Walmart Visa Prepaid Card vs. Walmart Prepaid Debit Card – Which is Right for You?
Walmart Prepaid Cards: A Comparison
If you’re looking for a convenient way to manage your money without a bank account or credit check, you might be interested in the Walmart Visa Prepaid Card or the Walmart Prepaid Debit Card. These are reloadable cards that you can use to shop online, pay bills, get cash back, and more. But what are the differences between these two cards and which one is better for your needs? Let’s compare them and find out.
We’ll compare the features and benefits of the Walmart Visa Prepaid Card and the Walmart Prepaid Debit Card, two popular options for people who want to enjoy the convenience of a card without a bank account or credit check.
We’ll also explain how to use these cards, including how to transfer money from one card to another and how to log in to manage your account.
Finally, we’ll help you decide which card might be better for different types of users, depending on their spending habits and preferences.
Walmart Visa Prepaid Card
The Walmart Visa Prepaid Card is a card that you can load with money and use anywhere Visa debit cards are accepted. You can get this card online or at any Walmart store for $3.
The Walmart Visa Prepaid Card has several features and benefits, such as:
– Cash back rewards:
You can earn up to $75 in cash-back rewards each year by shopping at Walmart. You’ll get 3% cash back at Walmart.com, 2% cash back at Walmart fuel stations, and 1% cash back at Walmart stores. The cashback is credited to your card balance at the end of the reward year and you can redeem it using the website or app.
– Overdraft protection:
You can opt-in for overdraft protection of up to $200 for purchase transactions with eligible direct deposit. This means that if you don’t have enough money on your card to cover a purchase, the card will cover it for you and charge you a $15 fee. You can choose from three coverage levels: $20, $100, or $200.
– **Early direct deposit**: You can get your pay up to 2 days before payday and your benefits up to 4 days before benefits day with early direct deposit. This means that you can access your money sooner and avoid waiting for checks to clear.
– No monthly fee:
You can waive your monthly fee of $5.94 when you direct deposit $500 or more in the previous monthly period. Otherwise, you’ll have to pay the fee every month to keep your account active.
– 2% APY on savings:
You can earn a 2% interest rate on your savings by setting up a separate savings account within your card account. You can transfer money from your card balance to your savings account anytime and earn interest on up to $1,000.
– Accounts for your family:
You can order an account for free for up to 4 additional approved members ages 13+ in the app, with your activated, personalized card. This way, you can share money with your family members easily and securely.
To use the Walmart Visa Prepaid Card, you need to activate it online or by phone and create a new PIN. You also need to verify your identity with your SSN and other information. Then, you can load money onto your card by direct deposit, cash reload at Walmart stores or retailers in the Green Dot network, bank transfer, or mobile check deposit. You can also transfer money from one card to another using the app or website.
To manage your Walmart Visa Prepaid Card account, you can log in to the website or app using your email or phone verification. You can check your balance, view your transactions, pay bills, send money, access your rewards, and more.
Walmart Prepaid Debit Card
The Walmart Prepaid Debit Card is a card that you can load with money and use anywhere Mastercard debit cards are accepted. You can get this card online or at any Walmart store for $1.
The Walmart Prepaid Debit Card has similar features and benefits as the Walmart Visa Prepaid Card, such as:
– Cash back rewards:
You can earn up to $75 in cash-back rewards each year by shopping at Walmart. You’ll get 3% cash back at Walmart.com, 2% cash back at Walmart fuel stations, and 1% cash back at Walmart stores. The cashback is credited to your card balance at the end of the reward year and you can redeem it using the website or app.
– Overdraft protection:
You can opt-in for overdraft protection of up to $200 for purchase transactions with eligible direct deposit. This means that if you don’t have enough money on your card to cover a purchase, the card will cover it for you and charge you a $15 fee. You can choose from three coverage levels: $20, $100, or $200.
– Early direct deposit:
You can get your pay up to 2 days before payday and your benefits up to 4 days before benefits day with early direct deposit. This means that you can access your money sooner and avoid waiting for checks to clear.
– No monthly fee:
You can waive your monthly fee of $5.94 when you direct deposit $500 or more in the previous monthly period. Otherwise, you’ll have to pay the fee every month to keep your account active.
– 2% APY on savings:
You can earn a 2% interest rate on your savings by setting up a separate savings account within your card account. You can transfer money from your card balance to your savings account anytime and earn interest on up to $1,000.
– Accounts for your family:
You can order an account for free for up to 4 additional approved members ages 13+ in the app, with your activated, personalized card. This way, you can share money with your family members easily and securely.
To use the Walmart Prepaid Debit Card, you need to activate it online or by phone and create a new PIN. You also need to verify your identity with your SSN and other information. Then, you can load money onto your card by direct deposit, cash reload at Walmart stores or retailers in the Green Dot network, bank transfer, or mobile check deposit. You can also transfer money from one card to another using the app or website.
