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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 choose which prepaid card works perfect for your needs.

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

Prepaid cards offer users the ability to follow a certain budget as well as, as a result, more easily limit the spending of theirs. They might work very well for people on a budget, but they might also be a good choice for teaching kids about spending money.

Prepaid cards tend to be considered a less risky choice than money because if you drop the card, many have security measures which protect the account of yours against theft. Additionally, for a small fee, you are able to usually replace the card with no stress.

American Express provides more than a single prepaid Serve card so users can chose the card that actually works perfect 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 basic Amex Serve card is actually waived when users strong 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 2 cards are actually identical, although the Cash Back provides incentives while the FREE Reloads card lets owners in more than 45,000 locations in the U.S. as well as Puerto Rico put money onto the card for free.

The way to increase money to your card Both cards extend free direct deposit of paychecks and also government benefits, but the FREE Reloads adds the advantage of letting users reload their card at no cost at participating locations like CVS, Dollar General and more.

With each cards, you can access part of or perhaps almost all of the paycheck of yours up to two days before payday when you enroll within direct deposit. Both cards moreover provide 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 perhaps the movable app, you can use free bill pay to send money, or even pay the bills of yours by writing a check online and American Express will mail it for your needs.

The money transfer choice enables users to send everyone across the 50 states and Puerto Rico money to be picked up from participating Walmart locations. The daily transfer limit is $2,500 across your Serve accounts. According to FintechZoom Fees are as follows:

  • $4.99 for every money transfer up to $50
  • $8.99 for every money transfer of $50.01-1dolar1 1,000
  • $16.99 for each 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 incentives, the American Express Serve® Cash Back flash card is for you. But if you handle a lot of money and would like to ensure that you are able to very easily reload your card without needing to spend any charges then the American Express Serve® FREE Reloads card is better suited to your needs.

If you’re trying to stay away from paying a monthly fee, you should have a look at the Bluebird by American Express flash card, which enables one to amenable subaccounts and could be the best option for families.

If you are a common Walmart shopper and would like to bank on incentives higher than one % money before the Walmart MoneyCard may be a much better fit with 3 % cash back on eligible Walmart.com and in app Walmart orders, 2 % cash back at Walmart fuel stations, in addition to 1 % cash back at Walmart stores, up to seventy five dolars per year.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads

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