Apple Card users will soon be able to have Daily Cash rewards automatically deposited into high-yield savings accounts from Goldman Sachs, Apple said Thursday. Show
The accounts won't have fees, minimum deposits or minimum balance requirements, Apple said. The company didn't disclose what interest rates it will offer, though the company said people can deposit additional funds into their savings accounts through a linked bank account or from their Apple Cash balance. "Savings enables Apple Card users to grow their Daily Cash rewards over time, while also saving for the future," Jennifer Bailey, Apple's vice president of Apple Pay and Apple Wallet, said in a press release. "Savings delivers even more value to users' favorite Apple Card benefit -- Daily Cash -- while offering another easy-to-use tool designed to help users lead healthier financial lives." The move marks Apple's latest effort to make its credit card, which it launched in 2019 through a partnership with Mastercard and Goldman Sachs, more appealing amid economic uncertainty. Though Apple isn't the first company to offer a branded credit card, it has sought to set itself apart by offering benefits such as tight integration with iPhones and their Apple Pay wireless payments service. It also promised 3% cash back on purchases through some retailers including Walgreens, Ace Hardware, T-Mobile and ExxonMobil, and up to 2% cash back on other purchases. Apple has expanded the card's benefits over the years, adding interest-free financing when people buy new devices through the company. Healthy finances.Family style.Share the benefits of Apple Card with anyone in your Family Sharing group — whether it’s a partner, a child, or someone else you trust.4 It’s a great way for everyone on the account to work toward healthy finances together. Add a Co-Owner5 to build credit as equals6 and manage the account together. You can also add kids and young adults as Participants.7 And if a Participant is over 18, they can have the option to start building their own credit history.8 Plus, everyone gets to enjoy their own unlimited Daily Cash back when they use Apple Card for their purchases.9 Learn how to add someone to your Apple Card Family
If you've set up Apple Cash and verified your identity, you can use Apple Cash to help make an immediate one-time payment to your Apple Card. If your Apple Cash balance is less than the amount of your payment, the
remaining balance will be taken from your nominated bank account.
If you no longer want to use your Apple Cash balance to pay off your Apple Card, simply switch off Apple Cash using the same toggle. Popular StoriesGurman: New M2 iPad Pro Models to Be Announced 'In a Matter of Days'Saturday October 15, 2022 10:44 am PDT by Sami Fathi Apple will announce new 11-inch and 12.9-inch iPad Pro models in "a matter of days," respected Bloomberg journalist Mark Gurman said today in his latest Power On newsletter. The new 11-inch and 12.9-inch models, codenamed J617 and J620, will be the first update to the higher-end iPad since April 2021, where both models gained the M1 chip and a new 12.-9-inch mini-LED display. For their... Gurman: Apple to Announce New iPad Pro With M2 Chip This TuesdayApple plans to announce new iPad Pro models with the M2 chip this Tuesday, October 18, according to Bloomberg's Mark Gurman. Gurman previously said updated 11-inch and 12.9-inch iPad Pro models would be announced "in a matter of days, and he has since narrowed down the timeframe to tomorrow. The announcement will likely occur in the form of an Apple Newsroom press release. Key new... Apple Announces New Apple TV 4K With A15 Bionic Chip and HDR10+ for $129Apple today announced an updated Apple TV 4K model with the A15 Bionic chip, support for HDR10+, and an updated Siri Remote, for a starting price of $129. The A15 Bionic chip gives the Apple TV 4K "faster performance and more fluid gameplay," according to Apple. The efficiency gains of the A15 allow the Apple TV to provide a thinner, lighter, fanless design for the first time, and it uses... Upcoming 11-Inch iPad Pro Rumored to Miss Out on Mini-LED DisplaySunday October 16, 2022 9:03 am PDT by Sami Fathi The upcoming 11-inch iPad Pro will feature the same LED Liquid Retina Display found in the current generation model and not the newer mini-LED display technology found in the larger 12.9-inch size, reliable display analyst Ross Young said today. Replying in a tweet, Young reaffirmed previous rumors that the upcoming 11-inch iPad Pro will not gain the newer mini-LED display technology,... Apple Store Down Ahead of Rumored New iPad Pro AnnouncementApple's online storefront has gone down ahead of the expected announcement of new iPad models via press release. Upon the online store going down, Apple CEO Tim Cook seemingly tweeted a teaser for a new product announcement with the hashtag "#TakeNote," which could allude to the Apple Pencil and the notetaking capabilities of the iPad: The possibilities are endless. #TakeNote pic.twitter.c ... Apple Unveils 10th-Gen iPad With Complete Redesign, 10.9-Inch Display, USB-C, and MoreApple today announced the 10th-generation iPad, featuring the A14 Bionic chip and a complete redesign with a range of color options. The 10th-generation iPad features an all-new design with flat sides and a larger, 10.9-inch Liquid Retina display like the iPad Air. The device now features a Touch ID side button and comes in Blue, Pink, Silver, and Yellow. The iPad gains the A14 Bionic... Apple Acknowledges 'SIM Not Supported' Bug Impacting iPhone 14 UsersMonday October 17, 2022 12:23 am PDT by Sami Fathi Apple has acknowledged yet another iOS 16 bug impacting customers of the iPhone 14, this time related to cellular data and SIM card support. In a memo seen by MacRumors, Apple acknowledges that some users of the iPhone 14, iPhone 14 Plus, iPhone 14 Pro, and iPhone 14 Pro Max may see a message that reads "SIM Not Supported" appear on their device. After displaying the pop-up message, the... Case for 10th-Generation iPad With Apple Pencil 2 Support Appears at TargetMonday October 17, 2022 10:07 am PDT by Joe Rossignol A third-party case for the rumored 10th-generation iPad appears to have hit the shelves early at a Target store in the United States. Twitter user @roeeban today shared photos of a folio for an unreleased 2022 version of the entry-level iPad. The folio is designed by popular accessory maker Speck, which has been making cases for Apple products for well over a decade and likely has sources... |
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