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Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

With over one American Express Serve Card to choose from, you are able to select 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 capability to stick to a certain budget as well as, consequently, much more easily limit the spending of theirs. They might work nicely for people on a budget, although they can in addition be the best option for teaching young children about spending money.

Prepaid cards tend to be regarded as a more secure option than cash because if you drop the card, many have security measures that protect the account of yours against theft. Additionally, for a small fee, you are able to usually change the card with no anxiety.

American Express provides more than one prepaid Serve card so owners are able to chose the card which works ideal 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 price for the basic Amex Serve card is waived when users strong deposit $500 or higher 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 2 cards are identical, but the Cash Back offers rewards while the FREE Reloads flash card allows owners in over 45,000 places in the U.S. and also Puerto Rico put money upon the card at no cost.

How to increase money to your card Both cards offer complimentary direct deposit of paychecks or government benefits, however, the FREE Reloads adds the comfort of letting users reload their card for free at participating locations including CVS, Dollar General and more.

With both cards, you are able to access part of or perhaps almost all of your paycheck up to 2 days before payday once you enroll inside direct deposit. Both cards moreover provide mobile check deposits.

Users are able to send cash and receive money to other Serve owners effortlessly through the mobile app.

Perks and rewards Through the site or perhaps the mobile app, you can make use of no cost bill pay to send money, or perhaps pay your bills by writing a check on the web and American Express will mail it for you.

The money transfer option enables users to send just about anyone across the 50 states and Puerto Rico money to be purchased from participating Walmart locations. The day transfer limit is $2,500 across your Serve accounts. According to FintechZoom Costs are as follows:

  • $4.99 for each money transfer up to fifty dolars
  • $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 these cards includes an edge: if you’re looking for money back incentives, the American Express Serve® Cash Back card is ideal for you. But if you handle a lot of money and wish to ensure that you can simply reload the card of yours without needing to spend any fees then the American Express Serve® FREE Reloads card is better suited to your needs.

In case you’re looking to stay away from spending a monthly fee, you should have a look at the Bluebird by American Express card, which allows one to receptive subaccounts and may be the best choice for families.

If you’re a common Walmart shopper and are looking to bank on incentives higher than one % cash back then the Walmart MoneyCard might be a better match with 3 % cash back on eligible Walmart.com and in-app Walmart purchases, 2 % cash back from Walmart energy stations, and 1 % cash back from Walmart stores, up to seventy five dolars every year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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