Here's how the Apple Card's 'Daily Cash' works. (via CNBCMakeIt)
Credit card rewards programs can be confusing. And, typically, you have to wait a full billing cycle to receive cash back, points or miles in your account. Apple is looking to change that with theCardholders earn Daily Cash at a rate of 3% cash back on goods or services purchased directly from Apple , 2% cash back on Apple Pay purchases and 1% cash back on all other purchases.
Daily Cash is deposited into your account every day — there's no need to wait until you receive your bill. You just have to wait for a transaction to post to your account before you earn cash back. This may take a few days, but it's substantially faster than other rewards cards., I discovered I'm already a fan of Daily Cash since I can redeem rewards much faster than any of my other eight credit cards.
When you open the Wallet app and select your Apple Card, you see a snapshot of your account. Your total balance, weekly activity, payments and latest transactions are displayed.If you click on one of the latest transactions, in this case my purchase at Posman Books, you see more detail on the purchase, which includes Daily Cash earnings:
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