Apple is partnering with Nike on a new Apple Card promo

Apple Card promo in a new partnership with Nike offers 6% cashback on Nike purchases and a $75 bonus for new Apple Card accounts.

The offer is available to both new and existing members and will run through the end of May. However, the 6% cashback offer is limited to a maximum spend of $500, equivalent to a total cashback of $30. After May, Nike purchases will qualify for the standard 3% Daily Cash rate.

The $75 cashback bonus is available to new Apple Card users who sign up before May 31 and spend $75 or more at US Nike retail stores, Nike.com, or Nike apps within 30 days of account creation. The bonus will be delivered to the user's Apple Cash account as a one-time Daily Cash bonus.

Meanwhile, Apple has also recently launched a high-yield savings account with a rate of 4.15%. In first 4 days it draws about  $1 billion in deposits, $400 million was deposited on the day of its launch. In just one week up to 240 thousand accounts were opened. Apple is developing the account with Goldman Sachs.