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Kohl's has announced that customers can now pay for their purchases with Kohl’s Charge Cards or other credit or debit cards and simultaneously earn Yes2You Rewards loyalty points with a single tap using Apple Pay.
The combined functionality is currently available in approximately 250 Kohl’s stores in the United States, and the department store chain expects one-tap checkout to be available in all stores nationwide later this month.
Kohl's is the first retailer to offer a one-tap solution for payments and rewards using Apple Pay. Customers can simply add both their Kohl's Charge Card or other payment method and Yes2You Rewards card to Apple Pay and simultaneously pay and collect loyalty points upon checkout with one Touch ID tap for verification.
Kohl's has supported Apple Pay since June 2015, and last October it became the first retailer to allow store-branded cards to be used with the iPhone-based contactless payments service. JCPenney is also rolling out store card support.
Last week, Apple CEO Tim Cook said that Apple Pay is "growing at a tremendous rate," with transaction volume up five times compared to a year ago and the service gaining one million new users per week. Apple Pay is currently available in the U.S., U.K., Canada, Australia, China, and Singapore.
Cook noted that Apple Pay will launch in additional regions "soon," including Hong Kong and Spain through a partnership with American Express later this year. Visa and/or MasterCard support may also be coming soon in countries such as Brazil, Canada, Hong Kong, Japan, and Singapore.
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For instance, I'm closing on a much nicer and bigger new house next month with a great wooded view out the back, but drive a small base model sedan made in the late 90s (although to be fair I'll be replacing it with a nicer used Outback later this summer since we're having our second kid). I make my own sack lunches for work, but have an Apple Watch, iPhone 6s, iPad Air 2 and rMBP. I shop at Kohls and Gap for a lot of my clothes, and yet have thousands of dollars in high-end camera gear.
You see, I just don't care a lot about cars, or eating out, or wearing fancy clothes (which to me look mostly the same). I save my money and buy stuff with credit, which earns cash back rewards, and then I pay off my cards every month. And I'm certain there are far cheaper people than me who buy Apple Watches. The whole point of budgeting is to dial in your expenses so you spend less on things you don't care about, and save more for the stuff you really freaking want.