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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 select from, you can pick which prepaid card works ideal for your needs.

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

Prepaid cards offer users the potential to follow a certain budget and, therefore, a lot more easily restrict the spending of theirs. They may work very well for individuals on a budget, though they could additionally be a good choice for teaching children about spending money.

Prepaid cards tend to be considered a safer option than cash because in case you drop the card, several have security measures that protect the account of yours against theft. Plus, for a modest fee, you are able to generally change the card with no stress.

American Express provides more than a single prepaid Serve card so users can chose the card that actually works best for them. The American Express Serve® Cash Back and the American Express Serve® FREE Reloads are the 2 monthly-fee options within Amex’s prepaid card fleet (whereas the $6.95 fee for the fundamental Amex Serve card is actually waived when users strong 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 actually identical, but 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 for free.

How to add money to the card of yours Both cards offer free direct deposit of paychecks and/or government benefits, however, the FREE Reloads adds the convenience of letting users reload the card of theirs for free at participating locations including CVS, Dollar General and other things.

With both cards, you are able to access a part of or most of your paycheck up to 2 days before payday once you enroll in direct deposit. Both cards also offer mobile check deposits.

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

Perks and rewards Through the website or the mobile app, you are able to work with free bill pay to send cash, or perhaps pay your bills 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 50 states as well as Puerto Rico money to be purchased from participating Walmart locations. The day transfer limit is $2,500 across your Serve accounts. According to FintechZoom Fees are as follows:

  • $4.99 for every cash transfer up to $50
  • $8.99 for each money transfer of $50.01 1dolar1 1,000
  • $16.99 for each money transfer of $1,000.01 1dolar1 2,500

Bottom line Each of those cards has an edge: if you’re searching for cash back rewards, the American Express Serve® Cash Back flash card is perfect for you. But in case you handle a lot of cash and wish to ensure that you can effortlessly reload the card of yours without needing to pay any costs then the American Express Serve® FREE Reloads flash memory card is a bit better suited to your requirements.

In case you are trying to stay away from paying out a monthly fee, you need to take a look at the Bluebird by American Express flash card, which allows you to open subaccounts and also might be the best choice for families.

If you are a standard Walmart shopper and would like to bank on rewards higher than one % cash back then the Walmart MoneyCard may be a better fit with 3 % cash back on eligible Walmart.com and in app Walmart orders, two % cash back from Walmart fuel stations, and 1 % cash back at Walmart stores, up to $75 annually.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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