Apple Card’s new savings account, known as Apple Cash, is designed to help customers save money on their purchases. However, it is important to note that any type of financial product, including savings accounts, can potentially lead to overspending if not used responsibly.

One way that the Apple Cash savings account could push you to overspend is by offering cashback rewards on purchases made with the Apple Card. The cashback rewards can be tempting and may encourage you to make more purchases than you otherwise would in order to earn more rewards. If you end up spending more than you can afford to pay off in full each month, you could end up carrying a balance and paying interest charges, which can negate the benefits of the rewards.

Another way that the Apple Cash savings account could lead to overspending is if you use it as a way to justify purchases you don’t really need. For example, you might think to yourself that you’re getting a great deal by earning cashback rewards, even if the purchase itself isn’t really necessary or is outside of your budget. This type of thinking can lead to impulse purchases and overspending.

Overall, the key to using the Apple Cash savings account (or any savings account) responsibly is to create a budget and stick to it. Make sure you’re only making purchases that you can afford to pay off in full each month, and use the cash back rewards as a bonus rather than a justification for overspending.