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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 can pick which prepaid card works best for the needs of yours.

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

Prepaid cards provide owners the potential to follow a specific budget as well as, therefore, a lot more easily limit their spending. They might work very well for individuals on a budget, although they might also be the best choice for teaching children about spending money.

Prepaid cards are often regarded as a less risky choice than cash because in case you get rid of the card, several have security measures that protect the account of yours against theft. Plus, for a small fee, you can usually replace the card with no stress.

American Express offers more than one prepaid Serve card so users are able to chose the card that works ideal for them. The American Express Serve® Cash Back and the American Express Serve® FREE Reloads are the two monthly fee options 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 2 cards are actually identical, though the Cash Back offers incentives while the FREE Reloads flash card lets users in more than 45,000 locations in the U.S. and Puerto Rico put money onto the card free of charge.

How you can add cash to the card of yours Both cards extend free direct deposit of paychecks and also government benefits, but the FREE Reloads adds the convenience of letting users reload their card for free at participating locations including CVS, Dollar General and more.

With each cards, you can access a part of or almost all of your paycheck up to two days before payday when you enroll within direct deposit. Both cards likewise provide mobile check deposits.

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

rewards and Perks Through the website or maybe the mobile app, you are able to work with free bill pay to send cash, or perhaps pay your bills by composing a check on the internet and American Express will mail it for you.

The money transfer choice makes it possible for users to send anyone across the fifty states as well as Puerto Rico cash to be picked up via 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 cash transfer up to fifty dolars
  • $8.99 for each 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 those cards comes with an edge: in case you are looking for money back incentives, the American Express Serve® Cash Back flash memory card is for you. But in case you handle a great deal of money and wish to make certain that you can very easily reload your card without needing to pay any charges then the American Express Serve® FREE Reloads card is a bit better suited to the needs of yours.

If you are planning to avoid paying a monthly fee, you need to take a look at the Bluebird by American Express card, that allows you to amenable subaccounts and also may be the best choice for families.

If you are a regular Walmart shopper and are looking to bank on rewards higher than one % cash in the past the Walmart MoneyCard may be a better match with 3 % money back on eligible Walmart.com and in app Walmart purchases, 2 % cash back at Walmart energy stations, in addition to one % cash back from Walmart stores, as big as $75 annually.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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