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Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

With over a single American Express Serve Card to choose from, you are able to choose which prepaid card works ideal for your needs.

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

Prepaid cards provide users the ability to follow a particular budget and also, consequently, a lot more easily limit their spending. They may work well for people on a budget, though they could also be a good option for teaching kids about spending money.

Prepaid cards tend to be thought to be a more secure alternative compared to money because if you lose the card, several have security measures which protect the account of yours against theft. In addition, for a modest fee, you can typically replace the card without anxiety.

American Express has more than one 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 2 monthly fee choices in Amex’s prepaid flash card fleet (whereas the $6.95 fee for the basic Amex Serve card is waived when users direct deposit $500 or more 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 actually similar, but the Cash Back offers incentives while the FREE Reloads card allows users in more than 45,000 places in the U.S. and Puerto Rico put money upon the card at no cost.

How to increase money to your card Both cards offer free direct deposit of paychecks as well as government benefits, although the FREE Reloads gives the advantage of letting users reload the card of theirs for free at participating locations including CVS, Dollar General as well as other things.

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

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

Perks and rewards Through the website or maybe the movable app, you are able to use no cost bill pay to send money, or even pay your bills by composing a check on the internet and American Express will mail it for your needs.

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

  • $4.99 for every money transfer up to fifty dolars
  • $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 these cards includes an edge: if you’re searching for money back rewards, the American Express Serve® Cash Back flash card is for you. But in case you handle a great deal of cash and would like to make certain that you are able to conveniently reload your card without having to spend any costs then the American Express Serve® FREE Reloads card is a bit better suited to your needs.

In case you are planning to stay away from paying out a monthly fee, you ought to have a look at the Bluebird by American Express flash card, which allows you to amenable subaccounts and might be a good choice for families.

If you are a regular Walmart shopper and want to bank on incentives higher than 1 % money before the Walmart MoneyCard might be a much better fit with three % money back on eligible Walmart.com and in-app Walmart orders, two % cash back from Walmart energy stations, along with one % cash back at Walmart stores, a maximum of $75 annually.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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