Apple Card will now allow you to collect your Daily Cash in a new savings account. The company developed the feature together with its banking partner Goldman Sachs and said the new account will be “high yield” without disclosing actual interest rates.
The Daily Cash will automatically be deposited into the account. You can also deposit from your Apple Cash balance or an external linked bank account.
Apple card
Cupertino will also offer the transfer of funds to Apple Cash, the main spending account, without commissions.
Daily Cash, which is what Apple calls its refund policy, returns 1% on all purchases, 2% if they are made through Apple Pay, or 3% if money is spent on the Apple Store and some partners like Uber, Walgreens, T-Mobile and ExxonMobil.
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