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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 select which prepaid card works ideal for the needs of yours.

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

Prepaid cards provide owners the capability to stick to a specific budget and also, as a result, more easily limit the spending of theirs. They may work nicely for people on a budget, however, they might in addition be a good option for teaching young children about spending money.

Prepaid cards are often regarded as a less risky option than cash because if you drop the card, many have security measures that protect the account of yours against theft. Additionally, for a small fee, you are able to usually switch the card without stress.

American Express has greater than one prepaid Serve card so owners are able to chose the card that actually works perfect for them. The American Express Serve® Cash Back and the American Express Serve® FREE Reloads are the two monthly-fee options in Amex’s prepaid flash card fleet (whereas the $6.95 price for the fundamental Amex Serve card is waived when users strong deposit $500 or more 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 identical, though the Cash Back provides rewards while the FREE Reloads card allows owners in more than 45,000 places in the U.S. as well as Puerto Rico put money upon the card absolutely free.

The way to add money to your card Both cards extend free direct deposit of paychecks or government benefits, however, the FREE Reloads adds the convenience of letting users reload their card for free at participating locations including CVS, Dollar General as well as other things.

With both cards, you are able to access a portion of or perhaps all of the paycheck of yours up to two days before payday after you enroll within direct deposit. Both cards moreover offer mobile check deposits.

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

rewards and Perks Through the website or maybe the mobile app, you can make use of free bill pay to send money, or pay the bills of yours by writing a check online and American Express will mail it for your needs.

The cash transfer choice allows users to send everyone across the fifty states and Puerto Rico cash to be picked up via participating Walmart locations. The day transfer limit is $2,500 across every one of your Serve accounts. According to FintechZoom Costs are as follows:

  • $4.99 for every money 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 comes with an edge: in case you are looking for money back rewards, the American Express Serve® Cash Back flash card is ideal for you. But if you handle a great deal of money and would like to make certain that you can conveniently reload the card of yours without having to pay any costs then the American Express Serve® FREE Reloads flash card is a bit better suited to the requirements of yours.

If you’re trying to avoid paying a monthly fee, you should check out the Bluebird by American Express card, which enables you to receptive subaccounts and also may be the best choice for families.

If perhaps you are a common Walmart shopper and want to bank on rewards higher than 1 % money back then the Walmart MoneyCard could be a much better match with three % money back on eligible Walmart.com along with in-app Walmart orders, two % cash back at Walmart fuel stations, along with one % cash back from Walmart stores, a maximum of $75 each year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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