Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

With over one American Express Serve Card to choose from, you are able to choose which prepaid card works ideal for the needs of yours.

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

Prepaid cards give users the potential to follow a particular budget and, therefore, much more easily limit their spending. They can work very well for people on a budget, though they could additionally be the best option for teaching young children about spending money.

Prepaid cards are usually regarded as a safer option than cash because in case you get rid of the card, several have security measures which protect the account of yours against theft. Additionally, for a small fee, you can usually change the card with no stress.

American Express offers greater than one prepaid Serve card so users can chose the card that works perfect for them. The American Express Serve® Cash Back and the American Express Serve® FREE Reloads are the two monthly-fee choices in Amex’s prepaid flash memory card fleet (whereas the $6.95 rate for the basic Amex Serve card is waived when users direct deposit $500 or over during each month 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 similar, although the Cash Back provides rewards while the FREE Reloads card allows owners in over 45,000 places in the U.S. and also Puerto Rico put cash onto the card absolutely free.

The way to add money to your card Both cards extend complimentary direct deposit of paychecks and/or government benefits, however, the FREE Reloads adds the advantage of letting users reload the card of theirs at no cost at participating locations like CVS, Dollar General and other things.

With each cards, you are able to access part of or most of the paycheck of yours up to two days before payday once you enroll inside direct deposit. Both cards also offer mobile check deposits.

Users can send cash and receive money to various other Serve users effortlessly through the mobile app.

Perks and rewards Through the website or perhaps the mobile app, you can make use of no cost bill pay to send cash, or perhaps pay the bills of yours by writing a check on the web and American Express will mail it for your needs.

The cash transfer option makes it possible for users to send just about anyone across the 50 states and Puerto Rico money to be picked up out of participating Walmart locations. The day transfer limit is $2,500 across all your Serve accounts. According to FintechZoom Fees are as follows:

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

Bottom line Each of those cards has an edge: in case you are searching for cash back incentives, the American Express Serve® Cash Back flash card is ideal for you. But in case you handle a great deal of cash and wish to ensure that you can simply reload your card without having to spend any fees then the American Express Serve® FREE Reloads flash card is better suited to your needs.

If you’re planning to stay away from spending a monthly fee, you ought to have a look at the Bluebird by American Express flash memory card, that allows one to open subaccounts and also may be a good choice for families.

If perhaps you’re a regular Walmart shopper and are looking to bank on rewards higher than 1 % cash in the past the Walmart MoneyCard could be a much better fit with 3 % money back on eligible Walmart.com and in-app Walmart orders, 2 % cash back at Walmart energy stations, along with one % cash back from Walmart stores, a maximum of $75 annually.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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