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Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

With more than a single American Express Serve Card to choose from, you can select which prepaid card works perfect for your requirements.

Here’s a description of the Cash Back along with Free Reloads cards.

Prepaid cards give users the potential to follow a certain budget and also, consequently, a lot more easily restrict the spending of theirs. They might work very well for individuals on a budget, although they could in addition be a good choice for teaching children about spending money.

Prepaid cards tend to be thought to be a less risky alternative compared to cash because if you get rid of the card, many have security measures which protect your account against theft. Additionally, for a fair fee, you are able to generally change the card without anxiety.

American Express offers greater than one prepaid Serve card so users can chose the card which works ideal 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 card fleet (whereas the $6.95 fee for the basic Amex Serve card is actually waived when users strong 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 actually identical, though the Cash Back provides incentives while the FREE Reloads card lets owners in over 45,000 locations in the U.S. and Puerto Rico put money onto the card free of charge.

The way to add money to your card Both cards extend complimentary direct deposit of paychecks and/or government benefits, however, the FREE Reloads gives the advantage of letting users reload the card of theirs at no cost at participating locations like CVS, Dollar General and other things.

With each cards, you are able to access a part of or even almost all of your paycheck up to 2 days before payday when you enroll within direct deposit. Both cards also provide mobile check deposits.

Users are able to send dollars and receive money to various other Serve owners easily with the mobile app.

rewards and Perks Through the website or maybe the movable app, you are able to use free bill pay to send cash, or perhaps pay your bills by composing a check on the web and American Express will mail it for your needs.

The cash transfer choice makes it possible for users to send anyone 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 each cash transfer up to $50
  • $8.99 for every money 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 comes with an edge: in case you’re looking for cash back rewards, the American Express Serve® Cash Back card is perfect for you. But if you handle a great deal of cash and would like to ensure that you are able to conveniently reload the card of yours without having to spend any charges subsequently the American Express Serve® FREE Reloads card is better suited to your needs.

In case you are planning to avoid spending a monthly fee, you should take a look at the Bluebird by American Express flash memory card, that allows you to receptive subaccounts and might be a good option for families.

If perhaps you are a standard Walmart shopper and would like to bank on rewards higher than 1 % cash back then the Walmart MoneyCard might be a better match with 3 % cash back on eligible Walmart.com and in-app Walmart purchases, two % cash back at Walmart energy stations, along with 1 % cash back from Walmart stores, a maximum of seventy five dolars every year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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