Apple Card: Panera Bread becomes the first restaurant to offer 3% cash back

Among the TV shows, magazines, and games services unveiled at Apple’s “Show time” event was a surprise entry into a category that couldn’t be further outside Apple’s wheelhouse: a credit card. Dubbed Apple Card, it’s not a traditional plastic credit card that gives you points on things you buy. Rather, it’s a whole new way to shop online and offline. Here’s everything you need to know about it.

Updated 08/03/20: Panera Bread has announced that it now offers 3% cash back with Apple Card purchases, either in-restaurant or online.

Apple finally launches a website for Apple Card management

Apple Card customers can head to and log in with their Apple ID to view their balance and terms, download past statements in PDF format, and change their payment schedule and associated bank accounts. Get the details.

New users get $50 in Apple Daily Cash when using the card to pay for an Apple service

Apple Card has a new promotion for new customers who get the card during July. Use the card to pay for an App Store purchase, rent a movie on Apple TV, or subscribe to an Apple service such as Apple Arcade or Apple Music, and you can get $50 in Daily Cash.

Daily Cash is a feature of Apple Card where you are given cash back on purchases you make using the card. If you buy something at Apple or several other outlets (including Uber, Nike, and Walgreens), you get three percent back in cash. Every time you use Apple Pay, you get two percent back at places where Apple Pay is accepted. You get one percent back on purchases where Apple Pay is not accepted.

This offer is good only for new approvals to the Apple Card during July.

July payments can be deferred

Holders of the Apple Card can defer their July payment. Apple and Goldman Sachs originally made the deferment offer for March payments and have continued the deferments each month since. This is in response to the “financial pressure from economic disruption caused by the Covid-19 pandemic,” according to Bloomberg. 

In an email to Apple Card holders, Apple said, “We understand that the Covid-19 situation poses unique challenges for everyone and some customers may have difficulty making their monthly payments.”