While many choose to frequent their local ATM for cashback and get charged if it isn’t your bank. Instead of having to pay this type of fee, consider getting cashback with a purchase. Many stores like CVS let their customers receive CVS cashback during their transactions.
When you need cash back, your first instinct may be to seek out the nearest ATM, but one within your bank’s network might be difficult to find. Luckily, many stores, including CVS, allow you to receive cash back on your transactions.
This means that you can enter an amount for more than your purchase total and the cashier will hand you cash for the overwritten amount. While most stores only do this for debit card transactions, some will do it for paper checks, or even with a credit card.
If there aren’t any ATMs that are in your bank’s network nearby, it’s more cost-effective to withdraw money at a store that is conveniently located like CVS.
Even if you don’t mind paying an ATM fee every now and then, if you plan to constantly withdraw cash, the fees will eventually add up.
With many states charging upwards of $5 for every withdrawal, it’s better to save yourself from having to pay these fees by choosing to get cash back with a transaction. At CVS, you’ll never be charged a fee for selecting to get cash back with your purchase.
Getting Cash Back at CVS with a Debit Card
According to customer service associates, CVS does allow you to get cash back on any purchase with a debit card. But be aware that CVS has a cash back limit of just $35. If you need more than that, you’ll have to make another transaction or visit a different store.
While you may be able to get cashback more than once, remember that receiving cash back counts toward your debit card’s daily purchase limit, so be careful not to go over your limit to avoid incurring any bank fees.
Be mindful of how much money you have available in your checking account. You’re receiving cash back with your debit card, so you can only take out what you have.
Getting Cash Back at CVS Using My Debit Card
Getting cashback at CVS while using your debit card is a pretty straightforward process. If you’re only making a purchase for the purpose of receiving cash back, try to look for a low-cost item or something that you need to buy anyway.
That way, you’re not wasting money. Of course, if you’re already shopping for other things at CVS, you can save yourself some time by getting cash back at the same time and saving it for when you might need it.
The process will look like this:
When it’s time to pay for your purchase, either the cashier will ask you if you would like cash back or the card reader will display the question.
Answer yes and choose how much cash you would like to receive. Remember that the CVS cash back limit is $35.
The amount of cash back you want will be added to the total of your transaction (i.e. you’ll be charged $26 for your $1 candy bar and $25 cash back).
You’ll be asked if the total is correct, so make sure that you get the amount of cash back that you need.
After the transaction goes through, you’ll receive your item and the amount of cash that you requested. Be sure to let the cashier know if there are any specific denominations you would like. As long as the register has the requested denominations available, you should be able to get your cash back in whatever type of bills you prefer.
Remember that you will be debited for the full amount of the transaction.
Can You Get Cash Back at CVS with a Credit Card?
No, CVS does not allow cash back when paying with a credit card, according to customer service representatives. It’s relatively rare to be able to get cash back with a credit card.
One of the only credit cards that allow customers to receive cash back is the Discover Card. When you pay with Discover Card, the cash back prompt will appear on the card swipe machine just as if you were paying with a debit card.
Note that Discover Card allows you to receive up to $120 cash back every 24 hours with no monthly limit. However, many stores impose their own cash back limit that is likely less than Discover’s maximum.
Can You Get Cash Back at CVS with a Check?
You can’t get cash back when paying with a check at CVS. This policy is in place as a way to prevent fraud, since processing paper checks take longer than electronic payments, which are processed almost immediately.
With the convenience of debit cards, most stores no longer accept paper checks as a form of payment. If a store does accept checks, you’ll have to ask the cashier if you can get cash back when paying with a check before you write down the amount.
Other Stores That Offer Cash Back
In addition to CVS, there are a number of stores that offer cash back. Grocery stores, drugstores, superstores like Walmart, and even the U.S. Post Office are places that typically offer cash back.
If the store does offer cash back on debit card or credit card transactions, then the method will be the same as CVS. If the store allows cash back with a check, you just need to add the desired amount of cash back to the amount of your purchase, then write your check for that amount.
Save money and skip the added ATM fee by visiting CVS to take advantage of the free cash back option. With just one transaction, you’ll be able to get the cash you need, free of charge.
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