Apple Card has a nice cash back promotion of up to 5% for select users starting in November

Apple Card offers users a great incentive to make more purchases with their Apple Card this holiday shopping season. A new promotion is offered To select users immediately

The promotion allows you to earn up to 5% cash back on all your purchases during the promotion period. This is a big increase from the standard 1% cash back on non-Apple Pay purchases. However, you will have to spend a significant amount to reach the higher reward tier.

You’ll reportedly need to spend between $5,000 and $15,000 to unlock the Daily Cash Back promotion. Three percent of Daily Cash is unlocked at $5,000. Spending $10,000 unlocks four percent, and spending $15,000 unlocks five percent Daily Cash.

Note that the bonus is not retroactive, meaning it will only be applied to purchases made after each spending limit has been reached…

The promotion will begin on November 6, 2024 and run until April 30 next year. So, even if you don’t get the biggest promotion right away, you can still earn significant cashback rewards at the beginning of next year.

Bonus cash is valid for up to $50,000 in total purchases.

However, there is another important point that should be noted: not all Apple Card users can benefit from this right. Apple says the offer is valid for select Apple Card users who receive a notification about it in the Wallet app.

To make sure you don’t miss a promotional invitation, make sure your notifications are enabled in the Wallet app. You can do this from Settings, then Notifications, then Wallet. You can also check the offer when you go to your Apple Card, tap the three dots in the top right corner and open Rewards & Offers.

I like this incentive, but it seems like you have to spend quite a bit to benefit from it. Maybe you can take advantage of this offer if you’re planning to make large purchases this holiday season.