Can You Get Cash Back with Apple Pay?

If you're wondering if you can get cash back with Apple Pay, the answer is yes, but with some limitations. Apple Pay offers cash back rewards on certain purchases made with participating banks and credit cards.

To get cash back with Apple Pay, you'll need to use a credit or debit card that offers rewards, such as the Apple Card, which offers 3% cash back on purchases made with Apple devices or services. Many other cards also offer rewards, but the terms and conditions vary.

Some cards, like the Chase Freedom Unlimited, offer 3% cash back on all purchases in your first year up to $20,000 spent, and 1.5% cash back on all other purchases. However, not all purchases qualify for cash back, and rewards may have restrictions or expiration dates.

Apple Pay is a convenient way to make payments, but it's not designed to dispense cash.

The service uses Near Field Communication (NFC) technology to communicate with payment terminals.

To use Apple Pay, you need to have an iPhone 6 or later, an Apple Watch, or an iPad Pro, and you must add a credit or debit card to the Wallet app.

Your card information is stored securely on the device, and when you make a purchase, the terminal reads the card information from your device.

You can also use Apple Pay to make purchases online and in apps, as long as the merchant supports it.

Some merchants may offer cash back with Apple Pay, but it's not a standard feature.

The Apple Card offers a range of benefits and rewards that make it a compelling option for those who use Apple Pay. You can earn Daily Cash rewards on every purchase, which can be used immediately to make purchases, send money to friends, or pay down your credit card balance.

The Daily Cash rewards are automatically added to your Apple Cash account or Apple Savings account, where you can use them to make purchases or grow your savings. You can also use your Daily Cash rewards to pay off your credit card balance, giving you a bit of a head start on paying down your debt.

Here are some ways you can redeem your Apple Card cash back rewards:

One of the unique features of the Apple Card is its tiered rewards program, which offers up to 3% back for some purchases. For example, you'll earn 3% Daily Cash back on purchases made directly with Apple, including at Apple Stores, on the App Store, and other Apple-owned properties. You'll also earn 3% Daily Cash back on purchases made at select merchants, such as Exxon, T-Mobile, Nike, and Uber.

The Apple Card's cash back program distributes rewards on a daily basis, so you'll receive the cash back for each purchase the same day it processes. There's no limit to the amount of cash back you can earn, making it a great option for frequent Apple Pay users.

Here's a breakdown of the Apple Card's rewards structure:

You can use Apple Pay to make purchases in-store, online, and in-app. Apple Pay is a convenient way to pay with just a tap of your iPhone or Apple Watch.

To use Apple Pay, you need a compatible iPhone or Apple Watch, and you must have a supported credit or debit card added to the Wallet app. This includes cards from major banks and credit unions.

Apple Pay uses a unique device account number (DAN) to process transactions, which is a randomly generated number that replaces your actual card number. This adds an extra layer of security to your transactions.

You can add your credit or debit card to Apple Pay by taking a photo of the card or manually entering the card information in the Wallet app. Apple Pay also supports loyalty cards, rewards cards, and other types of cards.

To make a purchase with Apple Pay, simply hold your iPhone or Apple Watch near the payment terminal, and authenticate the transaction with Touch ID, Face ID, or your passcode. Apple Pay also supports Apple Card, a credit card designed specifically for Apple Pay users.

Apple Pay transactions are protected by a zero-liability policy, which means you won't be held responsible for unauthorized transactions.

To maximize your cash back with Apple Pay, you need to select the best credit cards and shop strategically. Ask the cashier before starting a transaction to ensure the terminal is set up for cashback.

Check your balance before requesting cashback to make sure you have enough money in your account to cover the purchase and the cashback amount.

To earn the most cash back, use cards offering higher cash back on groceries, restaurants, and retailers that have special offers when using Apple Pay. For example, use cards that reward you with extra cash back on grocery store purchases.

If dining out, select a card that rewards you with extra cash back on restaurant purchases. Keep an eye out for retailers that have special offers when you use Apple Pay.

Here are some merchants that offer 3% Daily Cash back using Apple Card with Apple Pay:

You can use your Daily Cash in one of several ways: deposit it to an Apple Savings account, deposit it to an Apple Cash card, or redeem it as a statement credit toward the balance on the Apple Card.

You can redeem Apple Card's Daily Cash rewards for a variety of purposes.

You can use your Daily Cash rewards to buy items via Apple Pay, which is accepted almost everywhere.

Sending money to friends is another option for using your Daily Cash rewards.

You can also pay down your credit card balance with your cash back rewards.

