This month, Apple and Nike are joining forces to offer Apple Card holders a boosted 6% Daily Cash back on their purchases, a notable increase from the usual 3% cash back. This promotional offer is valid until the end of May, permitting customers to earn the increased cash back on up to $500 worth of purchases.
This enhanced cashback can be taken advantage of when using the Apple Card for purchasing goods from the Nike website or physical Nike stores within the United States, or via the Nike app, with Apple Pay being a prerequisite. A Nike shopper who spends $500 via Apple Pay and the Apple Card will receive a total of $30 back. Beyond this, the Daily Cash back amount reverts to the standard 3%.
Additionally, new customers who register for an Apple Card by May 31 and spend a minimum of $75 at Nike within the first month of card ownership stand to receive a cash-back bonus of $75.
Apple collaborates with a range of vendors to provide 3% Daily Cash back on Apple Pay transactions made with the Apple Card. Vendors offering this additional cash back encompass Ace, T-Mobile, Nike, Uber Eats, Uber, Panera, Walgreens, and Exxon Mobil, as well as Apple’s own retail outlets. Standard Apple Pay transactions earn 2% cash back, while all other purchases accrue 1%.
Daily Cash can be transferred to a banking account, utilized for Apple Cash purchases, or deposited into the newly introduced Apple Card Savings account, launched in April.
Currently, the Apple Card is exclusively available to customers residing in the United States.