This article discloses how to get cashback from debit card without PIN (Personal Identification Number). Not many publications have touched this guide but here you have it.
Generally, you need a PIN to get cashback at a store or any cash machine. Cashback may also be applied on your purchases if you have no PIN but can prove ownership of the card.
A cashback on your debit card means that you will receive a percentage of what you spend. Unlike a cashback on a credit card, you spend directly from your bank account when using debit.
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Does cashback require PIN?
Table of Contents
Debit cashback typically requires a PIN but it is also possible to make purchases with your debit without a PIN. It is not always easy to use a debit card without the PIN though, especially when you are making withdrawals.
At some stores, typically smaller purchases below $25, may not require a PIN. However, you may be vulnerable to fraud if your debit card or even the number is stolen.
Read also: Technology makes it easier to cash a stolen check and not get caught!
How to get cashback from debit card without PIN
This section explains the available options you have to get cashback from debit card without PIN:
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Use your debit card as a credit card
You may have different options to use when making a purchase using your debit card depending on the store. Some stores will ask for your signature, restaurants for example, while others may have options for both credit and debit to process your purchase.
A merchant will require your PIN if you select ‘debit’. When you authenticate the purchase transactions with your PIN, funds are immediately removed from your bank account. Of course, you also have the cashback applied.
If you want to use your card as credit since you have no PIN, you have to sign the back of the card. Now, when the merchant requires the card to be used as a credit, they will compare your signature on the back of the card to your photo identification card.
Whenever you try to use your debit card without the PIN, the store or merchant may request authorization from your bank. If your bank approves the request, they will remove the hold on your debit card. This happens after your bank makes the authorized amount available from your account balance.
The hold typically remains on your account until your bank receives a final settlement request, for example, at Citizens Bank. This settles request is an instruction from the store for your bank to deduct the transaction amount on your final purchase, including the cashback.
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Contact your bank
If you do not have your debit card PIN, it is advisable to contact your bank. Visit your bank with your valid means of identification (driver’s license, national ID, etc.). Show the ID to the cashier and follow their instructions to reset your debit card PIN.
Your bank may offer alternatives to make debit card PIN changes from your phone. Get in touch with them online before you visit the branch closest to you.
Note that your bank will expect you to answer other security questions correctly so that they can verify that the account and debit card belong to you.
You may also receive a new PIN by mail or e-mail. Some banks may give you a temporary PIN for your debit card until your new PIN is ready. You may now visit any merchant to make purchases and get cashback.
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Certain businesses
Apart from going to your bank, you may be able to get cashback on your debit card via some businesses such as select liquor stores, casinos, strip clubs, and others.
However, you have to pay a hefty amount as a fee to these businesses. A casino, for instance, can charge up to $75 to $100 per $1000.
How does cashback work on a debit card?
Note that using a cashback debit card is different from getting cashback from a debit card transaction. Some banks offer debit card programs that will refund you a certain percentage of every purchase that you make.
Some merchants may choose to offer cashback on your debit card as an additional service. A merchant is aware that you may know about a possible cashback on your debit card, and perhaps, how to get the cashback, even without your PIN.
A cashback on a debit works by simply adding a certain amount to your total purchase price, then you are paid the difference in cash.
Your debit card is linked directly to your bank account, which means that the added amount (cashback) and the purchase price will be removed from your bank’s account balance. This is the reason cashback is typically not available on a credit card purchase because your credit card is tied to a line of credit and not an actual account with a balance like the debit card.
For instance, when you purchase $19.99 worth of items at a merchant store, you may request a $20 cashback. The merchant will pay you a total of $39.99 which is the item price ($19.99) + cashback value ($20).
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A merchant requires an electronic POS terminal for processing a debit card cashback transaction. If the purchase is made through a manual imprint machine, you will not get a cashback with your debit card. The merchant’s check-out device must also be encrypted and typically requires a PIN to processes the transaction. This is the reason it can be difficult to get a cashback on your debit card if you do not have your PIN.
FAQs
Can you get cashback with a debit card?
You can get a cashback with a debit card. A cashback is typically given on a debit card transaction and not the credit card. Nonetheless, Discover has an exception to this rule. Also, the merchant you transact with cannot process cash-back-only transactions, this means that the total purchase amount has to be higher than the cashback amount on the debit card.
Can I get cashback at Walmart without a PIN?
You may require a PIN to get a cashback on Walmart with your debit card. Ensure to discuss with the cashier any available offers at Walmart.
Here is a comprehensive guide for getting cashback at Walmart.
Final thoughts
As you can see, there is a limited option for getting a cashback on your debit card, this is because a PIN is always required to authenticate the transaction with your bank immediately.
Meanwhile, receiving cashback on your debit card is not exactly rewarding for you. The debit card issuer is somehow inflating the price of the purchased goods or services, after which they repay a part of the cost to you.
