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Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

With over a single American Express Serve Card to select from, you are able to choose which prepaid card works ideal for the needs of yours.

Here is a breakdown of the Cash Back and Free Reloads cards.

Prepaid cards give users the potential to follow a specific budget as well as, therefore, much more easily limit their spending. They can work well for people on a budget, though they might also be a good option for teaching kids about spending money.

Prepaid cards are often thought to be a more secure alternative than money because if you lose the card, several have security measures that protect the account of yours against theft. Plus, for a modest fee, you can usually change the card with no anxiety.

American Express offers greater than a single prepaid Serve card so users are able to chose the card that works best for them. The American Express Serve® Cash Back and the American Express Serve® FREE Reloads are the 2 monthly fee options in Amex’s prepaid flash memory card fleet (whereas the $6.95 price for the fundamental Amex Serve card is actually waived when users direct deposit $500 or more during each month declaration period.)

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

Walmart MoneyCard - Amex Serve Cash Back vs. FREE Reloads
Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

 

The two cards are actually similar, though the Cash Back offers incentives while the FREE Reloads card allows owners in over 45,000 locations in the U.S. as well as Puerto Rico put money onto the card absolutely free.

The way to add money to your card Both cards extend free direct deposit of paychecks or government benefits, although the FREE Reloads adds the convenience of letting users reload their card for free at participating locations including CVS, Dollar General and more.

With each cards, you can access a part of or almost all of the paycheck of yours up to two days before payday once you enroll in direct deposit. Both cards moreover offer mobile check deposits.

Users are able to send money and receive money to various other Serve users without difficulty through the mobile app.

rewards and Perks Through the site or maybe the on the move app, you are able to make use of no cost bill pay to send money, or pay the bills of yours by writing a check on the web and American Express will mail it for you.

The money transfer option allows users to send everyone across the fifty states and Puerto Rico money to be picked up out of participating Walmart locations. The day transfer limit is $2,500 across all your Serve accounts. According to FintechZoom Costs are as follows:

  • $4.99 for every cash transfer up to $50
  • $8.99 for each cash transfer of $50.01-1dolar1 1,000
  • $16.99 for every money transfer of $1,000.01 1dolar1 2,500

Bottom line Each of those cards comes with an edge: in case you’re looking for cash back incentives, the American Express Serve® Cash Back card is for you. But if you handle a great deal of money and want to ensure that you are able to effortlessly reload your card without having to spend any fees subsequently the American Express Serve® FREE Reloads flash memory card is better suited to your requirements.

In case you’re trying to stay away from paying a monthly fee, you need to check out the Bluebird by American Express flash memory card, which enables someone to open subaccounts and also might be a good choice for families.

If perhaps you are a regular Walmart shopper and would like to bank on rewards higher than one % cash before the Walmart MoneyCard could be a better match with three % cash back on eligible Walmart.com along with in-app Walmart orders, two % cash back at Walmart energy stations, and 1 % cash back from Walmart stores, up to $75 per year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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