what is daily cash?
In the Wallet app, what is the Apple Cash or Daily Cash?
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Apple Cash and Daily Cash are 2 different things.
Apple Cash, is the account in Wallet where you can send or receive money through Apple Pay. Its stores the money you receive from Apple Pay, or any money you add to it from other sources, and can be used like a digital debit card in stores, apps and websites where Apple Pay is accepted.
See here: Add money to Apple Cash - Apple Support
Daily Cash, is what you get for using your Apple Card. You get a specific % of your expense with Apple card back as Daily Cash.
When you buy something with Apple Card,1
you get a percentage of your purchase back in Daily Cash. Not a month
from now, but every day. There’s no limit to how much Daily Cash you can
get. And it automatically goes into your Apple Cash account, so you can use it just like cash.2
Daily Cash is stored in the Apple Cash Card, and can be used as said for purchases, or even to pay your Apple Card's balance.
See here: Get unlimited Daily Cash with Apple Card - Apple Support