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Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

With around a single American Express Serve Card to choose from, you can pick which prepaid card works perfect for the needs of yours.

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

Prepaid cards provide owners the capability to follow a certain budget and also, as a result, more easily restrict their spending. They might work very well for people on a budget, though they might in addition be the best choice for teaching kids about spending money.

Prepaid cards are often thought to be a less risky choice compared to money because if you drop the card, many have security measures which protect the account of yours against theft. Plus, for a small fee, you are able to typically change the card with no stress.

American Express has more than a single prepaid Serve card so users are able to chose the card that actually works ideal 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 card fleet (whereas the $6.95 rate for the basic Amex Serve card is actually waived when users strong deposit $500 or over during each month 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 similar, although the Cash Back offers incentives while the FREE Reloads card allows owners in over 45,000 places in the U.S. as well as Puerto Rico put money onto the card free of charge.

The way to add money to the card of yours Both cards extend complimentary direct deposit of paychecks and/or government benefits, however, the FREE Reloads gives the convenience of letting users reload their card at no cost at participating locations including CVS, Dollar General as well as more.

With both cards, you can access a portion of or perhaps all of the paycheck of yours up to 2 days before payday once you enroll inside direct deposit. Both cards likewise provide mobile check deposits.

Users can send dollars and receive money to other Serve owners without difficulty with the mobile app.

Perks and rewards Through the website or perhaps the on the move app, you can make use of free bill pay to send money, or even pay your bills by writing a check online and American Express will mail it for you personally.

The cash transfer option enables users to send anyone across the 50 states and Puerto Rico cash to be purchased from participating Walmart locations. The daily transfer restrict is $2,500 across every one of your Serve accounts. According to FintechZoom Costs are as follows:

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

Bottom line Each of these cards includes an edge: in case 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 make certain that you can smoothly reload your card without having to pay any fees then the American Express Serve® FREE Reloads flash card is better suited to your requirements.

If you are planning to stay away from spending a monthly fee, you should have a look at the Bluebird by American Express card, that allows you to receptive subaccounts and also might be the best option for families.

If perhaps you are a regular Walmart shopper and want to bank on incentives higher than 1 % money in the past the Walmart MoneyCard may be a much better fit with 3 % cash back on eligible Walmart.com and in app Walmart orders, two % cash back from Walmart energy stations, in addition to one % cash back at Walmart stores, a maximum of $75 per year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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