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Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

With around one American Express Serve Card to choose from, you can select which prepaid card works best for your requirements.

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

Prepaid cards provide users the ability to follow a specific budget and, consequently, a lot more easily restrict their spending. They may work well for people on a budget, though they might additionally be a good choice for teaching young children about spending money.

Prepaid cards are often considered a safer option compared to cash because in case you get rid of the card, many have security measures that protect the account of yours against theft. Plus, for a small fee, you are able to usually switch the card with no anxiety.

American Express has more than a single prepaid Serve card so users are able to 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 within Amex’s prepaid flash memory card fleet (whereas the $6.95 price for the fundamental Amex Serve card is waived when users direct deposit $500 or over 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, although the Cash Back offers incentives while the FREE Reloads flash card lets users in more than 45,000 places in the U.S. and also Puerto Rico put money onto the card for free.

How to increase money to your card Both cards provide complimentary direct deposit of paychecks and/or government benefits, but the FREE Reloads adds the advantage of letting users reload the card of theirs for free at participating locations like CVS, Dollar General and more.

With both cards, you can access part of or even all of the paycheck of yours up to two days before payday when you enroll within direct deposit. Both cards likewise provide mobile check deposits.

Users are able to send money and receive money to various other Serve owners without difficulty with the mobile app.

Perks and rewards Through the website or the on the move app, you are able to work with no cost 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 your needs.

The cash transfer choice enables users to send just about anyone across the 50 states as well as Puerto Rico money to be ordered from participating Walmart locations. The day transfer restrict is $2,500 across every one of your Serve accounts. According to FintechZoom Fees are as follows:

  • $4.99 for each cash 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 searching for cash back rewards, the American Express Serve® Cash Back card is perfect for you. But if you handle a lot of cash and would like to ensure that you are able to smoothly reload the card of yours without needing to pay any fees subsequently the American Express Serve® FREE Reloads flash card is better suited to the needs of yours.

In case you are looking to avoid paying out a monthly fee, you should have a look at the Bluebird by American Express flash card, that allows someone to receptive subaccounts and could be the best option for families.

If you are a standard Walmart shopper and would like to bank on incentives higher than 1 % money back then the Walmart MoneyCard might be a better fit with 3 % money back on eligible Walmart.com and in app Walmart orders, 2 % cash back at Walmart energy stations, in addition to one % cash back at Walmart stores, up to $75 annually.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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