The best way for you to get cash back with your mobile payments app is to sign up for a prepaid account, which means you’ll have to pay off the balance each month.
This means you need to set aside some money to pay it off each month instead of just spending it.
If you’re using an app like Stripe, which allows you to use your smartphone’s Wi-Fi connection to make payments on a website or other device, then you should sign up with a prepaid card, which is a credit card.
If not, then look for a card that allows you or your friends to pay with your phone number or credit card number.
We’re talking about using an Android or iOS device to make mobile payments, like Paytm, to pay for your hotel room or for your meal.
But you can also sign up on an app that lets you make payments from your phone or tablet to your hotel or for any other purchase on the app.
How much should you spend each month on prepaid cards?
We recommend paying off your prepaid cards every month with $1,000 or less in cash back.
You’ll still need to pay some of the balance off each payment, but you won’t have to keep paying it off.
A prepaid card works great for: Travel to places that offer good deals on flights, hotels, or other items You buy items that are only available for a limited time or for a lower price than you’d pay for the same items elsewhere (like a gift card) You use an app to make purchases on your phone and pay for them at your destination (like Paytm) You book a restaurant, a concert, or a show online You pay for a parking ticket, rental car, or car rental through your mobile app or other payment method (like Stripe) We’re not talking about prepaid credit cards, but credit cards with a credit score of more than 8.0.
You can’t get credit cards that offer more than 10% interest per year, though.
For a more in-depth look at how to pay and earn cashback on mobile payments click here.