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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 choose which prepaid card works perfect for your requirements.

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

Prepaid cards provide owners the capability to follow a particular budget as well as, therefore, much more easily limit the spending of theirs. They may work nicely for those who are on a budget, but they can also be a good option for teaching children about spending money.

Prepaid cards are often thought to be a safer alternative compared to cash because in case you drop the card, several have security measures which protect the account of yours against theft. Additionally, for a fair fee, you are able to generally switch the card with no anxiety.

American Express offers greater than one prepaid Serve card so users can chose the card that works perfect for them. The American Express Serve® Cash Back and the American Express Serve® FREE Reloads are the 2 monthly-fee options in Amex’s prepaid card fleet (whereas the $6.95 fee for the fundamental Amex Serve card is actually 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 two cards are actually similar, however, the Cash Back provides incentives while the FREE Reloads flash card lets users in more than 45,000 locations in the U.S. and also Puerto Rico put money upon the card for free.

How to add cash to your card Both cards provide free direct deposit of paychecks and/or government benefits, however, the FREE Reloads adds the convenience of letting users reload their card free of charge at participating locations like CVS, Dollar General and other things.

With both cards, you are able to access a part of or most of the paycheck of yours up to 2 days before payday when you enroll in direct deposit. Both cards likewise provide mobile check deposits.

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

Perks and rewards Through the website or maybe the movable app, you are able to work with free bill pay to send money, or perhaps pay your bills by writing a check online and American Express will mail it in your case.

The money transfer option makes it possible for users to send everyone across the fifty states as well as Puerto Rico money to be picked up 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 every cash transfer up to fifty dolars
  • $8.99 for each 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 cash back incentives, the American Express Serve® Cash Back card is perfect for you. But if you handle a great deal of money and want to make certain that you are able to very easily reload the card of yours without having to pay any costs subsequently the American Express Serve® FREE Reloads flash memory card is a bit better suited to the requirements of yours.

In case you’re looking to avoid paying out a monthly fee, you need to take a look at the Bluebird by American Express flash memory card, that allows someone to receptive subaccounts and might be a good option for families.

If you’re a regular Walmart shopper and want to bank on rewards higher than 1 % money before the Walmart MoneyCard might be a better match with 3 % money back on eligible Walmart.com along with in-app Walmart orders, two % cash back at Walmart fuel stations, and 1 % cash back from Walmart stores, up to seventy five dolars yearly.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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