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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 pick from, you can choose which prepaid card works perfect for your needs.

Here is a description of the Cash Back along with Free Reloads cards.

Prepaid cards offer owners the capability to stick to a specific budget and, therefore, a lot more easily restrict their spending. They might work well for individuals on a budget, although they could also be a good option for teaching young children about spending money.

Prepaid cards are usually considered a less risky alternative compared to money because in case you get rid of the card, many have security measures which protect your account against theft. Plus, for a fair fee, you are able to usually switch the card with no stress.

American Express has more than a single prepaid Serve card so users are able to chose the card that works perfect 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 rate for the basic Amex Serve card is waived when users strong deposit $500 or more 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 actually similar, however, the Cash Back provides rewards while the FREE Reloads flash card lets users in over 45,000 locations in the U.S. as well as Puerto Rico put cash onto the card absolutely free.

The way to add money to the card of yours Both cards provide free direct deposit of paychecks or government benefits, but the FREE Reloads adds the convenience of letting users reload the card of theirs free of charge at participating locations like CVS, Dollar General and other things.

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

Users are able to send money and receive money to other Serve users easily through the mobile app.

Perks and rewards Through the site or perhaps the on the move app, you are able to work with free bill pay to send cash, or pay the bills of yours by composing a check on the web and American Express will mail it for you personally.

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

  • $4.99 for each cash transfer up to $50
  • $8.99 for every money transfer of $50.01 1dolar1 1,000
  • $16.99 for every money transfer of $1,000.01 1dolar1 2,500

Bottom line Each of those cards comes with an edge: if you are looking for money back rewards, the American Express Serve® Cash Back flash card is for you. But in case you handle a great deal of money and would like to make certain that you are able to very easily reload the card of yours without having to spend any charges subsequently the American Express Serve® FREE Reloads flash card is a bit better suited to your requirements.

In case you’re looking to avoid paying out a monthly fee, you should have a look at the Bluebird by American Express flash memory card, that enables you to amenable subaccounts and may be a good choice for families.

If you are a common Walmart shopper and are looking to bank on rewards higher than 1 % money back then the Walmart MoneyCard could be a better fit with 3 % money back on eligible Walmart.com along with in-app Walmart orders, two % cash back at Walmart fuel stations, in addition to one % cash back at Walmart stores, up to $75 per year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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