Can I Get Cash Back With Apple Pay? Yes. When you use Apple Pay, there are two kinds of cash back you can receive.
The first kind of cash back is the cash you receive at the checkout, which is drawn from your bank account.
The second kind of cashback is cash back rewards.
So the answer to, ”Can I get cash back with Apple Pay?” is yes, you can.
But whether you’ll be able to receive cash back at the checkout depends on the store policy.
And whether you can earn cash back rewards depends on the credit card you’re using with Apple Pay.
Let’s go over everything you need to know about getting cash back with Apple Pay.
Can You Get Cash Back With Apple Pay At The Checkout?
To get cash back at the checkout with Apple Pay, you need to have the right kind of card set up in your Apple Pay wallet.
Can you get cash back with Apple Pay on a credit card?
The only credit card that you’ll be able to use to get cash back at the checkout is the Discover credit card.
Can you get cash back with Apple Pay on a debit card?
Yes, the debit card issued by your bank will let you get cash back at the checkout with Apple Pay.
With debit cards, the cash back comes from your available bank balance, so you must have enough money in your account to cover your purchase and the cash back amount.
Should you have insufficient funds, the cashback transaction won’t go through.
If you spend $150 at the grocery store and want $150 cash back at the register, your available account balance needs to be at least $300 to prevent any overdraft charges.
The amount of cash back you can get at the checkout is set by the store. Some stores have very low cash back limits, while others allow a more generous amount.
If you want to get cash back with your Discover card, the cash back amount is limited in two ways. First, Discover has set a daily limit of $120 on cash back. Second, each store has its own cash back limits.
How To Get Cash Back With Apple Pay At the Checkout
Once you’ve got a cash back eligible card set up in your Apple Wallet, getting cash back at the checkout with Apple Pay is simple.
First, make sure you select the correct card in your Apple Wallet. If your default card isn’t a debit card or the Discover card, swipe until you find the right card.
Then you can either ask the cashier to add cash back to your purchase, or you can add cashback yourself at the payment terminal.
At the payment terminal, there are usually set amounts of cash back that you get, so select the amount that you want, then complete the transaction.
If you’re checking out a self-service checkout, choose “yes” when asked if you want cash back, then follow the prompts on the screen.
Where Can I Get Cash Back With Apple Pay?
Stores have varying cash back policies and some offer lower amounts than others.
We’ve rounded up some of the most popular grocery stores and found out how much cash back they offer.
Where Can You Get Cash Back With Apple Pay At Grocery Stores?
- Albertsons – $300
- Aldi – $100
- Food Lion – $200
- Giant Eagle – $30
- Hannaford – $100
- Jewel-Osco – $100
- Meijer – $50
- Publix -$ 100
- Safeway – $200
- Save Mart Supermarkets -$300
- Shoppers Food Warehouse – $300 at cash register $100 self checkout
- SuperValu – $200
- Target – $40
- Trader Joe’s – $50
- Vons – $200
- Wegmans – $60
- Whole Foods Market – $100
- Winn Dixie – $100
How To Get Cash Back Rewards With Apple Pay
Let’s talk about how you can get cash back rewards with Apple Pay.
Cash back rewards are incentives offered by various credit card companies to encourage you to use their credit card.
Some banks offer cash back rewards with their debit cards too, but these are more limited than the offers available with credit cards.
Every time you pay with a credit card or debit card, the merchant pays a fee to the card-issuing company. These fees are typically 1.5% to 3.5%.
Reward credit and debit cards give you some of that fee.
Credit card issuers also rely on the fact that the majority of their customers carry a balance that attracts interest. When a card issuer charges 18% interest, they can easily afford to throw their customers a few crumbs in the form of 2% cash back.
Savvy shoppers choose the best cash back reward credit card for their needs and make sure they clear the balance each month.
That way, they get cash back without any charges.
To make sure that you earn cash back with Apple Pay, set your best cash back credit or debit card as your default payment card.
But if you have a credit card that offers a higher cash back rate for travel purchases, you’ll want to make sure that you remember to select that card when you book tickets.
A good way to know which particular cash back card you should use for a purchase is to create a note on your phone which lists the card, the cash back rate, the spending limit the cash back applies to, and any purchase categories that earn higher cash back rates.
For example, Capital One SavorOne Cash Rewards Credit Card gives you 3% cash back at grocery stores, dining and entertainment, and on streaming services. Plus 5% cash back on hotels and car rentals. Everything else is just 1%.
Whereas Wells Fargo Active Cash gives you a flat 2% cash back on all purchases.
Chase Unlimited Freedom gives you 4.5% cash back on drugstore purchases and restaurant and takeout, and 3% on everything else, up to $20,000 per year.
And some other credit cards offer 5% cash back on purchases, up to $1500 or $2000.
By keeping a note of the cashback terms on your phone, you can quickly choose which card to use with Apple Pay to get maximum cash back when you make a purchase.
Earn Daily Apple Pay Cash Back With Apple Card
As well as being a major player in the digital wallet realm, Apple also offers a credit card in the form of an Apple Card.
Apple teamed up with Goldman Sachs for this unique cash back reward credit card.
Unlike other cash back reward cards, Apple Card gives you your cash back every day and you can spend it however you like with no restrictions.
Apple Card gives you 2% daily cash back on your purchases when you pay with your Apple Wallet on your iPhone.
At select merchants, the daily cash back amount is 3%.
Currently, you can get 3% cash back with Apple Pay and the Apple Card at the following merchant’s:
- Nike
- Ace Hardware
- Panera Bread
- Walgreens
- T-Mobile
- Exxon Mobil
There are no fees to pay with the Apple Card and applying for the card won’t affect your credit score.
You can use Apple Card with your Apple Wallet just like any other credit card, and they send you a physical card made of titanium to give you that special touch you’re accustomed to from Apple products.
Apple Card on your iPhone also has clever built-in budgeting to help you pay less interest.
While other credit cards just show your balance and tell you the minimum payment you need to make, Apple Card estimates the interest you’ll pay on your balance based on the payment amount you choose. This allows you to instantly see how much you can save by paying down more of your balance.
Current interest charges on the Apple Card are a competitive 11.24% to 22.24% based on your credit rating.
While the Apple Card cash back doesn’t go as high as some of the other credit cards on the market, its 2% standard cash back, budgeting features, and full integration with the Apple Wallet make it a solid choice for Apple Pay users.
Final Thoughts
Apple Pay is one of the most secure and convenient ways to pay for purchases in-store and online.
As long as you have a debit card or the Discover credit card linked to your Apple Wallet, you can get cash back with Apple Pay at the checkout in stores that offer a cashback facility.
Simply ask the cashier to add cash back to your transaction, or select the amount of cash back you want at the payment terminal.
To get reward cash back with Apple Pay, make sure you add your cash back credit cards to your Apple Wallet, and then remember to choose the best cash back card for the type of purchase you’re making.
If you want to make reward cash back with Apple Pay super simple, apply for the Apple Card credit card and get 2% – 3% cash back with Apple Pay when you use the card.
Read Also: Does Safeway Accept Apple Pay?
