Apple Card usually offers 3% Daily Cash cashback on the purchase of Apple products. However, just for the holiday season, Apple has doubled the cashback rate to 6%.
For all other transactions and purchases though, the Daily Cash limit continues to be 3%.
The 6% Daily Cash cashback is applicable for all Apple products purchased online or in-store. What this means is that if you purchase an iPhone 11 Pro worth $999 this holiday season from Apple using your Apple Card, you will get almost $60 as cashback.
For most hardware products that Apple sells, the 6% cashback is not that attractive since you will find better deals with third-party retailers like Best Buy, Target, or B&H. If you plan on buying a MacBook or an iPad, B&H, in particular, has some great deals which will ensure you save more than just the 6% cashback that Apple is giving.
However, for something like the new Mac Pro which launches later today, using your Apple Card to buy one makes a lot of sense. Other retailers are unlikely to start selling the Mac Pro so soon and even if they do, it is not going to be on discount anytime soon. Even if you buy the base Mac Pro which costs $4999 using your Apple Card, you will get almost $300 in cash back.
The good thing about Daily Cash is that the amount is credited to your account at the end of each day so you don’t have to wait for the cashback as well.[Via 9to5Mac]