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Apple and Nike have teamed up to offer Apple Card users an exclusive deal that provides six percent Daily Cash back on purchases made through the end of May. This offer is double the typical three percent cash back that is available on Apple Card purchases, and it is available on up to $500 in goods.
To take advantage of the increased cash back, customers must make their purchases from the Nike website, U.S. Nike stores, or the Nike app using Apple Pay with their Apple Card. For example, a customer who spends $500 on Nike products with Apple Pay and the Apple Card will receive a total of $30 in cash back.
This deal is only available until the end of May and will revert to the standard three percent cash back rate after the first $500 in purchases. However, customers who open a new Apple Card account by May 31st and spend at least $75 on Nike within the first 30 days will be eligible for $75 cash back.
Apple has partnered with a variety of vendors to offer three percent Daily Cash back on Apple Pay purchases made with Apple Card. These vendors include Ace, T-Mobile, Uber Eats, Uber, Panera, Walgreens, Exxon Mobil, Nike, and Apple’s own retail stores. Standard Apple Pay purchases earn two percent cash back, while all other purchases earn one percent.
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Daily Cash can be used in several ways, including transferring it to a bank account, using it for Apple Cash purchases, or depositing it into the new Apple Card Savings account that was introduced in April.
Unfortunately, the Apple Card is still only available to customers in the United States. However, this exclusive partnership with Nike offers significant value for those who can take advantage of it.