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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 pick from, you can pick which prepaid card works perfect for your requirements.

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

Prepaid cards give users the ability to follow a certain budget as well as, therefore, a lot more easily limit the spending of theirs. They might work nicely for individuals on a budget, however, they could also be a good choice for teaching children about spending money.

Prepaid cards are often considered a more secure option than money because in case you get rid of the card, many 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 owners can chose the card that actually 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 fundamental Amex Serve card is actually waived when users strong 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 two cards are actually similar, but the Cash Back provides incentives while the FREE Reloads flash card lets owners in over 45,000 places in the U.S. and also Puerto Rico put money upon the card at no cost.

How to add money to the card of yours Both cards provide free direct deposit of paychecks as well as government benefits, but the FREE Reloads gives the comfort of letting users reload their card free of charge at participating locations including CVS, Dollar General as well as more.

With both cards, you are able to access part of or even almost all of your paycheck up to 2 days before payday once you enroll in direct deposit. Both cards also provide mobile check deposits.

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

Perks and rewards Through the site or the mobile app, you are able to work with free bill pay to send money, or perhaps pay your bills by writing a check online and American Express will mail it for you.

The cash transfer option makes it possible for users to send anyone across the fifty states as well as Puerto Rico money to be bought out of participating Walmart locations. The daily transfer restrict is $2,500 across your Serve accounts. According to FintechZoom Costs are as follows:

  • $4.99 for every money 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 these cards includes an edge: if you’re looking for cash back incentives, the American Express Serve® Cash Back card is ideal for you. But in case you handle a lot of money and would like to ensure that you can conveniently reload the card of yours without needing to pay any costs subsequently the American Express Serve® FREE Reloads flash card is a bit better suited to the requirements of yours.

In case you’re trying to avoid paying out a monthly fee, you should take a look at the Bluebird by American Express flash memory card, that allows one to open subaccounts and could be the best choice for families.

If perhaps you’re a standard Walmart shopper and would like to bank on rewards higher than 1 % money in the past the Walmart MoneyCard may be a better match with three % cash back on eligible Walmart.com and in-app Walmart orders, 2 % cash back at Walmart fuel stations, in addition to one % cash back at Walmart stores, a maximum of $75 every year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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