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Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

With more than a single American Express Serve Card to choose from, you can select which prepaid card works ideal for the needs of yours.

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

Prepaid cards provide owners the potential to follow a particular budget and also, therefore, more easily restrict their spending. They may work well for individuals on a budget, although they could also be the best choice for teaching kids about spending money.

Prepaid cards are often thought to be a safer alternative compared to cash because if you drop the card, several have security measures which protect your account against theft. In addition, for a modest fee, you are able to generally switch the card without stress.

American Express provides more than one prepaid Serve card so owners can chose the card which works best 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 rate for the basic Amex Serve card is actually waived when users strong deposit $500 or higher 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 2 cards are actually similar, however, the Cash Back offers rewards while the FREE Reloads flash card allows users in more than 45,000 places in the U.S. and Puerto Rico put cash upon the card at no cost.

How to increase cash to your card Both cards provide complimentary direct deposit of paychecks and also government benefits, however, the FREE Reloads adds the advantage of letting users reload their card at no cost at participating locations including CVS, Dollar General and more.

With both cards, you are able to access part of or most of the paycheck of yours up to two days before payday when you enroll in direct deposit. Both cards likewise provide mobile check deposits.

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

Perks and rewards Through the site or the mobile app, you are able to work with no cost bill pay to send cash, or even pay the bills of yours by writing a check online and American Express will mail it for you personally.

The cash transfer choice allows users to send everyone across the fifty states and Puerto Rico cash to be purchased out of participating Walmart locations. The daily transfer limit is $2,500 across your Serve accounts. According to FintechZoom Fees are as follows:

  • $4.99 for each money transfer up to $50
  • $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 are searching for cash back rewards, the American Express Serve® Cash Back card is ideal for you. But if you handle a lot of cash and would like to ensure that you are able to effortlessly reload your card without having to spend any costs then the American Express Serve® FREE Reloads flash card is better suited to the needs of yours.

In case you are looking to stay away from paying out a monthly fee, you need to have a look at the Bluebird by American Express flash card, which enables someone to receptive subaccounts and may be a good choice for families.

If you are a regular Walmart shopper and would like to bank on incentives higher than one % money in the past the Walmart MoneyCard may be a much better match with 3 % money back on eligible Walmart.com along with in-app Walmart purchases, 2 % cash back at Walmart fuel stations, in addition to one % cash back at Walmart stores, up to $75 annually.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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