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 pick from, you can choose which prepaid card works perfect for your needs.

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

Prepaid cards offer users the ability to follow a specific budget and also, therefore, a lot more easily restrict the spending of theirs. They may work nicely for individuals on a budget, although they can also be a good option for teaching young children about spending money.

Prepaid cards are usually thought to be a less risky alternative than cash because if you get rid of the card, many have security measures which protect your account against theft. Additionally, for a fair fee, you can generally replace the card with no anxiety.

American Express has more than one prepaid Serve card so users are able to chose the card that actually 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 card fleet (whereas the $6.95 price for the basic Amex Serve card is actually 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 2 cards are actually similar, however, the Cash Back offers rewards while the FREE Reloads card lets owners in more than 45,000 places in the U.S. as well as Puerto Rico put money onto the card at no cost.

The way to increase cash to your card Both cards provide free direct deposit of paychecks and also government benefits, though the FREE Reloads adds the comfort of letting users reload their card for free at participating locations including CVS, Dollar General as well as other things.

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

Users are able to send cash and receive money to various other Serve users easily with the mobile app.

Perks and rewards Through the website or the on the move app, you are able to use no cost bill pay to send cash, or perhaps pay the bills of yours by writing a check online and American Express will mail it for your needs.

The money transfer choice makes it possible for users to send anyone across the fifty states and Puerto Rico money to be ordered out of participating Walmart locations. The daily transfer restrict is $2,500 across every one of your Serve accounts. According to FintechZoom Costs are as follows:

  • $4.99 for each cash transfer up to $50
  • $8.99 for every cash 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 comes with an edge: in case you are searching for money back incentives, the American Express Serve® Cash Back flash memory card is ideal for you. But in case you handle a lot of cash and want to make certain that you are able to conveniently reload your card without having to spend any charges then the American Express Serve® FREE Reloads flash card is a bit better suited to your requirements.

If you are trying to avoid paying a monthly fee, you need to take a look at the Bluebird by American Express card, which enables one to receptive subaccounts and also could be a good choice for families.

If perhaps you’re a regular Walmart shopper and would like to bank on rewards higher than 1 % money before the Walmart MoneyCard may be a much better fit with 3 % money back on eligible Walmart.com along with in-app Walmart orders, 2 % cash back from Walmart fuel stations, along with 1 % cash back from Walmart stores, as big as $75 yearly.

Walmart MoneyCard – Amex Serve Cash Back vs. FREE Reloads