Credit Cards

Where Can I Get Cashback With Apple Pay

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 7 minute read

When you use Apple Pay to make a purchase, you may earn additional rewards in a variety of ways. Using a credit card to earn cashback is a typical way to save money. 

Using Apple Pay on your iPhone to make your everyday transactions might earn you, even more, cashback.

Where Can I Get Cash Back With Apple Pay?

You can pay using a credit or debit card linked to your “mobile wallet” at participating terminals using your smartphone, wristwatch, or another device compatible with mobile wallets. Adding your bank information to the app will also make it easier for you to shop on apps like DoorDash or Amazon, too.

 And with these new possibilities, firms are starting to encourage these sorts of payments with extra incentives. You may want to put your credit card back in your wallet and use your Apple Wallet that is linked to your iPhone or Apple Watch to pay next time you’re shopping, which is always becoming easier with an ever rising increase in participating retailers that accept Apple Pay for purchases.

About Apple Pay

Apple Pay enables customers to make secure transactions in shops and applications as well as online. Apple Pay is a mobile wallet app that comes pre-installed on all current iPhone models and other Apple devices, making it an extremely convenient way to make purchases. You will also save time with Apple Pay at checkout since you won’t have to worry about cash or hunting in your wallet for the right credit card. This is an invaluable tool when it comes to budgeting.

Paying using your Apple device instead of a real card is becoming increasingly popular, thanks in part to a variety of incentives offered by credit card companies and reward schemes and the number of stores that accept mobile wallet apps as payment. It’s easy to use your phone when stopping for gas, shopping for food, and more.

With a linked debit card, you can even withdraw cash from your bank account with Apple Pay at most cardless ATMs.

Can you get cash back with Apple Pay

You can get cash back on many of your purchases using your Apple Pay account. When you use Apple Pay to make a payment with your iPhone or Apple Watch, you receive 2% Daily Cash Back.

In most cases, physical stores and online retailers will accept Apple Pay as a method of payment, and there are often different promotions available—either through the retailers themselves or through different credit card issuers—which will allow you to earn cashback on purchases you make using your credit card or debit card.

Since so many stores accept Apple wallet as a method of payment, earning cash back on purchases you were going to make anyway is a lot easier.

Moreover, some stores, such as Exxon, Uber, and Walgreens, not only accept Apple Pay, but also offer Daily Cash Back on their purchases.

Ways to get money back when you use Apple Pay

1. Apple Card

With the introduction of the Apple Card, Apple made a big impact on the credit card industry. Cashback from the Apple Card can be sent directly into your bank account thanks to its unique cashback program. Certain cashback credit cards have more restrictions on how you may redeem your rewards. Apple Card users will receive these rebates:

  • When paying with Apple Pay, you’ll get 3% back on all of your Apple purchases and 2% back on purchases from select partners.
  • 1% rebate on all other purchases

Since there are no costs, including late penalties, for using the Apple Card, it was a big hit when it launched. Revolving debt accumulates interest.

2. U.S. Bank Altitude Reserve

Due to its potential to earn meaningful points on every transaction, the Altitude Reserve Card from US Bank has become a staple in my credit card portfolio.

For qualifying travel and mobile wallet purchases — including Apple Pay — you will earn 3X the value of your U.S. Bank Altitude Reserve credit card when using it. When used to pay for travel expenses like hotel stays and plane tickets, these points are worth a fixed 1.5 cents each. As a result, you’re basically making 4.5 cents per dollar on all your purchases at this rate.

Costco offers Apple Pay and other mobile payment methods at their checkouts, making this card even more beneficial for Costco devotees. The U.S. Bank Altitude Reserve’s travel rewards are more valuable than the Costco Anywhere Visa Card when using Apple Pay, so you might quickly accumulate significant rewards.

Additional benefits include $325 in yearly travel credits, 12 free Gogo in-flight Wi-Fi passes each year, a $100 credit toward TSA PreCheck or Global Entry every four years, and access to Priority Pass airport lounges, among other things with the Altitude Reserve card.

3. Wells Fargo Active Cash

Another card that offers cashback on Apple Pay transactions is the Wells Fargo Active Cash Card. For qualified purchases, you may receive 2% cashback by using Apple Pay. This card is a wonderful credit card for those who want to earn rewards on Apple Pay transactions on a regular basis.

After you spend $1,000 in the first three months with Wells Fargo Active Cash, you’ll receive a $200 incentive. The introductory 0% APR on purchases (then 14.99 percent to 24.99 percent (variable)) and the introductory 0% APR on debt transfers (15-month) are both great ways to save money while using your credit card responsibly.

