only be unable to view it. You can open an Apple cash account at any moment.

How Daily Cash Works?

Considering daily cash is an unconventional rewards program, it's critical to comprehend how using the Apple card to get cash back operates. In this manner, you can be sure you are getting the most out of your money.

Linking a Card

To get started with Apple Daily Cash, you are required to link a valid credit or debit card to your Apple Pay account. This is the card that will be used for your Apple Pay transactions and the one that will accrue the daily cash rewards.

Making Purchases

Once your card is linked, you can make purchases at participating merchants. This can be anything from buying your morning coffee to shopping for groceries or even paying for services. As long as the transaction is done through Apple Pay, you're on your way to earning daily cash.

Accumulating Daily Cash

For every eligible purchase you make using Apple Pay, you'll receive a percentage of the transaction amount back as daily cash. The percentage varies depending on the type of transaction. Typically, it's higher for purchases directly from Apple, like buying a new iPhone, compared to everyday transactions.

3% for Apple purchases: You get 3% back when you use your Apple card when paying for subscriptions like Apple's music service and Apple storage or when you make purchases from the Apple store.

2% for Apple Pay: You get 2% back in daily cash whenever you use Apple Pay to make a purchase.

1% for the remaining ones: You will receive 1% back on purchases made from stores, websites, restaurants, and other non-category items. You will also receive 1% back if you use your actual Apple card.

Daily Cash Timeline

The daily cash you earn is usually credited to your Apple Cash card on a daily basis. This happens automatically, so you don't need to worry about redeeming anything. Your daily cash balance accumulates, ready for you to use whenever you want.

How to Use Your Daily Cash

Now that you've earned some daily cash, you might be wondering how to put it to good use. It offers a few options:

Spend using Apple Pay

Using your daily cash for future Apple Pay transactions is the easiest method to make use of it. You will be able to utilize your daily cash to partially or completely balance the transaction amount when you check out.

Send Money to Your Bank

You can move your daily cash to the associated bank account if that's more convenient for you. This allows you greater freedom in directing your rewards to savings, payments, or other financial objectives.

Pay Your Apple Card Balance

It's possible that some consumers would also like to pay down their balances on their Apple cards with daily cash. Utilizing your card to make purchases can be a smart method for disposing of your money. For individuals who like to do so, this is still an option, even if it could involve a significant number of daily cash awards.

Tips for Maximizing Your Daily Cash

Here are a few tips for maximizing your daily cash.

Use Apple Pay Everywhere

The more you use Apple Pay, the more opportunities you have to earn daily cash. Try to use Apple Pay whenever it's accepted, whether you're shopping online or in-store.

Leverage Apple Services

Purchasing Apple products or subscribing to Apple services often yields higher daily cash percentages. If you're planning on upgrading your device or subscribing to a service, consider doing it through Apple Pay to maximize your rewards.

Monitor Special Offers

Apple occasionally runs promotions and special offers that can boost your daily cash earnings. Keep an eye out for these opportunities, as they can provide extra incentives for certain purchases.

Conclusion

To sum up, Apple Daily Cash is a user-friendly method of earning rewards for utilizing Apple Pay. You may easily earn points by linking your card, making purchases, and monitoring your daily cash amount. These awards can then be transferred to your bank account, used for future transactions, or sent to friends. Thus, keep in mind that you might be making a little extra money with Apple Daily Cash the next time you go for your Apple device to make a purchase.