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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 are able to select which prepaid card works perfect for your requirements.

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

Prepaid cards offer owners the ability to follow a specific budget and, consequently, a lot more easily restrict their spending. They can work very well for individuals on a budget, although they can in addition be a good choice for teaching young children about spending money.

Prepaid cards are often thought to be a less risky choice than cash because in case you lose the card, several have security measures that protect the account of yours against theft. In addition, for a small fee, you are able to usually replace the card with no stress.

American Express provides more than a single prepaid Serve card so users can chose the card which 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 basic Amex Serve card is waived when users direct deposit $500 or more during each monthly 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 identical, however, the Cash Back offers rewards while the FREE Reloads card lets owners in over 45,000 places in the U.S. and also Puerto Rico put money upon the card at no cost.

The way to increase cash to the card of yours Both cards extend free direct deposit of paychecks and also government benefits, although the FREE Reloads adds the advantage of letting users reload their card for free at participating locations like CVS, Dollar General as well as more.

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

Users are able to send cash and receive money to other Serve owners without difficulty through the mobile app.

Perks and rewards Through the site or perhaps the on the move app, you can make use of free bill pay to send money, or perhaps pay the bills of yours by composing a check on the internet and American Express will mail it for you personally.

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

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

Bottom line Each of these cards has an edge: in case you are looking for cash back rewards, the American Express Serve® Cash Back card is ideal for you. But if you handle a great deal of money and want to make certain that you are able to easily reload the card of yours without needing to spend any charges subsequently the American Express Serve® FREE Reloads flash card is better suited to the requirements of yours.

In case you are planning to avoid paying out a monthly fee, you need to take a look at the Bluebird by American Express flash memory card, that allows you to open subaccounts and could be a good choice for families.

If you are a common Walmart shopper and are looking to bank on incentives higher than 1 % cash in the past the Walmart MoneyCard might be a better match with 3 % cash back on eligible Walmart.com and in-app Walmart orders, 2 % cash back from Walmart fuel stations, in addition to one % cash back at Walmart stores, a maximum of $75 each year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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