Apple has launched a new promotion for its Apple Card, offering a tempting incentive for customers to sign up and purchase a pair of AirPods Pro 3. The promotion, announced by Bloomberg’s Mark Gurman, promises $250 cash back for new cardholders who buy the AirPods Pro 3, priced at $249. While this effectively makes the earbuds free, there are some important details to consider.

The $250 cash back is paid out in $25 installments over 10 months as a Daily Cash Bonus. To receive the bonus each month, cardholders must make 10 or more purchases with their Apple Card. The AirPods Pro 3 purchase does not count towards the required 10 purchases, and failing to meet the monthly threshold will result in the loss of the $25 bonus.

Furthermore, purchases made by Co-Owners or Participants in an Apple Card Family account do not count towards the monthly goal. Combined charges, such as multiple transactions batched into a single charge, are also considered a single purchase. Returns, especially of the AirPods Pro 3, can affect the Daily Cash balance if they drop the cardholder below the 10-purchase threshold.

Despite these restrictions, there are some silver linings to the promotion. Cardholders can still take advantage of other Apple Card bonuses and use Apple Card Monthly Installments to spread out the cost of the AirPods Pro 3. Additionally, trade-in value from old devices can be applied to reduce the purchase cost, and Apple Gift Cards or Account balances can be used to partially pay for the AirPods Pro 3.

To qualify for the promotion, customers must open a new Apple Card account and purchase the AirPods Pro 3 directly from Apple between specific dates. The offer is not valid for refurbished AirPods Pro 3 or purchases of other AirPods models. Only new Apple Card accounts are eligible for the promotion, and additional cardholders do not count towards the requirements.

In conclusion, while the Apple Card promotion offers a compelling incentive for customers to switch to the Apple Card, there are important details and restrictions to consider before taking advantage of the offer. By understanding the fine print and leveraging the available options, cardholders can make the most of this promotion and enjoy the benefits of owning the AirPods Pro 3.