How to Earn $200 Daily Cash Using Apple Card
You can easily earn daily cash rewards if you regularly use Apple Pay for your purchases. You can add users to your card as a joint owner or participant, and each person can earn their own rewards.
New joint owners can earn $100 daily cash when they spend at least $100 in the first 30 days after being added to your account. The joint owner can manage the account and is equally responsible for paying off the balance. Both owners can also build credit equally, making the Apple Card one of the true shared credit cards available. You should only make someone a joint owner if you trust their ability to manage the account responsibly, as your credit rating can be affected.
New participants can earn $25 daily cash when they spend $25 or more in the first 30 days after being added to your account. Each participant receives their own card, which joint owners can set and monitor spending limits. Participants can be anyone aged 13 or older, and anyone aged 18 or older can use the card to start building their credit history. It may make sense to add your children as participants, as you can use the card to help them learn smart spending habits.
You can add anyone in your Apple Family Sharing group as users – they don’t need to be actual family members. But there is a big requirement: all cardholders must have an Apple phone or device to access the card and its benefits.
How to Redeem Daily Cash from Apple
If you have set up Apple Cash on your iPhone, your daily cash balance is automatically added to your Apple Cash. You can use Apple Cash to make payments using the Wallet app.
If you have an Apple Card Savings account, you can receive your daily cash balance directly into your high-yield savings account, where it will start earning interest.
If you don’t have Apple Cash or an Apple Card Savings account, you can apply the daily cash as a balance on your Apple Card statement.
Other Things to Consider About the Apple Card
There are other benefits you can take advantage of using the Apple Card, but it also has downsides that could make the card less beneficial for you and your family:
Cash Back
The Apple Card offers the opportunity to earn 3% cash back at certain merchants and 2% on other purchases, and each user in your group can earn their own cash back. You will also receive the cash back you earn daily – most credit cards only pay out rewards on a monthly basis.
However, all purchases must be made using Apple Pay, which is currently accepted at about 85% of merchants. If you do not use Apple Pay, you will not earn any cash back. So, the credit card may not be the best choice for you and your family if you cannot use Apple Pay at the stores where you normally shop. You can apply for a Visa credit card instead.
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