Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

With over one American Express Serve Card to pick from, you can choose which prepaid card works perfect for your needs.

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

Prepaid cards provide owners the ability to follow a certain budget and also, therefore, much more easily limit the spending of theirs. They can work well for people on a budget, however, they might in addition be the best choice for teaching kids about spending money.

Prepaid cards tend to be thought to be a safer option compared to cash because if you lose the card, many have security measures which protect your account against theft. Plus, for a fair fee, you are able to generally switch the card without stress.

American Express provides greater than a single prepaid Serve card so owners can chose the card that works best for them. The American Express Serve® Cash Back and the American Express Serve® FREE Reloads are the 2 monthly-fee choices in Amex’s prepaid flash memory card fleet (whereas the $6.95 price for the basic Amex Serve card is 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 2 cards are actually similar, though the Cash Back offers incentives while the FREE Reloads card allows owners in more than 45,000 locations in the U.S. and also Puerto Rico put money onto the card at no cost.

How you can increase cash to the card of yours Both cards offer complimentary direct deposit of paychecks or government benefits, but the FREE Reloads gives the advantage of letting users reload their card for free at participating locations like CVS, Dollar General and more.

With both cards, you can access a part of or perhaps almost all of your paycheck up to 2 days before payday when you enroll within direct deposit. Both cards also offer mobile check deposits.

Users can send money and receive money to various other Serve owners effortlessly with the mobile app.

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

The money transfer option enables users to send everyone across the 50 states as well as Puerto Rico money to be picked up out of participating Walmart locations. The daily transfer restrict is $2,500 across all your Serve accounts. According to FintechZoom Fees are as follows:

  • $4.99 for each cash transfer up to fifty dolars
  • $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 these cards comes with an edge: in case you are looking for cash back rewards, the American Express Serve® Cash Back card is ideal for you. But in case you handle a great deal of money and would like to ensure that you are able to conveniently reload your card without having to spend any charges then the American Express Serve® FREE Reloads card is better suited to your needs.

In case you’re trying to stay away from paying a monthly fee, you should take a look at the Bluebird by American Express flash memory card, that enables one to amenable subaccounts and also may be a good option for families.

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

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads