Apple’s latest Apple Card promotion offers new customers a 5% discount on certain Apple purchases. The discount is provided as a boost to the Daily Cash reward.
At the top of the Apple Card application page, a blurb tells users that they can “Save 5% on Apple products with a new Apple Card through January 31. Only at Apple. Exclusions and terms apply.*” As you can see, there is an asterisk at the end of the blurb, meaning there are some gotchas.
The terms and conditions at the bottom of the page state that the offer is ineligible for purchases such as monthly financing through Apple Card Monthly Installments, iPhone payments, the iPhone Upgrade Program, wireless carrier financing plans, Apple Media Services, and AppleCare+ monthly payments. Other typical Apple purchases, such as for hardware or accessories not on an installment plan, will be eligible.
Accounts opened before 12/26/21 or after 1/31/22 do not qualify. New Apple Card users added to an Apple Card Family account opened during offer period can earn 5% back on their own purchases. Not valid for existing Apple Card users who merge their Apple Card accounts to become Co-Owners.
The 5% discount saving is applied to the account as a Daily Cash award, which provides a percentage of purchases as a spendable allowance. Typically, Daily Cash is set at a maximum of 3% for Apple purchases and certain retailers, with 2% provided for using Apple Pay in stores and 1% for other physical card or online transactions.