Apple today announced that all Apple Card users can enjoy a new Savings account through which they can save their Daily Cash. The cash will be deposited in a high-yield Savings account from Goldman Sachs. Users can have their Daily Cash automatically deposited into the saving accounts — with no fees, no minimum deposits, and no minimum balance requirements. Users can also deposit additional funds into their Savings account through a linked bank account, or from Apple Cash balance. When required, users can withdraw funds at any time, with no fees.
Here’s are ways through which you can earn Daily Cash using Apple Card :
- Apple Card users get 3 percent Daily Cash on Apple Card purchases made using Apple Pay with Apple and select merchants, including Uber and Uber Eats, Walgreens, Nike, Panera Bread, T-Mobile, ExxonMobil, and Ace Hardware.
- 2 percent Daily Cash when they use Apple Pay at other merchants.
- 1 percent on all other purchases.
- There is no limit to the amount of Daily Cash users can receive.
Soon, users can spend, send, and save their Daily Cash amount directly from Apple Wallet.