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Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

With around a single American Express Serve Card to select from, you can choose which prepaid card works best for the needs of yours.

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

Prepaid cards provide users the potential to stick to a certain budget and, consequently, much more easily restrict their spending. They may work nicely for those who are on a budget, but they could in addition be a good option for teaching children about spending money.

Prepaid cards tend to be thought to be a less risky alternative compared to money because if you lose the card, several have security measures which protect your account against theft. In addition, for a modest fee, you are able to typically replace the card without stress.

American Express provides more than a single prepaid Serve card so owners can 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 choices in Amex’s prepaid flash memory card fleet (whereas the $6.95 rate for the basic Amex Serve card is waived when users direct deposit $500 or more during each monthly 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 two cards are similar, though the Cash Back provides incentives while the FREE Reloads flash card allows owners in more than 45,000 places in the U.S. as well as Puerto Rico put money onto the card for free.

How to add cash to your card Both cards extend free direct deposit of paychecks and/or government benefits, however, the FREE Reloads adds the comfort of letting users reload the card of theirs at no cost at participating locations including CVS, Dollar General as well as more.

With both cards, you can access a part of or perhaps most of your paycheck up to two days before payday when you enroll in direct deposit. Both cards also provide mobile check deposits.

Users are able to send money and receive money to other Serve users effortlessly through 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 even pay the bills of yours by writing a check on the web and American Express will mail it for you.

The money transfer option enables users to send anyone across the fifty states as well as Puerto Rico cash to be picked up via 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 money transfer up to fifty dolars
  • $8.99 for each 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 has an edge: in case you are searching for cash back rewards, the American Express Serve® Cash Back card is perfect for you. But if you handle a great deal of money and wish to make sure that you are able to very easily reload your card without needing 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 avoid paying out a monthly fee, you should check out the Bluebird by American Express flash card, which enables someone to receptive subaccounts and could be a good choice for families.

If perhaps you’re a regular Walmart shopper and want to bank on rewards higher than 1 % money in the past the Walmart MoneyCard might be a better match with 3 % money back on eligible Walmart.com along with in-app Walmart orders, two % cash back at Walmart fuel stations, and 1 % cash back from Walmart stores, a maximum of seventy five dolars per year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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