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

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

Prepaid cards offer users the ability to stick to a certain budget and, therefore, a lot more easily limit the spending of theirs. They might work well for those who are on a budget, although they could also be a good option for teaching young children about spending money.

Prepaid cards tend to be regarded as a safer choice compared to cash because in case you get rid of the card, many have security measures which protect the account of yours against theft. In addition, for a modest fee, you can typically switch the card with no stress.

American Express provides greater than a single prepaid Serve card so owners can chose the card which 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 month declaration 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 identical, however, the Cash Back offers rewards while the FREE Reloads card lets owners in more than 45,000 places in the U.S. as well as Puerto Rico put money onto the card at no cost.

The way to add cash to the card of yours Both cards extend free direct deposit of paychecks as well as government benefits, although the FREE Reloads adds the advantage of letting users reload their card for free at participating locations like CVS, Dollar General and other things.

With each cards, you can access a portion of or even most of the paycheck of yours up to two days before payday after you enroll within direct deposit. Both cards also offer mobile check deposits.

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

Perks and rewards Through the website or maybe the movable app, you are able to use free bill pay to send cash, or pay the bills of yours by composing a check on the internet and American Express will mail it for you.

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

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

Bottom line Each of those cards has an edge: if you’re searching for cash back rewards, the American Express Serve® Cash Back flash card is for you. But if you handle a great deal of money and wish to ensure that you are able to conveniently reload your card without having to spend any charges subsequently the American Express Serve® FREE Reloads card is better suited to your needs.

If you are looking to avoid spending a monthly fee, you need to have a look at the Bluebird by American Express flash card, which enables one to open subaccounts and may be a good choice for families.

If perhaps you’re a common Walmart shopper and want to bank on incentives higher than one % money before the Walmart MoneyCard may be a much better match with 3 % cash back on eligible Walmart.com and in-app Walmart orders, two % cash back at Walmart energy stations, along with one % cash back from Walmart stores, a maximum of seventy five dolars each year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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