The promo sees a 2 percent cash back increase over the standard 3 percent rate offered typically, with the offer valid for purchases made with Apple Card Monthly Installments or the iPhone Upgrade Program, wireless carrier financing plans, Apple services, and monthly AppleCare+ payments.
The promo is limited to new Apple Card users only.
This isn’t the first time that new Apple Card customers have received a special cash back reward over the holidays. In 2019, Apple offered new customers signing up for an Apple Card 6% Daily Cash back on qualifying purchases for a limited time, and last year new users received 5% Daily Cash on purchases made until the end of January this year.