If you are not a member of Cashrewards Max (currently offering 6%), this is a better deal than the current Cashrewards 5%. I always have a problem with Cashrewards Max, so to me this is a safer option anyway :)
Also running longer than Cashrewards promo https://www.ozbargain.com.au/node/686043
There is no mention of cap, so assuming this is no cap?
NOTES:
- Cashback Ineligible for AirTag Hermès, Apple AirTag, Bose products, iPad Pro M1, 8th Gen iPad, iMac 24” M1, Pro Display XDR, Gift Cards, Gift Wrap, iTunes, Shipping, Trade in parts, Apple Developer Programs, AppleCare products purchased individually.
- Cashback Ineligible for Newly announced products such as iPhone 13, iPhone 13 mini, iPhone 13 Pro, iPhone 13 Pro Max, iPad (9th Gen). iPad mini, Apple Watch Series 7, as of 16.9.2021
- Cashback is eligible on the purchase of Apple refurbished products.
⚠️⚠️⚠️- Cashback is calculated based on the Order Value, excluding any GST/Taxes, Delivery Fees, & any amount paid for with Gift Cards.
- Cashback will appear on User's ShopBack account between 2 - 7 days after the product has been Shipped.
TERMS & CONDITIONS:
- Accounts that engage in: fraudulent orders or activities to game/cheat the Cashback system will be banned and have their Cashback forfeited.
- Cashback only eligible to a customer for up to 5 units per eligible product, except iPhone, in which case only 2 units within a 30-day period are eligible.
- Purchases up to two iPhones in 30 days (30 days) and purchase up to 5 Apple Store products in addition to the iPhone.
- Cashback will only be tracked 2-3 days after delivery date / pickup date
- Apple sells and ships products to end user customers only; you may not purchase for resale.
FYI - Cashback is calculated based on the Order Value, excluding any GST/Taxes, Delivery Fees, & any amount paid for with Gift Cards.
So if you're paying using Apple gift cards, you're still better off with Cashrewards @ 5% cashback.