is it possible to use apple cash for a small loan say for instance if i have 30 buccs can i use that money to add 300 buccs? this is just an example can some please give me the step be step tutorial
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iPhone 15 Plus, iOS 18
Apple Cash is a prepaid debit card. Apple Cash is not an offer for credit or loan. You must load the card with cash, then you can spend the cash anywhere that accepts Visa cards and Apple Pay. Use of Apple Cash requires use of iPhone or Apple Watch. Apple Cash virtual card number (available in Apple Wallet app) can be used online at merchants that accept Visa cards.
Apple Cash is a prepaid debit card. Apple Cash is not an offer for credit or loan. You must load the card with cash, then you can spend the cash anywhere that accepts Visa cards and Apple Pay. Use of Apple Cash requires use of iPhone or Apple Watch. Apple Cash virtual card number (available in Apple Wallet app) can be used online at merchants that accept Visa cards.
I'm not sure if I understand the question. No bank will give you $300 in return for $30. Banks are in business to make money, not to give it away. If a bank loans you $300, they will want the full $300 back, plus interest.
According to Apple's FAQ ("How do I add money to my Apple Cash card?"), you can transfer funds to your Apple Cash account from a debit card in your Apple Wallet. (The balance may also increase if somebody sends money, and if you have an Apple credit card and have told Apple to deposit "cash back" amounts to Apple Cash.)
There is no mention of a loan option. It's an electronic funds transfer system, not a credit line. If you want to add $300 to your Apple Cash balance, you must provide the full $300.
Can I use Apple Cash for a small loan to add more funds?
