Many Apple users love using Apple Pay to make payments. Apple Pay is an easy way to make payments in stores or online. Since it is quick and secure, it’s a solid replacement for physical debit or credit cards. Simply use your iPhone, Apple Watch, or iPad to make payments instead of a card or cash.
Using Apple Pay isn’t only convenient, but financially beneficial. There are many ways you can get cashback with Apple Pay. In this article below, we’ll walk you through what you need to know about Apple Pay and how you can get cashback by using it for everyday purchases. We’ll also provide some tips to help you maximize your cashback payments.
How Does Apple Pay Work?
Apple Wallet is an iOS app that allows you to use your favorite Apple devices to pay for goods and services. When you set up your Apple Wallet, you’re able to attach your credit and debit card information, which will be used when you make payments.
To get started, sign up for an Apple Wallet account and log in. You’ll need to have your Apple login information saved and sign in whenever you want to make a payment. You can also set up Touch ID, allowing you to use your fingerprint to sign in.
When using Apple Pay, hover your phone over the credit card reader. If Apple Pay is enabled, you’ll be able to make your contactless payment.
Although Apple Wallet doesn’t put any limits on how much you can use this feature, some retailers may put spending limits on payments with Apple Pay. Keep in mind that your existing credit card limits also apply, unless you open up a new line of credit.
Is Apple Pay Safe?
Apple Pay uses kCommunication (NFC) technology. This allows your phone and the store’s card reader to communicate with each other. That way the store can get the information stored on your device in a safe and secure manner.
Many people worry about the security risks associated with online payment processing. Apple takes certain measures to ensure the safety of your information. The biggest measure is the use of tokens, where your information is given a random string of symbols to identify your payment information.
In token form, your information is useless to hackers because the letters and numbers are unrelated to the information on your card. Since the assigned symbols are random, your token cannot be “translated” by anyone.
What if I Lose My Apple Device?
If you lose your Apple device, Apple customer service can suspend your Apple Wallet account to minimize the risk of fraudulent charges on your credit and debit accounts. This way you won’t need to cancel your cards right away, buying you time to relocate your device.
In many ways, Apple Pay is safer than using a debit or credit card, due to it being extremely hard if not impossible to hack compared to traditional cards.
Where Can I Get Cash Back with Apple Pay?
Any place that allows cashback with Apple Pay will have the Apple Pay symbol above on their card machines. Feel free to check out our most up-to-date list of retailers that accept Apple Pay. Many of the places that accept Apple Pay will offer cash back, but it does vary from store to store even within the same chain.
The most reliable way to get cash back with Apple Pay is to rely on your own bank. Virtually every notable bank in the US has enrolled in the use of Apple Pay within their ATMs. However, this does not mean that you can just visit any bank’s ATM. The majority of banks require that you are a customer in order to access the Apple Pay feature on their ATMs.
How to Get Cashback with Apple Pay
There are several easy ways to get cashback rewards by using Apple Pay. The following are seven major ways you can get cashback when you use Apple Pay to make payments.
1. Apply for the Apple Card
The Apple Card is Apple’s credit offer for Apple Pay users. This card has a cashback program that allows you to send your cashback rewards directly to your bank account. Unlike other credit cards that have stricter limits on how cashback can be redeemed, this feature makes Apple Pay appealing to most users.
The Apple Card gives 3% back on all Apple purchases and 2% back on purchases from their list of select partners. All other purchases get 1% back.
Best of all, they don’t charge fees or penalties to use the Apple Card. However, all revolving credit card debt on the Apple Card will accumulate interest. This makes the Apple Card a worthy investment if you plan on using Apple Pay often.
While most retailers take Apple Pay, the Apple Card allows you to earn rewards even at locations that don’t have Apple Pay enabled. Just use your Apple Card like you would any other credit or debit card.
There is no cashback limit when you use the Apple Card. No matter how much you spend, you’ll get between 1% and 3% cashback, deposited directly into your bank account.
2. Take advantage of limited-time Apple Pay promotions
Sometimes Apple Pay has limited-time offers that provide you with discounts and cashback at certain locations. These promotions typically last a couple of weeks at a time. Information about them will be sent to your email through the Apple Pay newsletter.
