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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 one American Express Serve Card to select from, you can choose which prepaid card works best for your requirements.

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

Prepaid cards provide users the capability to stick to a certain budget as well as, consequently, a lot more easily restrict the spending of theirs. They may work well for individuals on a budget, although they might also be the best choice for teaching kids about spending money.

Prepaid cards tend to be regarded as a safer option compared to cash because in case you get rid of the card, several have security measures which protect the account of yours against theft. Plus, for a modest fee, you are able to generally replace the card without anxiety.

American Express has more than a single prepaid Serve card so owners 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 options in Amex’s prepaid flash memory card fleet (whereas the $6.95 rate for the fundamental Amex Serve card is waived when users direct 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 2 cards are similar, but the Cash Back offers rewards while the FREE Reloads flash card allows users in over 45,000 locations in the U.S. as well as Puerto Rico put money onto the card at no cost.

How you can add cash to your card Both cards provide free direct deposit of paychecks and also government benefits, although the FREE Reloads adds the convenience of letting users reload the card of theirs for free at participating locations like CVS, Dollar General and other things.

With both cards, you can access a part of or perhaps almost all of your paycheck up to 2 days before payday after you enroll inside direct deposit. Both cards likewise offer mobile check deposits.

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

rewards and Perks Through the website or the on the move app, you can work with no cost bill pay to send cash, or perhaps pay your bills by composing a check on the web and American Express will mail it for your needs.

The cash transfer option allows users to send virtually anyone across the fifty states as well as Puerto Rico money to be purchased out of participating Walmart locations. The daily 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 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’re searching for money back incentives, the American Express Serve® Cash Back flash memory card is for you. But if you handle a great deal of money and wish to ensure that you are able to smoothly reload the card of yours without needing to pay any charges then the American Express Serve® FREE Reloads flash card is a bit better suited to your needs.

If you’re looking to stay away from paying out a monthly fee, you need to take a look at the Bluebird by American Express flash card, which allows someone to receptive subaccounts and also could be a good choice for families.

If you’re a regular Walmart shopper and would like to bank on rewards higher than 1 % money before the Walmart MoneyCard might be a much better match with three % cash back on eligible Walmart.com along with in app Walmart orders, 2 % cash back at Walmart energy stations, and 1 % cash back from Walmart stores, as big as seventy five dolars every year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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