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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 are able to pick which prepaid card works ideal for your requirements.

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

Prepaid cards provide users the capability to stick to a specific budget and also, therefore, more easily limit their spending. They can work very well for individuals on a budget, but they can also be the best option for teaching children about spending money.

Prepaid cards are usually considered a safer alternative compared to cash because if you drop the card, many have security measures which protect your account against theft. Additionally, for a fair fee, you are able to generally replace the card with no stress.

American Express provides more than a single prepaid Serve card so owners are able to chose the card which 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 memory card fleet (whereas the $6.95 price for the basic Amex Serve card is waived when users strong deposit $500 or higher during each monthly 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 two cards are actually identical, but the Cash Back provides rewards while the FREE Reloads flash card lets owners in over 45,000 locations in the U.S. and also Puerto Rico put money upon the card at no cost.

How to add money to the card of yours Both cards provide complimentary direct deposit of paychecks and/or government benefits, but the FREE Reloads adds the comfort of letting users reload the card of theirs at no cost at participating locations including CVS, Dollar General as well as other things.

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

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

Perks and rewards Through the site or the on the move app, you are able to work with free bill pay to send money, or even pay the bills of yours by writing a check on the internet and American Express will mail it in your case.

The money transfer option allows users to send just about anyone across the fifty states as well as Puerto Rico money to be ordered via participating Walmart locations. The daily transfer limit 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 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 those cards includes an edge: in case you are searching for cash back incentives, the American Express Serve® Cash Back card is for you. But if you handle a lot of money and want to make certain that you are able to smoothly reload the card of yours without having to pay any fees subsequently the American Express Serve® FREE Reloads flash memory card is better suited to the requirements of yours.

In case you’re trying to stay away from paying out a monthly fee, you should have a look at the Bluebird by American Express flash card, which allows one to amenable subaccounts and also might be a good choice for families.

If you’re a common Walmart shopper and are looking to bank on incentives higher than one % money before the Walmart MoneyCard may be a much better fit with three % cash back on eligible Walmart.com and in app Walmart purchases, 2 % cash back at Walmart fuel stations, and 1 % cash back at Walmart stores, a maximum of $75 every year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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