Can you get cash back with Apple Pay?

The answer is yes, provided that the store you’re making a purchase from accepts Apple Pay, offers cash back, and you have a debit or credit card linked to your Apple Pay account.

As a user, you’ll be pleased to know that Apple Pay offers unlimited cash back, enabling you to earn between 2-3 percent back on your purchases.

This can be especially helpful if you’re seeking to save a little extra on your shopping expenses.

Can You Get Cash Back with Apple Pay?

Apple Pay

Yes, you can get cash back with Apple Pay under certain circumstances.

To do this, you need to ensure that:

  1. The store accepts Apple Pay as a form of payment.
  2. The card linked to your Apple Pay offers cash back.

Many stores now accept Apple Pay, making it easy for you to make purchases using this convenient payment method.

To get cash back, ensure that your linked debit or credit card offers cash-back rewards.

Apple Pay offers unlimited cash back, allowing you to earn between 2-3 percent on your purchases, depending on the store’s policies and your card’s cash-back features.

Another way to get cash back with Apple Pay is by using the Apple Card.

When you make purchases using the Apple Card, you can receive up to 3% back in Daily Cash.

This cash can be used however you like – it can be added to your Apple Cash card, deposited into a high-yield savings account, or even used to add funds to your Apple Cash balance.

To maximize your cash-back rewards, look for participating merchants that offer 3% Daily Cash when you use your Apple Card with Apple Pay.

You can find these merchants using the Wallet app on your iPhone:

  1. Open the Wallet app and tap Apple Card.
  2. Tap the More button, then tap Daily Cash.
  3. Scroll down to see Bonus Daily Cash Merchants.

Make sure to always check the store’s acceptance of Apple Pay and your linked card’s cash-back features before making a purchase to ensure you get the most out of your rewards.

How Apple Pay Works

Setting up Apple Pay

To set up Apple Pay on your iPhone, follow these simple steps:

  1. Open the Wallet app on your iPhone.
  2. Tap the “+” sign in the upper right corner.
  3. Follow the on-screen instructions to add a new credit or debit card.
  4. You may need to verify the card with your bank, which can typically be done through a text message, email, or phone call.
  5. Once verified, your card will be added to Apple Pay, and you can start making cashless transactions.

Making a Purchase

Using Apple Pay to make a purchase is simple and convenient. Here’s how you do it:

  • In-Store Payments:
  1. Look for the Apple Pay or contactless payment symbol at the store’s point of sale.
  2. Double-click the side button on your iPhone to bring up Apple Pay.
  3. Authenticate your purchase using Face ID, Touch ID, or your device passcode.
  4. Hold your iPhone close to the contactless reader, and wait for the payment to process.
  • Online and In-App Payments:
  1. When making a purchase online or in a supported app, look for the Apple Pay button during checkout.
  2. Tap the Apple Pay button and review your payment information.
  3. Authenticate your purchase using Face ID, Touch ID, or your device passcode.
  4. Your payment will be processed securely, and you should receive confirmation of your transaction.

Cash Back Options with Apple Pay

Apple Pay

Apple Card Daily Cash

One way to get cash back with Apple Pay is by using the Apple Card.

When you use the Apple Card with Apple Pay, you’ll receive 3% Daily Cash on all purchases made directly with Apple.

This includes Apple Stores, the App Store, and Apple services.

Additionally, you’ll earn 2% Daily Cash on all other purchases made using Apple Pay.

The cash back earned, referred to as Daily Cash, can be easily redeemed and used on various transactions like paying off your Apple Card balance, sending cash to friends and family through iMessage, or even making purchases through Apple Pay.

To view and manage your Daily Cash rewards, simply follow these steps:

  1. Open the Wallet app on your iPhone.
  2. Tap Apple Card.
  3. Tap the More button.
  4. Then tap Daily Cash.
  5. Scroll down to see Bonus Daily Cash Merchants, and tap See Details for the full list.

Apple Pay Rewards Programs

Another way to earn cash back with Apple Pay is by linking your debit or credit card to a rewards program that offers cash back.

Many banks and credit card companies offer rewards programs with cash back for using Apple Pay.

These rewards programs will vary depending on the financial institution, so it’s essential to read your account’s terms and conditions or contact your bank for specific details.

Be sure to check if your bank or credit card issuer has a partnership with specific retailers to get additional cash back when using Apple Pay.

Keep an eye on their promotions as they may change from time to time, opening up more opportunities for you to earn cash back.

Limitations and Alternatives

Retailer Policies

One limitation to getting cash back with Apple Pay is the reliance on retailer policies.

Not all businesses accept Apple Pay or offer cash back options.

Before using Apple Pay to receive cash back, you should verify if the store you are transacting with meets these requirements:

  • Accepts Apple Pay as a payment method
  • Offers cash back with transactions

Alternative Mobile Payment Methods

If you find yourself unable to get cash back with Apple Pay or prefer a different option, there are alternative mobile payment methods you can explore.

Some of these include:

  • Google Pay: Similar to Apple Pay, Google Pay is a widely accepted contactless payment method that allows you to link your credit or debit cards for seamless transactions. Cash back options may also be available depending on the retailer and your linked card.

  • Samsung Pay: Exclusive to Samsung devices, this mobile payment option offers a convenient and secure way of making payments. Like Apple Pay and Google Pay, whether you can get cash back depends on the retailer and your linked card.

  • Cashback credit cards: Some credit cards offer cash back as a reward for your purchases. This may be a more flexible option for earning cash back regardless of the payment method used. Before opting for a cashback credit card, ensure you are aware of the annual fees, interest rates, and terms associated with the card.

Key Takeaways

Yes, you can get cash back with Apple Pay, provided that the store accepts Apple Pay, offers cash back, and you have a debit or credit card linked to your Apple Pay account.

Many stores now accept Apple Pay as a form of payment, making it easier for you to earn cash back on your purchases.

Additionally, Apple Cash is a digital card that lives in your Wallet app. It stores cash you receive or want to send.

You can use Apple Cash to send money to friends or pay for purchases in stores, apps, and online with Apple Pay.

If you have the Apple credit card, you automatically get a percentage of your purchases back as Daily Cash, which is Apple’s term for cash back.

Apple Card offers 2% Daily Cash when you use the card with Apple Pay and 3% Daily Cash on all purchases made directly with Apple, including at Apple Stores, in the App Store, and for Apple services.

To maximize your cash back with Apple Pay:

  • Make sure the store you’re shopping at accepts Apple Pay and offers cash back.
  • Link a debit or credit card to your Apple Pay account that offers cash back rewards.
  • Use the Apple Card for purchases to automatically earn Daily Cash.
  • Take advantage of Apple Cash in your Wallet app for sending and receiving money.

To sum it up, using Apple Pay for cash back is possible and quite convenient as more and more businesses accept this form of payment.

So, keep an eye out for cash back opportunities and make the most of your Apple Pay experience.