Debit Cards
Walmart MoneyCard® Review: Cashback is in the house!
Discover the ins and outs of the Walmart MoneyCard®. This reloadable checking account offers cashback on Walmart purchases, overdraft protection, and a competitive 2% APY on savings.
Advertisement
Walmart MoneyCard®: Possibly free, certainly advantageous!
Once you have your Walmart MoneyCard® in hand, you’ll understand why so many Americans request this card daily. Follow along in this comprehensive review.
Apply for Walmart MoneyCard®: Up to 3% cash back
Apply for the Walmart MoneyCard® hassle-free and enjoy a cashback experience! Discover how to escape annual fees!
We’ve examined all aspects of this card and the associated account. Make sure to use this resource to access useful information. A straightforward yet impactful card!
| Credit Score | No required; |
| Annual Fee | $5,94 per month – the fee can be waived when you make $500+ in direct deposits in the previous monthly period; |
| Purchase APR | 0%; |
| Cash Advance APR | 0%; |
| Welcome Bonus | N/A; |
| Rewards | Earn up to 3% cash back at Walmart stores (up to $75 per year). |
Advertisement
The ins and outs of the Walmart MoneyCard®
More than just a card. It’s an account with everything you really need. Plus, enjoy the possibility of an annual fee waiver and cashback within the Walmart network.
The Walmart MoneyCard® is actually the tool for a reloadable checking account. This means you can deposit money into it, make purchases, and withdraw cash.
And furthermore, you gain access to various benefits. The primary one might be the refunds on purchases within the Walmart network. Also, have an ATM network at your disposal.
On the other hand, there are some limitations. Your monthly transactions will be limited to a specified amount as outlined in the contract. Pay attention to this. Also, consider the fees.
The key here is whether you’re a loyal Walmart customer or not. If you are, congratulations, this is your review. But if you’re not, then perhaps it may not be your cup of tea. Either way, it’s worth getting to know it.
Walmart MoneyCard®: is it worth it?
An easy way to decide if a card is right for you. Compare the benefits and drawbacks side by side. This way, in a clear manner, you’ll know if it’s what you’re looking for in this review.
Advertisement
Pros
- Earn cashback on Walmart purchases: Attention to the gold in this review. The Walmart MoneyCard® offers a 3% cashback on purchases made on the official Walmart website. Also, earn 2% cashback when refueling your vehicle at Walmart’s fuel network. Additionally, get 1% cashback every time you shop at one of the numerous Walmart physical stores scattered throughout the country.
- Advance Direct Deposit: A special advantage if you need money earlier in the month. For instance, if you need to pay a bill or make a large purchase, this benefit can make all the difference. Count on this option!
- Overdraft protection up to $200 with opt-in: This feature allows you to withdraw money from your account even if you don’t have a sufficient balance. This is possible because the Walmart MoneyCard® covers up to $200 in overdraft withdrawals for eligible customers.
Cons
- Cash deposit fee: You will pay a fee of up to $4.95 for each cash deposit you make into your checking account.
- Be aware of some fees: Every time you use the overdraft, there will be a $15 overdraft fee. There is also a monthly limit for using this feature.
- Attention when using your Walmart MoneyCard® outside the U.S.: A 3% fee will be charged for each transaction made in foreign currency.
- Taxa de card replacement: Once you need to request a new Walmart MoneyCard®, you will pay a fee of $15. If you consider that you are paying to continue a service you already have, it can be somewhat uncomfortable.
Advertisement
Credit score requirements for card application
Walmart does not publicly disclose this information. It is challenging to confidently say what FICO credit score is required to open a Walmart MoneyCard® account.
We understand that this may be disappointing for you. Often, that’s precisely what you are looking for in this review. But don’t lose hope!
It is possible to make some assumptions based on the features of the Walmart MoneyCard®. Our team has reviewed this information, and here’s a verdict.
Therefore, the minimum required credit score to open a Walmart MoneyCard® account is at least 600. But don’t be discouraged if you don’t already have that score.
However, it is possible that the company accepts customers with lower credit scores, provided they have a stable work history and can afford the reload fee.
Ready to apply? Here’s how to get the Walmart MoneyCard®
Discover how to proceed with the next steps. A guide crafted with all the details and special tips. Make the application process straightforward. Here’s our suggestion!
Apply for Walmart MoneyCard®: Up to 3% cash back
Apply for the Walmart MoneyCard® hassle-free and enjoy a cashback experience! Discover how to escape annual fees!
Trending Topics
650 Credit Score: Is It Good? A Guide to Credit Health
Find out if 650 is a good credit score and what type of loans and credit cards you can get with this three-digit number in your hands!
Keep Reading
Apply for the Aspire® Cash Back Reward Card: Wide Acceptance
Learn how to apply for the Aspire® Cash Back Reward Card to earn high cash back on essentials categories and easy credit score access.
Keep Reading
Unique Platinum Review: $1000 limit, no credit check!
The Unique Platinum card will not review your credit history to give you a $1000 credit line. Quick and simple!
Keep ReadingYou may also like
What Is a Credit Score? An In-Depth Overview
Even if you don't know what a credit score is, it's already affecting your life. It's best to learn about it in this special article!
Keep Reading
Apply for OpenSky® Secured Visa® Credit Card: build credit
Learn how to apply for the OpenSky® Secured Visa® Credit Card with a $200 security deposit and get a chance to rebuild your credit score.
Keep Reading
Apply for Mission Lane Visa® Credit Card: for all types of credit
Learn how to apply for your Mission Lane Visa® Credit Card without fear of credit checks! We’ll tell you how to do it in this post!
Keep Reading