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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 are able to choose which prepaid card works best for your requirements.

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

Prepaid cards provide owners the capability to follow a certain budget and, therefore, a lot more easily restrict their spending. They can work well for people on a budget, but they might also be the best option for teaching young children about spending money.

Prepaid cards are usually considered a safer alternative compared to money because in case you lose the card, many have security measures which protect your account against theft. In addition, for a fair fee, you are able to usually replace the card with no anxiety.

American Express has greater than one prepaid Serve card so users can chose the card that actually works best for them. The American Express Serve® Cash Back and the American Express Serve® FREE Reloads are the two monthly fee choices in Amex’s prepaid card fleet (whereas the $6.95 fee for the fundamental 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 two cards are actually identical, however, 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 money onto the card free of charge.

The way to add money to your card Both cards extend free direct deposit of paychecks or government benefits, however, the FREE Reloads adds the comfort of letting users reload the card of theirs for free at participating locations like CVS, Dollar General and other things.

With each cards, you can access a part of or perhaps all of your paycheck up to 2 days before payday when you enroll in direct deposit. Both cards moreover offer mobile check deposits.

Users can send dollars and receive money to other Serve users effortlessly with the mobile app.

rewards and Perks Through the site or the on the move app, you are able to work with no cost bill pay to send cash, or perhaps pay the bills of yours by composing a check on the internet and American Express will mail it for your needs.

The money transfer option enables users to send just about anyone across the fifty states as well as Puerto Rico cash to be purchased from participating Walmart locations. The day transfer restrict is $2,500 across your Serve accounts. According to FintechZoom Fees are as follows:

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

Bottom line Each of these cards has an edge: if you are searching for money back rewards, the American Express Serve® Cash Back card is perfect for you. But in case you handle a lot of cash and wish to make sure that you can very easily reload your card without needing to spend any costs then the American Express Serve® FREE Reloads flash card is a bit better suited to the needs of yours.

If you are looking to avoid paying a monthly fee, you should have a look at the Bluebird by American Express flash card, which allows someone to amenable subaccounts and could be a good option for families.

If perhaps you’re a regular Walmart shopper and are looking to bank on rewards higher than one % money in the past the Walmart MoneyCard might be a better match with 3 % cash back on eligible Walmart.com and in-app Walmart orders, 2 % cash back at Walmart fuel stations, along with 1 % cash back at Walmart stores, a maximum of $75 per year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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