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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 are able to pick which prepaid card works ideal for the needs of yours.

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

Prepaid cards offer users the potential to stick to a specific budget and, consequently, a lot more easily limit the spending of theirs. They might work very well for individuals on a budget, though they might in addition be the best choice for teaching young children about spending money.

Prepaid cards tend to be thought to be a safer alternative than cash because if you lose the card, many have security measures that protect your account against theft. Additionally, for a fair fee, you can typically replace the card with no anxiety.

American Express offers greater than one prepaid Serve card so users are able to chose the card that actually works best for them. The American Express Serve® Cash Back and the American Express Serve® FREE Reloads are the two monthly-fee choices within Amex’s prepaid flash memory card fleet (whereas the $6.95 rate for the fundamental Amex Serve card is waived when users direct deposit $500 or over 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 2 cards are identical, though the Cash Back provides rewards while the FREE Reloads flash card allows users in over 45,000 places in the U.S. as well as Puerto Rico put money onto the card absolutely free.

How to increase money to your card Both cards provide free direct deposit of paychecks and also government benefits, however, the FREE Reloads adds the advantage of letting users reload the card of theirs free of charge at participating locations like CVS, Dollar General and more.

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

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

Perks and rewards Through the website or maybe the mobile app, you can use free bill pay to send money, or pay your bills by composing a check online and American Express will mail it for you.

The cash transfer choice makes it possible for users to send just about anyone across the fifty states and Puerto Rico money to be ordered via participating Walmart locations. The day 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 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 includes an edge: in case you’re searching for cash back incentives, the American Express Serve® Cash Back card is perfect for you. But in case you handle a great deal of cash and want to make certain that you are able to simply reload the card of yours without having to pay any fees subsequently the American Express Serve® FREE Reloads card is a bit better suited to the requirements of yours.

If you’re looking to stay away from paying a monthly fee, you need to check out the Bluebird by American Express flash card, which allows one to open subaccounts and also could be the best choice for families.

If you are a common Walmart shopper and are looking to bank on incentives higher than 1 % cash before the Walmart MoneyCard might be a better match with 3 % money back on eligible Walmart.com and in-app Walmart orders, 2 % cash back at Walmart energy stations, and 1 % cash back at Walmart stores, a maximum of seventy five dolars every year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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