Apple Card is currently offering a promotion that allows existing users to add a co-owner to their account, rewarding them with $100 in Daily Cash after the co-owner spends $100 within the first 30 days. This limited-time offer is available until May 18th. Previously, sign-up promotions primarily targeted new customers, making this initiative a significant benefit for current Apple Card holders.
With the Apple Card Family feature, users can add co-owners who share the responsibility for the account, or participants who can make charges but do not share responsibility. After reaching the initial spending threshold with the new co-owner, account holders unlock an additional $100 in Bonus Daily Cash.
The Apple Card currently provides 3% cash back on purchases made at Apple and select partners, 2% for transactions using Apple Pay, and 1% on all other purchases made with the physical card. While the card is issued by Goldman Sachs, it will soon transition to being managed by JPMorgan Chase, with no major changes anticipated for users.