Apple Card users automatically earn Daily Cash on every purchase, but new signups can earn a $150 bonus for a limited time. Daily Cash is like many other cashback programs offered by credit cards — with a twist. Daily Cash deposits into an Apple Cash card each day, and that virtual card can be used anywhere Apple Pay is accepted. Many other credit cards require users to accrue a certain amount of rewards before they can be cashed in, but not Apple Card. Any amount of Daily Cash can be used, and new signups can get a $150 boost for a limited time.

The Apple Card offer was communicated directly to eligible people via email in late February, and the offer lasts through March 20. Unfortunately, the offer is only available to people who received the email directly. Users interested in the deal should check their 'Promotions' and 'Spam' tabs to see if an Apple Card email was sent to the wrong folder. For eligible customers, opening an account by March 20 starts the offer. Then, they'll have 90 days to spend $1,000. Once that threshold is met, users will receive the $150 Daily Cash bonus in their Apple Cash card automatically.

Related: Apple Cash vs. Apple Account Card: Which Is Better?

How The $150 Daily Cash Promotion Works

A titanium Apple Card surrounded by other Apple products.

Users that want to take advantage of the offer should click the link in their promotional email to apply for the Apple Card. Since the application process does not include a human review stage, users should hear back with a decision fairly quickly. After they're approved, the Apple Card can be added to their Apple Wallet instantly. A physical, titanium Apple Card can also be requested.

The offer requires users to spend $1,000 over their first three months, and this does not have to be spent in a single month. As long as their total Apple Card spending totals $1,000 over their first 90 days, the month-to-month breakdown doesn't matter. However, the offer does apply to a single user. Apple Card co-owners and Apple Card family participants cannot combine to receive the offer — a single account user must reach the threshold themselves. Additionally, Apple is only giving the $150 bonus to one person per account.

After the spending total is reached, the $150 will be loaded to the user's Apple Cash card. From there, it can be used anywhere Apple Pay is accepted, to send money to friends and family, or can be transferred to a bank. If a user doesn't have an Apple Cash card set up, the bonus can only be used to pay for an Apple Card statement balance. The Apple Card has a few nice perks, and users considering the credit card can take advantage of this bonus while it lasts.

More: What Is Apple Card's New Savings Account & How Does It Work?

Source: Apple