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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 choose from, you are able to pick which prepaid card works perfect for your needs.

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

Prepaid cards provide users the ability to follow a specific budget and, therefore, a lot more easily restrict their spending. They may work nicely for individuals on a budget, but they might additionally be a good choice for teaching kids about spending money.

Prepaid cards are usually thought to be a safer choice than cash because if you lose the card, many have security measures which protect the account of yours against theft. In addition, for a small fee, you are able to generally replace the card with no stress.

American Express offers greater than one 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 2 monthly-fee choices within Amex’s prepaid card fleet (whereas the $6.95 fee for the fundamental Amex Serve card is waived when users direct 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 identical, though the Cash Back offers incentives while the FREE Reloads flash card lets users in over 45,000 places in the U.S. and Puerto Rico put money upon the card at no cost.

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

With each cards, you are able to access a portion of or almost all of the paycheck of yours up to two days before payday when you enroll in direct deposit. Both cards also provide mobile check deposits.

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

Perks and rewards Through the website or the on the move app, you are able to make use of no cost bill pay to send cash, or pay your bills by writing a check online and American Express will mail it for you.

The cash transfer option allows users to send everyone across the 50 states as well as Puerto Rico money to be purchased out of participating Walmart locations. The day transfer restrict is $2,500 across all your Serve accounts. According to FintechZoom Costs are as follows:

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

Bottom line Each of those cards includes an edge: if you are looking for cash back incentives, the American Express Serve® Cash Back flash card is perfect for you. But if you handle a lot of money and wish to make certain that you are able to very easily reload your card without needing to pay any costs subsequently the American Express Serve® FREE Reloads flash memory card is a bit better suited to the needs of yours.

If you are trying to stay away from paying a monthly fee, you ought to have a look at the Bluebird by American Express flash card, which allows someone to receptive subaccounts and also may be a good choice for families.

If you’re a regular Walmart shopper and want to bank on rewards higher than 1 % cash in the past the Walmart MoneyCard could be a better fit with three % cash back on eligible Walmart.com and in-app Walmart orders, 2 % cash back at Walmart energy stations, in addition to one % cash back from Walmart stores, up to seventy five dolars annually.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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