CUPERTINO, Calif.— If banks and credit unions did not already fear Apple’s entry into the credit card space, they now have more to worry about, according to one new report.
The report said the tech giant is beefing up the appeal of its plastic in an attempt to attract more cardholders.
Apple Insider, noting the Apple Card has plenty of perks already, is reporting that for anyone who hasn't signed up for the credit card yet, Apple is looking to offer a hefty Daily Cash incentive to try and convince them.
The Card’s Offers
“Like most other credit cards, Apple's card offers a percentage back on purchases made,” Apple Insider reported. “Apple calls this Daily Cash, and the funds are automatically deposited into a couple of different locations, depending on your setup. Apple is hosting a limited-time promotion for new card customers, which sees their Daily Cash boosted to 10% for the first six months, up to $100.”
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