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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 can pick which prepaid card works best for your requirements.

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

Prepaid cards give users the potential to follow a certain budget and also, consequently, more easily restrict the spending of theirs. They can work well for people on a budget, however, they could additionally be a good option for teaching children about spending money.

Prepaid cards are usually regarded as a more secure option compared to cash because if you get rid of the card, many have security measures which protect your account against theft. In addition, for a modest fee, you are able to usually replace the card without stress.

American Express provides more than a single prepaid Serve card so users can chose the card which works perfect for them. The American Express Serve® Cash Back and the American Express Serve® FREE Reloads are the 2 monthly fee options within Amex’s prepaid flash card fleet (whereas the $6.95 price for the basic Amex Serve card is actually waived when users direct deposit $500 or more during each month statement 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 2 cards are actually identical, although the Cash Back provides incentives while the FREE Reloads card lets users in over 45,000 locations in the U.S. and also Puerto Rico put cash onto the card free of charge.

How you can add money to your card Both cards provide free direct deposit of paychecks and/or government benefits, although the FREE Reloads adds the convenience of letting users reload the card of theirs for free at participating locations including CVS, Dollar General as well as other things.

With both cards, you are able to access part of or perhaps most of the paycheck of yours up to two days before payday once you enroll in direct deposit. Both cards likewise provide mobile check deposits.

Users can send dollars and receive money to other Serve users without difficulty with the mobile app.

rewards and Perks Through the website or perhaps the mobile app, you are able to make use of free bill pay to send cash, or pay the bills of yours by composing a check online and American Express will mail it for you.

The cash transfer choice allows users to send anyone across the 50 states as well as Puerto Rico money to be bought from participating Walmart locations. The day transfer restrict is $2,500 across all your Serve accounts. According to FintechZoom Costs are as follows:

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

Bottom line Each of those cards includes an edge: if you’re looking for cash back incentives, the American Express Serve® Cash Back card is for you. But in case you handle a lot of money and want to make certain that you can simply reload the card of yours without needing to pay any charges then the American Express Serve® FREE Reloads flash card is better suited to your needs.

If you are planning to stay away from spending a monthly fee, you need to check out the Bluebird by American Express flash memory card, that allows you to amenable subaccounts and might be the best choice for families.

If you are a standard Walmart shopper and would like to bank on rewards higher than one % cash back then the Walmart MoneyCard may be a much better fit with 3 % money back on eligible Walmart.com and in app Walmart orders, 2 % cash back at Walmart energy stations, and 1 % cash back at Walmart stores, as big as $75 yearly.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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