To manage your Walmart Prepaid Debit Card account, you can log in to the website or app using your email or phone verification. You can check your balance, view your transactions, pay bills, send money, access your rewards, and more.
Comparison of the Walmart Prepaid Visa Card and the Walmart Prepaid Debit Card
Both the Walmart Visa Prepaid Card and the Walmart Prepaid Debit Card have many similarities, such as:
They are reloadable cards that you can use anywhere Visa or Mastercard debit cards are accepted.
They have cash back rewards for Walmart purchases, overdraft protection with eligible direct deposit, early direct deposit, no monthly fee with direct deposit of $500 or more, and 2% APY on savings and accounts for your family.
They require activation, identity verification, and PIN creation before use. They also have various ways to load money onto the card and transfer money between cards.
They have a website and an app where you can manage your account, check your balance, view your transactions, pay bills, send money, access your rewards, and more.
However, there are also some differences between these two cards, such as:
The Walmart Visa Prepaid Card costs $3 to get while the Walmart Prepaid Debit Card costs $1 to get.
The Walmart Visa Prepaid Card is a Visa card while the Walmart Prepaid Debit Card is a Mastercard card. This means that they might have different acceptance rates or fees at some merchants or ATMs.
The Walmart Visa Prepaid Card has free cash reloads at Walmart stores using the MoneyCard app while the Walmart Prepaid Debit Card does not have this feature. However, both cards have free cash reloads at Walmart checkout using the Rapid Reload service.
Depending on your preferences and needs, you might find one card better than the other. For example:
If you want to save money on the initial cost of the card, you might prefer the Walmart Prepaid Debit Card which costs $1 instead of $3.
If you want to have more options to reload cash onto your card for free, you might prefer the Walmart Visa Prepaid Card which has free cash reloads at Walmart stores using the MoneyCard app in addition to the Rapid Reload service.
If you want to have a wider acceptance rate or lower fees at some merchants or ATMs, you might prefer either the Walmart Visa Prepaid Card or the Walmart Prepaid Debit Card depending on whether they accept Visa or Mastercard better.
In conclusion, both the Walmart Visa Prepaid Card and the Walmart Prepaid Debit Card are convenient and rewarding options for people who want to manage their money without a bank account or credit check.
They have many features and benefits in common, such as cashback rewards for Walmart purchases, overdraft protection with eligible direct deposit, early direct deposit, no monthly fee with direct deposit of $500 or more, and 2% APY on savings and accounts for your family.
They also have some differences, such as the initial cost of the card, the type of card (Visa or Mastercard), and the availability of free cash reloads at Walmart stores using the MoneyCard app.
Depending on your preferences and needs, you might find one card better than the other. However, both cards are great choices for shopping at Walmart and saving money on everyday purchases. In this blog post, we will compare the features and benefits of the Walmart Rewards Card and the Capital One Walmart Rewards Mastercard, and help you decide which one is right for you.
The Walmart Rewards Card is a store credit card that can only be used at Walmart and its affiliates, such as Sam’s Club, Murphy USA, and Walmart.com. The Capital One Walmart Rewards Mastercard is a general-purpose credit card that can be used anywhere Mastercard is accepted, including Walmart and its affiliates. Both cards have no annual fee and offer rewards on every purchase.
The main difference between the two cards is the rewards rate. The Walmart Rewards Card offers 5% cash back on purchases made at Walmart.com, including pickup and delivery; 2% cash back on purchases made in-store at Walmart and its affiliates; and 1% cash back on all other purchases.
The Capital One Walmart Rewards Mastercard offers the same 5% and 2% cash back rates on Walmart purchases but also offers 2% cash back on restaurants and travel, and 1% cash back on everything else.
Another difference is the redemption options. The Walmart Rewards Card allows you to redeem your rewards as a statement credit or as a gift card for Walmart or its affiliates. The Capital One Walmart Rewards Mastercard gives you more flexibility, as you can redeem your rewards as a statement credit, a gift card, a check, or a transfer to another account. You can also use your rewards to pay for purchases at Walmart.com or with PayPal.
Both cards have some additional perks, such as fraud protection, zero liability, and security alerts. The Capital One Walmart Rewards Mastercard also offers extended warranty, price protection, travel accident insurance, and 24/7 concierge service. However, both cards have relatively high-interest rates, so you should pay your balance in full every month to avoid paying interest and fees.
To summarize, the Walmart Rewards Card and the Capital One Walmart Rewards Mastercard are both good options for loyal Walmart shoppers who want to earn cash back on their purchases.
The Walmart Rewards Card is simpler and easier to use but has limited rewards and redemption options. The Capital One Walmart Rewards Mastercard is more versatile and flexible but has more requirements and fees. Ultimately, the best card for you depends on your spending habits, preferences, and goals.
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