If you’re an Apple Pay user, then you know that it’s the simplest and most secure way to make payments. But did you know that you can also get cashback on your transactions? It’s true! In this article, we’ll share everything you need to know about cashback on Apple Pay and how to take advantage of it.
We’ll also cover what’s cash back, how to earn it, and the different types of rewards available. So whether you’re a seasoned Apple Pay user or just starting out, keep reading to learn more!
What Is a Cashback and How Does It Work?
Cashback is a type of rebate that customers can earn when they make a purchase with a specific credit card or debit card.
The concept behind cashback is to encourage people to use a particular credit or debit card by offering them a percentage of their purchase price back in the form of cash.
For example, if you have a cashback card that offers 1% cashback, and you use it to purchase a $100 item, you would receive $1 back in the form of cash.
How Can You Earn Cash Back With Apple Pay?
You can earn cash back with Apple Pay by using your Apple Card with certain merchants. You can also get cashback by using Apple Pay with certain apps or by using Apple Pay to make purchases with certain retailers.
To see a list of merchants that offer cash back, go to the Apple Pay website and click on the “Cash Back” tab.
You can also get cashback by using Apple Pay with certain apps. To see a list of apps that offer cash back, go to the Apple Pay website and click on the “Apps” tab.
To see a list of retailers that offer cashback with Apple Pay, visit the Apple Pay website and click on the “Retailers” tab.
Make sure to take advantage of these offers when making purchases with your Apple Card or when using Apple Pay with certain apps or retailers.
Types of Rewards Available With Apple Pay Cash Back
There are three types of rewards available with Apple Pay Cash back:
1. Percentage-based Cashback:
You’ll receive a certain percentage of your purchase back in the form of cashback, depending on the merchant.
For example, you might get 3% cash back on gas purchases.
2. Flat-rate Cashback:
You’ll receive a set amount of cash back for each purchase, regardless of the merchant. For example, you might get $0.50 back for every purchase made.
3. Tier-based Cashback:
You’ll receive a certain percentage of cash back for each purchase, depending on how much you spend at a merchant. For example, you might get 3% cash back on the first $100 spent at a merchant, but 5% cash back on any purchases over $100.
You can use your Apple Pay Cash back at any time and for any purpose. There are no restrictions on how you use it, so you can use it to pay for anything you want.
There are also no expiration dates, so you can save up your cashback and use it when you need it.
To get started, you’ll need to set up Apple Pay Cash on your iPhone. Once you’ve done that, you can start earning cashback by using Apple Pay at participating merchants.
You can also use Apple Pay Cash to send and receive money from friends and family. And if you have an iPhone with a Face ID, you can use Apple Pay Cash without even having to open your Wallet app.
What Stores Allow Cash Back With Apple Pay?
There are many stores that allow cash back with Apple Pay. You can usually find a list of these stores by searching online or asking for customer service.
However, some of the most popular stores that allow cash back with Apple Pay include Walmart, Target, CVS, and 7-11.
Be sure to check with your favorite stores to see if they offer this service.
Tips for Getting the Most Out of Your Apple Pay Cashback Rewards
Here are 5 amazing tips that help you get the most out of your apple pay cash back rewards:
1. Pay Attention to Bonus Categories.
Apple Pay Cash back rewards credit cards often rotating bonus categories that offer 5% cash back on specific types of purchases. Pay attention to these bonus categories and make sure to use your card when shopping in order to maximize your cashback earnings.
2. Use Your Card for Everyday Purchases.
In addition to bonus categories, you can also earn Apple Pay Cash back rewards on everyday purchases. If you use your card for gas, groceries, and other everyday expenses, you can quickly rack up rewards.
3. Pay Your Balance in Full Each Month.
One of the best ways to maximize your Apple Pay Cash back rewards is by paying your credit card balance in full each month. This way, you won’t have to pay any interest on your purchases and you’ll be able to use your rewards right away.
4. Redeem Your Rewards for Cash Back.
When it comes time to redeem your Apple Pay Cash back rewards, you can typically do so for statement credits or cash back. If you choose to receive cash back, you’ll usually get a higher return on your investment.
5. Use Your Rewards to Save Money.
In addition to redeeming your Apple Pay Cash back rewards for cash back, you can also use them to save money. Many credit cards offer discounts and other benefits when you redeem your rewards for merchandise or travel. By using your rewards to save money, you can get even more value out of your Apple Pay Cash back rewards.
Faqs About Cashback and Apple Pay
What’s Cashback?
Cash back is a type of rebate that allows consumers to receive money back when they make certain purchases.
There are many different ways to earn cash back, but the most common method is through credit cards.
Some credit cards offer cash back rewards programs that give cardholders a certain percentage of cash back on every purchase they make.
What is Apple Pay?
Apple Pay is a mobile payment and digital wallet service by Apple Inc. that lets users make payments in person, in iOS apps, and on the web. It is supported on the iPhone, Apple Watch, iPad, and Mac.
Apple Pay does not require Apple Pay-specific contactless payment terminals; it works with existing point of sale (POS) terminals that accept contactless payments.
How Do I Get Cash Back With Apple Pay?
There are a few different ways to get cash back with Apple Pay.
Some credit cards offer cash back rewards programs that give cardholders a certain percentage of cash back on every purchase they make.
You can also use certain apps and websites to earn cash back on your purchases.
And finally, some retailers offer their own specific cash back programs when you use Apple Pay to make purchases.
How Do I Use Apple Pay?
Using Apple Pay is easy and secure. To pay in stores, just hold your iPhone near the contactless reader with your finger on Touch ID.
To pay in apps, select Apple Pay at checkout and place your finger on Touch ID. You can also use Apple Pay to make purchases on the web in Safari.
Is There a Limit to How Much Cash Back I Can Earn?
There is usually no limit to how much cash back you can earn, but there may be limits on how much you can earn per purchase or per day/week/month.
Check with your credit card issuer or the retailer’s cash back program for more information.
Does Apple Pay Charge Any Fees?
No, there are no fees associated with using Apple Pay. However, some credit cards may charge foreign transaction fees when you use Apple Pay overseas.
Check with your credit card issuer for more information.
Is Apple Pay Safe?
Yes, Apple Pay is a safe and secure way to pay. Your credit card information is encrypted and stored in a secure element on your device.
Additionally, you can use a Touch ID or a passcode to keep your information safe.
Conclusion
Apple Pay Cash back is a great way to earn rewards on your purchases. You can receive cashback in the form of statement credits or cash, and you can use your rewards for anything you want. In addition, many stores allow you to use Apple Pay Cash back with no restrictions.
To get started, simply set up Apple Pay Cash on your iPhone. Be sure to check out our tips for getting the most out of your rewards! Thanks for reading!
Do you have any tips for earning Apple Pay Cash back? Let us know in the comments below!
If you liked this article, be sure to check out our other blog post on cash back rewards credit cards! You can also find more articles like this one on our website. Thanks for reading!