Visa Signature privileges and cell phone safety are also included. The Wells Fargo Active Cash Card has no annual fee, making it an excellent value.

4. Other Solid Credit Cards to Earn Cashback on Apple Pay

There are a number of other credit cards that you can use:

American Express® Blue Cash Preferred® Credit Card.

The American Express Blue Cash Preferred Card does not offer more cashback when used with Apple Pay, but it does provide the added security and convenience that only Apple Pay can provide. To get the most out of your cashback, keep it in your phone’s wallet.

At American supermarkets and streaming services, you’ll get 6% cashback (1X for the first $6,000 per year), while petrol stations, qualified transportation, and other purchases all give you 3%, while all other transactions give you 1%. Spending $3,000 in the first six months will get you a $300 statement credit. The annual fee for this card is $95 (waived for the first year).

The Blue Cash Preferred Card from American Express also comes with an introductory 0% APR on purchases for 12 months, followed by a variable APR range of 13.99% to 23.99 % for the balance transfer (variable). The Blue Cash Preferred Card from American Express is one of our top cashback credit cards because of all of its potential earnings and perks.

Capital One Quicksilver Cash Rewards Credit Card

The Capital One Quicksilver Cash Rewards Credit Card is an excellent choice if you want to earn rewards on Apple Pay without having to keep track of certain areas of expenditure. You may get a $200 cashback incentive after spending $500 in the first three months with this card, which gives you 1.5% cashback on all purchases.

There are several other benefits to the Quicksilver Cash Rewards Credit Card from Capital One. Travel accident insurance and a 15-month intro APR (14.99 to 24.99 percent (variable)) are included, as well as an extended warranty and no foreign transaction costs.

Even though you won’t get any additional rewards with Apple Pay as you would with a Blue Cash Preferred Card, the security and simplicity of not having to carry around cash are reasons enough to switch to Apple Pay.

5. Special Offers From Credit Card Issuers

Apple Pay and other mobile payment services can earn credit card issuers additional cashback or points on transactions from time to time.

The Chase Freedom Flex, for example, is well-known for its quarterly category rotation. In the past, the card had a category for earning up to 5% cashback on mobile payments. The Amex Gives platform from American Express occasionally offers bonus points for Apple Pay. It’s important to note that you must activate these deals before you can take advantage of them. American Express customers, for example, received an offer earlier this year to earn $2 in statement credit for every $5 spent with Apple Pay, up to a maximum of $10. 

Because Apple Pay is accepted at so many different stores, it’s easy to take advantage of these deals even if you don’t normally spend that much money. Be on the lookout for promotional offers from your credit card company if you’re interested in earning cashback with Apple Pay.

6. Limited Time Apple Pay Promotions From Apple

Additionally, communications from Apple may contain promotional offers for the use of Apple Pay. For instance, you can save money at a variety of stores, like 1-800-Flowers, BJ’s, Crocs, and Outdoor Voices right now. Currently. When you pay with Apple Pay at a participating store, you’ll receive savings ranging from a set dollar amount to a percentage off your final bill.

You should take advantage of these deals while you can, as they usually only endure for a few weeks. If you want to keep up with these deals, sign up for Apple Pay newsletters.

How to Maximize Your Return on Apple Pay With These Discounts

Combining several offers can maximize your cashback. One deal from 1-800-Flowers, for example, offers $15 off certain goods when you use Apple Pay. You can pay for your purchases using Apple Pay to receive the $15 discount and 1% cashback on your Apple Card.

If you want to save money, consider adding several credit cards to your Apple Pay account. Better still, you’ll be able to take advantage of special deals from a specific store more quickly since you’ll only have to bring up a compatible card on your screen before you pay.

With Apple Pay being so widely accepted, taking advantage of the latest cash-back incentives should be quite straightforward.

Frequently asked questions

How To Add Debit Card To Apple Pay?

In order to add a debit card to Apple Pay, you must first add the card to the Wallet app. To do this, open the Wallet app and tap the + sign in the upper-right corner. From there, you will be prompted to either use your camera to capture your card information or to manually enter it. After the card is added, you will need to verify it with your bank. Once the card is verified and added to your Apple Pay account, you will be able to use it to make purchases.

What ATM accepts Apple Pay?

There are many ATM machines that accept Apple Pay. Some of the most popular include the machines at Bank of America, Chase, Citibank, Wells Fargo, and PNC Bank.

How Do I Verify My Card For Apple Pay?

In order to verify your card for Apple Pay, you will need to open the Wallet app on your iPhone and select the card that you wish to verify. After selecting the card, you will need to tap on the Verify Card option. Once you have verified your card, you will be able to add it to your Apple Pay account and use it for payments.

Sources

[1] Apple Pay (Apple)

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