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

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

Prepaid cards offer users the potential to stick to a specific budget as well as, as a result, more easily restrict their spending. They might work nicely for people on a budget, though they might additionally be a good option for teaching young children about spending money.

Prepaid cards are often considered a safer option compared to money because in case you get rid of the card, many have security measures that protect the account of yours against theft. In addition, for a small fee, you can typically replace the card without anxiety.

American Express provides more than a single prepaid Serve card so owners can chose the card that works ideal for them. The American Express Serve® Cash Back and the American Express Serve® FREE Reloads are the two monthly-fee options in Amex’s prepaid card fleet (whereas the $6.95 rate for the basic Amex Serve card is waived when users direct deposit $500 or higher during each monthly 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 2 cards are similar, however, the Cash Back offers rewards while the FREE Reloads flash card allows owners in over 45,000 locations in the U.S. and Puerto Rico put cash onto the card absolutely free.

How to increase cash to your card Both cards provide complimentary direct deposit of paychecks or government benefits, although the FREE Reloads adds the advantage of letting users reload their card for free at participating locations including CVS, Dollar General as well as more.

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

Users are able to send money and receive money to various other Serve users effortlessly with the mobile app.

Perks and rewards Through the site or the mobile app, you can make use of free bill pay to send money, 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 enables users to send anyone across the 50 states and Puerto Rico cash to be purchased from participating Walmart locations. The daily transfer limit is $2,500 across every one of your Serve accounts. According to FintechZoom Costs are as follows:

  • $4.99 for each money transfer up to $50
  • $8.99 for every 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 includes an edge: if you’re searching for cash back rewards, the American Express Serve® Cash Back flash card is ideal for you. But if you handle a lot of cash and wish to make sure that you are able to very easily reload the card of yours without having to pay any fees then the American Express Serve® FREE Reloads card is a bit better suited to the requirements of yours.

If you are planning to stay away from paying a monthly fee, you ought to take a look at the Bluebird by American Express card, which enables one to open subaccounts and also may be the best option for families.

If you’re a standard Walmart shopper and are looking to bank on rewards higher than one % cash before the Walmart MoneyCard might be a better fit with 3 % cash back on eligible Walmart.com along with in-app Walmart orders, 2 % cash back at Walmart energy stations, and one % cash back from Walmart stores, a maximum of $75 each year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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