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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 one American Express Serve Card to select from, you are able to select which prepaid card works best for your requirements.

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

Prepaid cards provide users the capability to follow a specific budget and also, therefore, more easily limit the spending of theirs. They may work well for individuals on a budget, but they can additionally be the best option for teaching young children about spending money.

Prepaid cards are usually considered a safer alternative compared to cash because in case you lose the card, several have security measures that protect the account of yours against theft. In addition, for a modest fee, you are able to usually change the card with no anxiety.

American Express has more than a single prepaid Serve card so owners are able to chose the card which works perfect for them. The American Express Serve® Cash Back and the American Express Serve® FREE Reloads are the 2 monthly fee options in Amex’s prepaid flash memory card fleet (whereas the $6.95 rate for the basic Amex Serve card is waived when users direct deposit $500 or more 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 two cards are actually similar, but the Cash Back provides incentives while the FREE Reloads card allows users in over 45,000 locations in the U.S. and Puerto Rico put money upon the card free of charge.

How to increase money to your card Both cards offer complimentary direct deposit of paychecks and/or government benefits, however, the FREE Reloads gives the comfort of letting users reload the card of theirs at no cost at participating locations including CVS, Dollar General as well as other things.

With each cards, you are able to access a part of or all of your paycheck up to 2 days before payday when you enroll within direct deposit. Both cards moreover provide mobile check deposits.

Users can send cash and receive money to various other Serve owners easily 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 perhaps pay the bills of yours 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 50 states and Puerto Rico money to be picked up from participating Walmart locations. The daily transfer restrict is $2,500 across every one of your Serve accounts. According to FintechZoom Fees are as follows:

  • $4.99 for each cash transfer up to $50
  • $8.99 for every 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 these cards comes with an edge: if you’re looking for money back rewards, the American Express Serve® Cash Back flash memory card is perfect for you. But in case you handle a great deal of cash and wish to ensure that you are able to conveniently reload the card of yours without having to pay any charges subsequently the American Express Serve® FREE Reloads flash card is a bit better suited to the requirements of yours.

In case you are looking to avoid spending a monthly fee, you need to have a look at the Bluebird by American Express card, which allows someone to amenable subaccounts and could be a good option for families.

If perhaps you’re a standard Walmart shopper and want to bank on rewards higher than 1 % cash before the Walmart MoneyCard may be a better match with three % cash back on eligible Walmart.com along with in-app Walmart orders, two % cash back at Walmart energy stations, in addition to 1 % cash back at Walmart stores, as big as $75 every year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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