Walmart has created a new card, also known as MoneyCard. It’s a prepaid debit card, and if you shop at Walmart often, it might be worth it.
Many of us have our favorite grocery stores, and many of them offer store credit cards or rewards cards.
Walmart has created a card program of their own.
Little Debbie ice cream?
Walmart MoneyCard Explained
This card is a debit card that goes through Green Dot Bank.
It offers cashback for purchases made at Walmart as well as free online services.
There are nine options to choose from, all of which can be purchased at Walmart.
- Walmart MoneyCard Basic, Plus or Preferred; $3, $4, $6 respectively
- “Make Your Own” Prepaid Visa Card, $5
- NASCAR Prepaid Visa Card, $5
- NFL Visa Prepaid Card, $5
- Mossy Oak Prepaid MasterCard, $5
- RushCard Live Prepaid Visa Card, $4.95
- AARP Foundation Prepaid MasterCard, $4.95
REMINDER: Frozen products may contain milk or Listeria
Rewards make it worth buying if you frequent the grocery store for most of your purchases.
You can transfer money between friends and family, get free bill payments, and earn up to $75 in cash rewards per year.
There are free cash withdrawals at most Walmart stores as well as free cash top-ups through the MoneyCard app.
Aldi is testing the checkout without a cashier
Charges with Walmart MoneyCard
Opening your MoneyCard account will cost you $1, while keeping it open incurs a monthly fee of $5.94.
If you deposit $1,000 or more each month, this fee is waived.
Using ATMs incurs a $2.50 withdrawal fee and a $0.50 balance inquiry fee.
You can withdraw cash at the customer service counter or at Walmart MoneyCenters free of charge.
If you use the card outside the country, you will see a 3% charge for every dollar spent.
12 packs of checks cost $5.95.