Compare it to the Walmart MoneyCard®
If you regularly shop at Walmart and want to earn rewards for doing so, the Walmart MoneyCard® could be a good alternative. The card offers 3% cash back at Walmart.com, 2% cash back at Murphy USA and Walmart fuel stations, and 1% cash back at Walmart stores. Maximum of $75 cash back per reward year.
The Walmart MoneyCard® does, however, charge a monthly fee of $5.94 — which can add up to $71.28 per year. But if you direct deposit $500 or more during the previous monthly period, the fee will be waived.
Other benefits of the Walmart MoneyCard® include up to $200 in overdraft protection, up to four additional accounts for family members age 13 or older and the ability to manage your money via the MoneyCard app. Plus, get free access to ASAP Direct Deposit, which allows you to receive your paycheck up to two days before payday.
In addition to a monthly fee, the Walmart MoneyCard® charges a $1 card purchase fee, $3 to deposit cash at Walmart registers and up to $5.95 at other locations ($0 using the Walmart app), a $2.50 ATM withdrawal fee (plus a possible fee by the ATM operator), a $2.50 teller cash withdrawal fee, $15 overdraft fee and a 50 cent ATM balance inquiry fee. Plus, the card charges foreign transactions fees of 3% of the amount of each transaction and a card replacement fee of $3 for standard delivery and $15 for expedited delivery.
To purchase a Walmart MoneyCard®, you must be 18 years or older. Activation requires online access and your Social Security number to serve as identity verification to open an account.
The information related to the Walmart MoneyCard® has been independently collected by LendingTree and has not been reviewed or provided by the issuer of the card prior to publication.