Each promotion is different, but former promotions have included cashback from shopping at BJ’s, Crocs, 1-800-Flowers, and more. Some promotions give you a set dollar amount when you hit a spending goal and others provide a percentage as a cashback offer. Carefully read the details of each promotion to find out how to maximize your cashback benefits.
3. Use the Wells Fargo Active Cash Card
Since you can link any card to your Apple Wallet account, it’s best to find credit cards that offer the best cashback rewards. The Wells Fargo Active Cash Card provides 2% cashback on qualified purchases when you use their card with Apple Pay.
New cardholders get a $200 cashback reward when they spend $1000 during the first three months of using the card. With an introductory 0% APR for debt transfers, this is a good card for responsible credit card users. With no annual fee, it’s a great card to use with your Apple Pay account.
4. Sign up for the American Express Blue Cash Preferred Card
Unlike the Wells Fargo card, the American Express Blue Cash Preferred Card doesn’t offer additional cashback offers for Apple Pay users. However, it offers amazing cashback offers on certain purchases, surpassing the benefits of the Apple Pay Card.
This card gives users the opportunity to earn 6% cashback on supermarket and streaming service purchases (for the first $6000 spent each year). They also get 3% back for transportation and gas station purchases. All other purchases provide a 1% cashback offer.
New users can earn $300 in cashback after spending $3000 in the first six months. The $95 annual fee is waived for the first year, allowing users to try the card before spending money on the annual fee. All the extra cashback perks make it on the most desired credit cards for individuals interested in maximizing their cashback.
5. Try the Capital One Quicksilver Cash Rewards Card
This is another card that offers great cashback rewards. Like other cards, it can be linked to your Apple Pay account. This credit card offers an impressive $200 cashback after you spend at least $500 in the first three months.
This card offers 1.5% cashback on all your purchases. That’s higher than the 1% offered for the lowest-tier cashback on most other cards, making it a good choice for purchases that don’t qualify for higher rewards on other cards.
6. Watch for special offers from credit card companies
Sometimes Apple Pay works with certain credit card companies to offer extra rewards for card users who use Apple Pay. These rewards offer extra cashback incentives to use certain cards with Apple Pay, although most of these offers have a short offer duration.
Sign up for newsletters from your credit card companies to stay in the loop about special offers. Some companies offer a higher percentage of cashback when using Apple Pay during certain seasons. Other platforms may offer a flat dollar amount back after making purchases with their card through Apple Pay.
7. Sign up for the U.S. Bank Altitude Reserve Card
This card provides cashback for qualifying mobile wallet and travel purchases, including purchases through Apple Pay. Qualified purchases give you three times as many rewards, allowing you to make around 4.5% cashback.
Some retailers, like Costco, offer extra rewards for individuals who use their U.S. Bank Altitude Reserve Card with Apple Pay. Those rewards can stack up fast. Cardholders also enjoy benefits such as travel credits and other travel perks.
How to Maximize Your Cashback Rewards with Apple Pay
Stacking offers is the trick behind maximizing your benefits with Apple Pay. For example, take advantage of special cashback offers through Apple Pay and use the card that provides the best cashback bonus at that retailer.
Connect all your credit cards to your Apple Wallet, since this will allow you to switch between cards each time you purchase. If one card provides a 1% cashback benefit and another offers 3% at a particular retailer, select the credit card that gives you the best cashback bonus.
Apple Pay is an accepted form of payment at many retailers, making it easier than ever to use it wherever you make purchases. Since they keep all your credit card information in one place, you can sign up for more cards without worrying about how they’ll fit in your wallet.
Make sure you sign up for all the necessary newsletters, including newsletters for Apple Pay and each of your credit card service providers. These newsletters will give you information about promotional offers. Take advantage of these offers to maximize your cashback with Apple Pay.
Can I Get Cash Back at ATMs with Apple Pay?
You most definitely can go to a bank ATM to withdraw cash using Apple Pay. However, keep in mind that most banks require that you be an existing customer of theirs to use this feature on their ATMs. Also, not all ATM has tap as a feature, be sure to do your research to see which ATM allows you to tap.
Do most retailers take Apple Pay?
Although a large number of retailers take Apple Pay, some are still a little behind the times. Here is a comprehensive list of all retailers that take Apple Pay, the list is updated regularly.