Apple Offering Apple Card Users Incentive For Electric Vehicle Charging: Here Are The Details
Portfolio Pulse from Chris Katje
Apple Inc. (AAPL) is offering a new incentive for Apple Card users, providing 10% cash back on electric vehicle charging and gas purchases. The promotion is valid until October 5, 2023, and is applicable for up to $6,000 worth of electric vehicle charging. After the promotion period, users can earn 3% cash back at Exxon or Mobil gas stations using Apple Pay. This comes amidst rumors of Goldman Sachs Group (GS), Apple's partner for the Apple Card, looking to exit the venture.
September 18, 2023 | 11:20 pm
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POSITIVE IMPACT
Apple's new incentive for Apple Card users could boost usage of the card and potentially increase customer loyalty.
The new incentive could attract more users to the Apple Card, especially those with electric vehicles. This could lead to increased usage of the card and potentially higher customer loyalty, which could positively impact Apple's revenues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Rumors of Goldman Sachs looking to exit the Apple Card venture could potentially impact the bank's relationship with Apple and its position in the credit card market.
If Goldman Sachs exits the Apple Card venture, it could potentially impact its relationship with Apple and its position in the credit card market. This could lead to a negative impact on the bank's revenues and reputation.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60