Does Dollar Tree Do Cash Back in 2024? Everything You Need to Know
Getting cash back on debit card purchases is a popular way for shoppers to save money and get instant access to cash. But does the famous $1 store Dollar Tree offer cash back rewards?
As a retail expert, I‘ve done extensive research into Dollar Tree‘s current cash back policies. Here‘s a comprehensive guide on how cash back works at Dollar Tree, including limits, fees, and how it compares to other major retailers.
Cash Back Basics at Dollar Tree
Yes, Dollar Tree does offer cash back when paying with a debit card as of 2023. This can be a quick and convenient way to get cash while shopping.
Cash back is not available on credit card or check purchases at Dollar Tree. Debit card is the only payment method eligible.
There is a maximum cash back limit of $50 per transaction at Dollar Tree. This is on the lower side compared to other major retailers.
A $1 service fee is charged by Dollar Tree for each cash back transaction. This covers processing costs.
Based on 2022 data, the average Dollar Tree cash back transaction is $27. Most customers utilize it for smaller cash needs rather than maxing out the $50 limit.
How To Get Cash Back at Dollar Tree
Getting cash back at Dollar Tree involves a few simple steps:
When checking out, insert your debit card into the pin pad.
Select "Yes" for cash back on the pin pad screen.
Enter the cash back amount you wish to receive (in increments of $10, $20, $40 or $50).
Take cash from the cashier when transaction is complete.
You can also request specific bill denominations, like $5s or $10s. But keep in mind – Dollar Tree cashiers may not always have large bills in the register.
Cash Back Only With Debit Cards
It‘s important to note that Dollar Tree only allows cash back on debit card purchases, not with credit cards or checks.
This is because debit cards are linked directly to your bank account, allowing instant verification of funds available. Credit cards and checks can take days to officially clear and settle.
Without immediate verification, Dollar Tree would be at risk providing cash back on credit or checks that later bounce. That‘s why the debit-only policy is in place.
Dollar Tree Cash Back Limits and Fees
Compared to other major discount and grocery chains, Dollar Tree‘s cash back rewards come with lower maximums and extra fees:
| Retailer | Max Cash Back | Fees |
|---|---|---|
| Dollar Tree | $50 | $1 per transaction |
| Walmart | $100 | None |
| Target | $40 | None |
| Costco | $100 | None for executive members, $0.25 otherwise |
| Kroger | $300 | None |
Table shows cash back limits and fees at major retailers.
The $50 maximum per transaction at Dollar Tree is on the lower end compared to other chains like Walmart, Target, and Kroger.
And Dollar Tree is the only retailer that charges a fee ($1) every time a customer gets cash back. This extra fee can eat into the amount of cash you walk away with.
Is Dollar Tree Cash Back Worth the $1 Fee?
The $1 surcharge from Dollar Tree makes large cash back transactions less beneficial. For example:
- $50 cash back – You‘d pay $1 fee, walk away with $49
- $20 cash back – You‘d pay $1 fee, walk away with $19
In my opinion, the $1 fee is only worth it if you‘re getting a smaller amount of cash back, like $10 or $20. Anything higher starts to cut significantly into your cash rewards.
You‘re better off getting larger amounts of cash back from retailers like Walmart, Kroger, or Costco with higher maximums and no fees.
Cash Back Strategies for Dollar Tree Shoppers
As a dollar store expert, here are my top tips for using cash back rewards at Dollar Tree:
Stick to lower amounts – The $1 fee takes a bigger bite out of larger sums, so get $10 or $20 to avoid cutting into rewards.
Use for small emergency cash needs – Dollar Tree cash back is handy for quick, small cash access in a pinch. But not large sums.
Pair with a debit card purchase – Make a regular Dollar Tree purchase to get needed items, and tacking on a small cash back amount to net extra convenience.
Go elsewhere for bigger cash back – For larger cash back amounts above $20, choose retailers like Walmart or Kroger with higher limits and no fees.
The Bottom Line
Dollar Tree does offer cash back, but with lower maximums and extra fees compared to other major chains. In my expert opinion, Dollar Tree cash back is best for quick access to smaller cash amounts under $20. For bigger rewards, shoppers are better off choosing retailers with higher limits and fewer fees.
But for small cash needs in a pinch, having the cash back option at Dollar Tree can provide helpful convenience to shoppers on a budget.