Growth is another option for your cash back rewards, allowing you to grow your savings in a high-yield Apple Savings account.

Here are the ways you can use your Daily Cash rewards:

You can also use your cash back rewards to make purchases in various Apple services, including iTunes, Apple Music, the App Store, iCloud, and Apple News+.

If you can't get cashback with Apple Pay, you have other options.

You can use an ATM, which is the most common way to get cash. Some banks will give you cash back if you show them your debit card.

If you're looking for alternative ways to earn rewards on your purchases, you can consider using a cashback app. These apps offer cashback on purchases made at certain stores, but be aware that they may have limited availability and requirements.

Here are some alternatives to cashback with Apple Pay:

Some stores may offer cashback with Apple Pay, but it depends on the store. For example, some retail stores and grocery stores may allow cashback with Apple Pay, but others may not. It's best to check with the store directly to see if they offer cashback.

Grocery stores, pharmacies, and some retail chains allow cash back transactions when using Apple Pay. You can check with individual stores to confirm their policies, as they may differ.

Many stores that accept Apple Pay also offer cash back during transactions. It's best to check with individual stores, as policies might differ.

Convenience stores like 7-11 that accept Apple Pay and offer cash back on transactions typically extend this service to Apple Pay users as well.

If you can't get cashback with Apple Pay, there are other options to consider. You can use an ATM to get cash, which is the most common way to do so.

Some banks will give you cash back if you show them your debit card, making it a convenient alternative. However, not all banks offer this service, so it's essential to check with your bank before making a purchase.

You can also use a cashback app to earn rewards on your purchases. These apps are available for various stores, but they might require a minimum purchase to qualify for the cashback.

Here are some options to consider:

Remember to always check the specific store or bank's policies before making a purchase to ensure you can get cashback or use alternative options.

The Apple Card's cash back program has its advantages and disadvantages. Here are some key points to consider:

The Apple Card offers generous benefits and rewards, but it's not for everyone. You need to be an Apple customer to get the most out of this cash back credit card.

You'll need to add your Apple Card to an eligible iPhone or iPad to access and use all of Apple Card's features. This means you'll need the latest version of iOS or iPadOS.

One major con is that you must use Apple Pay for the best rewards rates to apply. This can be a limitation if you prefer to use other payment methods.

You also can't redeem your rewards directly for options like gift cards or travel. This might be a drawback for some users.

Rewards mix with your Apple Cash balance, which may not be ideal if you're saving cash back for a specific redemption. This could lead to confusion or unintended uses of your rewards.

Here are some of the Apple Card's cons in a quick list:

You can earn cash back on purchases made with Apple Pay, which is a great perk of using the service. The rewards are called Daily Cash, and they're awarded on a daily basis.

There are several merchants that offer 3% Daily Cash back when you use Apple Card with Apple Pay, including Ace Hardware, Duane Reade, Nike, and Uber. You can find the full list of merchants on Apple's website.

To receive Daily Cash, you'll need to have the Apple Card added to your Wallet app, and then use it to make a purchase with Apple Pay. The Daily Cash will be automatically added to your Apple Cash account or Apple Savings account, depending on your preference. You can then use the Daily Cash to make purchases, send money to friends, or transfer it to your bank account.

Here are some merchants that offer 3% Daily Cash back when you use Apple Card with Apple Pay:

The Apple Card offers several specific benefits that make it a great option for cash back enthusiasts. One of its standout features is the Daily Cash rewards program, which earns you 3% cash back on purchases made directly with Apple, including at Apple Stores, on the App Store, and at select merchants like Exxon, T-Mobile, and Nike.

You can earn up to 3% Daily Cash back on purchases made with the Apple Card and Apple Pay at participating merchants, including Ace Hardware, Duane Reade, and Walgreens. The rewards are credited to your Apple Cash account or Apple Savings account every day.

To maximize your rewards, it's essential to use Apple Pay for transactions whenever possible, as this earns you 2% Daily Cash back on all purchases made with Apple Pay. You can also earn 1% Daily Cash back on all other purchases made with the physical Apple Card.

Here are some participating merchants that offer 3% Daily Cash back using Apple Card with Apple Pay:

By taking advantage of these benefits and participating merchants, you can earn significant cash back rewards and make the most of your Apple Card.

You can withdraw cash from an ATM using Apple Pay, but you'll need to find an ATM with a contactless symbol.

These ATMs will allow you to bring your iPhone or Apple Watch near the contactless reader, authenticate with Face ID, Touch ID, or your passcode, and follow the prompts to withdraw cash.

Some retailers, like Walmart and Target, may have specific policies regarding cash back with Apple Pay.