Apple Card Launches Limited Offer Of 5% Daily Cashback Upto $20k On Dining And Travel
Portfolio Pulse from Benzinga Neuro
Apple Inc. has launched a limited-time offer for Apple Card users, providing 5% Daily Cashback on dining and travel expenses until September 20. The offer applies to up to $20,000 spent on travel and up to $6,000 on dining. The cashback will be credited as Apple Cash or in Apple Savings, a high-yield savings account feature launched by Apple and Goldman Sachs Group Inc. in April 2023. This comes as Apple recently secured the top spot in J.D. Power’s annual U.S. Credit Card Satisfaction Study.
August 24, 2023 | 8:24 am
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POSITIVE IMPACT
Apple's new cashback offer could potentially increase usage of the Apple Card, leading to increased revenues.
The new cashback offer is likely to incentivize more spending by Apple Card users, potentially leading to increased revenues for Apple. Additionally, the positive recognition from J.D. Power’s annual U.S. Credit Card Satisfaction Study could further enhance the Apple Card's reputation and usage.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs, as a partner in the Apple Savings feature, could potentially benefit from increased deposits due to the new cashback offer.
As a partner in the Apple Savings feature, Goldman Sachs could potentially see an increase in deposits as a result of the new cashback offer. This could lead to increased revenues for the company.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50