Can you get cash back with Apple Pay? – Yes, you can, but in some cases. If you own an iPhone, you must already know the simplicity and convenience of using Apple Pay. Whether you are buying something online or whether you are using your phone in a mode of public transport, Apple Pay lets you make your payment fast and easy so that you can make your payment on the go.
In this article, you will learn in general about how to make cashback with Apple Pay. Next up, you will also learn which places you can be able to get cashback with Apple Pay. We will also discuss the various ways through which you can get Apple Pay cashback. Finally, you will also learn how to use your Apple Card to get Apple Pay cashback. Hence, to learn more about the topic, read on through to the end of the article.
Where Can I Get Cash Back With Apple Pay?
According to the information by BankRate.com,
“The Apple Card comes with no annual fee, no foreign transaction fees and no late fees, as well as a generous rewards program that gives you up to 3 percent back for each purchase you make when you meet certain requirements.” The following are the major requirements of the cashback of 3%:
- You will get 3% back on every Apple purchase and some select merchants while using your Apple Card as you pay with your Apple Pay app. You can see the merchants list on the website.
- You will get 2% back on every purchase that you make with your Apple Card, with the help of Apple Pay.
- You will further get 1% back on other products and services.
You can get Apple Pay Cash Back at Registered places where they support Apple Pay. The following are the major circumstances under which you will get Apple Pay cashback:
1. There are many stores that accept Apple Pay payments, but there are some that do not accept them. You can find the one that accepts that has the Apple Pay logo near the payment counter. You can also get to a shop and ask personnel whether they accept Apple Pay or not.
2. When it is about online purchases, you can check on the website, in the payment gateway section, whether they have an Apple Pay option or not. However, most of the online websites, if it is a popular one, accept payments through Apple Pay.
You can also get Apple Pay cashback using a cashback card. According to GoBankingRates.com,
“The debit or credit card that you use with Apple Pay must offer cash-back rewards. The card will process an Apple Pay transaction as it would any other transaction, and the cash back will be credited in the same way it is when you use the physical card.”
However, here the amount of cashback that you will get depends a lot upon the type of debit or credit card that you are using. Just because you are using Apple Pay instead of a traditional card, it does not mean things change with the way in which a cashback is calculated.
Apple Pay Cashback – How To Get Cash Back With Apple Pay?
The Apple Card is featured inside Apple Pay. Apple introduced a system for customers to pay less and also to make things simpler for them. Apple Pay now comes with some top-grade technologies.
According to the official website of Apple,
“Advanced technologies like Face ID, Touch ID, and Apple Pay give you an enhanced level of privacy and security. And with every purchase you get Daily Cash back that you can spend or save. Apple Card.”
Basically, the Apple Card promises you the opportunity where you will be able to get cashback on every purchase you make. This includes any Apple purchase as well, all without paying any fees. However, you will need to understand that the cashback that you will earn through Apple Card is a bit different from what you get through a general credit card.
With the help of Apple Card, you will earn cash rewards on a daily basis, which you can collect each day, and can redeem later. You can redeem them alongside other funds that you have in your Apple Pay Cash account. You can understand how the program works once you sign up for the Apple Card.
There, you will get all the details regarding how the program works and the various ways of redeeming the funds that you have in your account.
How To Use The Apple Card?
The investment company named Goldman Sachs issues the Apple Card. This card was created to work along with Apple Pay. However, there are some situations where you are shopping with some other app or some other website, which Apple Pay does not accept. In such cases, you will get a virtual card number, which will operate in the Apple Wallet app.
According to GoBankingRates.com,
“If you have an Apple Card and you use that as your Apple Pay payment method, you can earn even more cash back. You’ll get 2% cash back on all purchases made with Apple Pay. You’ll also earn 3% cash back on Apple products and at specific merchants, including Uber, Walgreens and Nike in the U.S.”
Furthermore, if there is a merchant that does not accept Apple Pay, you can get up to 1% of cashback. This factor was already discussed previously.
On a side note, if you want to know about Apple Card pre-approval, click on the given link.
Final Thoughts
Can you get cash back with Apple Pay? – Hope this article was helpful for you in getting answers to this question. As you can see, earning cashback rewards on your debit and credit is a great way to earn some bucks on the go when you are purchasing something. So, make sure that you are using the right card with your Apple Pay. What is your own review regarding Apple Pay’s cashback system? Share your thoughts with us in the comments section below.
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