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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 select from, you are able to pick which prepaid card works perfect for the needs of yours.

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

Prepaid cards offer owners the ability to stick to a particular budget and also, consequently, a lot more easily restrict their spending. They may work very well for people on a budget, but they could in addition be the best choice for teaching kids about spending money.

Prepaid cards are usually considered a less risky choice compared to cash because if you lose the card, several have security measures which protect your account against theft. Plus, for a fair fee, you can typically switch the card without anxiety.

American Express offers more than a single prepaid Serve card so users can chose the card which 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 card fleet (whereas the $6.95 rate for the fundamental Amex Serve card is actually waived when users strong deposit $500 or higher 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 2 cards are identical, although the Cash Back provides incentives while the FREE Reloads flash card allows users in more than 45,000 locations in the U.S. and Puerto Rico put cash upon the card absolutely free.

How you can add money to the card of yours Both cards extend complimentary direct deposit of paychecks as well as government benefits, although the FREE Reloads adds the convenience of letting users reload the card of theirs for free at participating locations including CVS, Dollar General and more.

With each cards, you are able to access part of or perhaps most of the paycheck of yours up to 2 days before payday once you enroll within direct deposit. Both cards likewise provide mobile check deposits.

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

Perks and rewards Through the site or the on the move app, you are able to use no cost bill pay to send money, or pay the bills of yours by composing a check online and American Express will mail it for you personally.

The cash transfer option allows users to send virtually anyone across the fifty states and Puerto Rico cash to be picked up via participating Walmart locations. The day transfer restrict is $2,500 across all your Serve accounts. According to FintechZoom Fees are as follows:

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

Bottom line Each of these cards includes 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 cash and want to make sure that you are able to easily reload your card without needing to spend any charges subsequently the American Express Serve® FREE Reloads flash memory card is a bit better suited to the requirements of yours.

In case you’re trying to avoid spending a monthly fee, you ought to check out the Bluebird by American Express flash card, that allows one to amenable subaccounts and also may be the best choice for families.

If perhaps you’re a common Walmart shopper and are looking to bank on rewards higher than one % money before the Walmart MoneyCard might be a much better match with 3 % cash back on eligible Walmart.com and in-app Walmart purchases, two % cash back from Walmart fuel 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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