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Apple Card temporarily offering 6% back on Apple purchases

On the fence about the Apple Card? You may want to apply soon – especially if you’re planning a large purchase at Apple

Summary

Now might be a good time to apply for the Apple Card – but consider your options first.

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Many rewards credit cards offer the opportunity to earn a sign-up bonus. Even some no-annual-fee credit cards offer them, allowing consumers to maximize cash back or points without paying every year for simply having the card.

The Apple Card only started offering a sign-up bonus as a limited-time deal in June 2020, when Apple cardholders could earn $50 in Daily Cash after spending $50 at Walgreens. This was followed by limited-time offers in September, October, November 2020 and January 2021.

Currently, through Nov. 13, you can earn a sign-up bonus of $75 when you spend at least $75 using Apple Pay at Nike.com, in Nike apps or at Nike stores in your first 30 days with the card.

Additionally, the card is quietly launching yet another limited-time offer: Apple Card holders can earn 6% back in Daily Cash when using their card to pay in full for products at Apple through Dec. 31. This is the second time the card is offering this deal, but now, it’s available to both new and existing cardholders.

How to get the 6% back on Apple purchases

Through Dec. 31, new and existing Apple cardholders who use their card to pay for purchases at Apple stores, Apple.com or in the Apple Store app, can earn 6% back in Daily Cash.

Note that certain purchases aren’t eligible for the bonus. For example, you’ll only earn 3% Daily Cash back (the card’s regular offer) if you’re paying for your purchase in installments or if you’re making Apple iPhone payments. Other types of purchases that don’t qualify include iPhone Upgrade Program, wireless carrier financing plans, Apple Media Services and AppleCare+ monthly payments.

Previously, the bonus on the Apple Card ranged between $50 and $75. An extra 3% Daily Cash back will probably bring you less value, unless you’re planning large Apple purchases.

For instance, you’d typically get $30 back in Daily Cash for a $1,000 Apple purchase. With the new limited-time bonus, you can get $60 back, which is only $30 in extra value.

To get an extra $50 back with the new offer, you’d need to spend around $1,670 on Apple purchases. Considering that you only have until the end of December to spend this money, it’s an expensive bonus.

You can apply for the Apple Card using your Apple ID.

Should you use the new Apple Card offer?

If you’re an existing cardholder and have been considering an Apple purchase in the near future, the new limited-time offer can be rather handy. This is especially true considering the timing – the offer has arrived just in time for the holiday season.

If you have been thinking about applying for the Apple Card, it might be a good idea to do so in the next few weeks. Not only will you be able to get 6% back on Apple purchases through the end of the year, but you can also take advantage of the current sign-up bonus offer through Nov. 13.

Besides that, the Apple Card offers 3% cash back on Apple purchases, as well as 3% cash back when you use Apple Pay for Walgreens, Nike and Uber and Uber Eats purchases and at T-Mobile stores. Other Apple Pay purchases will earn you 2% in cash back. When you use the physical card, the cash back rate goes down to 1%.

However, the Apple Card might not make sense for everyone. The earning rate is good on Apple purchases, but if you’re looking for a primary cash back card to add to your wallet, there might be better options.

For example, with the Blue Cash Everyday® Card from American Express you can earn 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) and 2% cash back at U.S. gas stations and select U.S. department stores. All other purchases will get you 1% in cash back.

Another alternative is the Capital One Quicksilver Cash Rewards Credit Card, which earns you unlimited 1.5% cash back on every purchase and doesn’t have an annual fee. Plus, you only need to spend $500 in the first three months with the card to earn its $200 sign-up bonus.

There are quite a few other cards to look into. Shop around before you decide to take advantage of Apple’s offer. The limited-time offers alone shouldn’t tempt you into signing up for a card that doesn’t align with your spending.

See related: Apple card credit score requirements and reasons for denial

Final thoughts

If you’re an Apple enthusiast and have been looking into the Apple Card for some time, now might be a good time to apply. The new limited-time offers give you an opportunity to earn some extra cash back on Apple purchases – just in time for the holidays.

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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