How to apply for a Walmart MoneyCard?
Looking to get a Walmart MoneyCard as a Walmart buyer? Read our article to learn how to apply!
The Walmart MoneyCard: A Convenient and Safe Way to Make Purchases
If you’re looking for a convenient and safe way to make purchases online, then the Walmart MoneyCard is the perfect solution for you. As a reloadable prepaid debit card, it can be used anywhere that accepts MasterCard or Visa debit cards.
One of the key advantages of using a prepaid debit card is that it helps you avoid using credit and spending beyond your means. With a prepaid card, you can only make purchases using the funds that have been loaded onto the card. It’s a great alternative for those who want to avoid the risks associated with using cash and establish healthy spending habits.
In addition to its convenience and safety, the Walmart MoneyCard also offers added features to enhance your financial management. With a mobile app, you can easily deposit checks and transfer money. Plus, it comes with FDIC insurance to protect your savings in case of any unforeseen circumstances.
Who Can Apply for a Walmart MoneyCard?
To apply for a Walmart MoneyCard, you must be 18 years of age or older. The application process requires online access and identity verification, including your social security number. You will also need a mobile app or mobile authentication to access the full capabilities of the card.
Once you have activated your Walmart MoneyCard, you can extend the benefits to your family members by granting them access to the card. Up to 13 additional people can be added to your account, making it a convenient option for managing family finances.
How to Apply for a Walmart MoneyCard
Getting a Walmart MoneyCard is a simple process. You can order one from the Walmart MoneyCard website, and it will be delivered to you within two weeks. Alternatively, you can purchase a card at any Walmart location to skip the waiting period.
After obtaining the card, you will need to register it and create your account either through the Walmart website or the account app. Once your account is set up, you can easily obtain your account and routing number by texting “DD” to 37267, accessing the app or online account, or contacting Cardholder Customer Service.
Is the Walmart MoneyCard Worth It?
For regular Walmart customers, the Walmart MoneyCard offers a range of benefits that make it a worthwhile choice. Along with easy access to a high-yield savings account, you can receive up to $75 in cash-back incentives annually and have the option for overdraft protection.
This prepaid debit card is particularly beneficial for those who don’t have bank accounts or credit cards. It allows you to carry out various financial tasks without the risk of accumulating debt or facing overdraft penalties.
Walmart MoneyCard vs Milestone Mastercard
If you’re looking for a credit-building option, the Milestone Mastercard is a great choice. It focuses on helping you rebuild your credit score. On the other hand, if you want to maximize benefits and cashback specifically at Walmart, the Walmart MoneyCard is the better option.
Benefits of the Walmart MoneyCard
- Early direct deposit: Receive your benefits and salary up to four days and two days earlier, respectively.
- Savings account: The app’s savings account allows you to save money for future expenses and earn an extra 2% APY on your savings up to $1,000.
- Convenient account management: Easily manage your accounts through the MoneyCard app without the need to visit a bank.
- No monthly fee: If you have made at least $500 in direct deposits the previous month, you won’t be charged a monthly fee. Otherwise, the fee is $5.94 per month.
Benefits of the Milestone Mastercard
- No security deposit required: Unlike other credit cards, the Milestone Mastercard doesn’t require a security deposit, making it accessible to a wider range of customers.
- Build credit history: Your credit activity with the Milestone Mastercard gets reported to the three major credit bureaus, helping you establish or improve your credit history.
- Quick prequalification: Prequalifying for the Milestone Mastercard is easy and doesn’t impact your credit score. It allows you to compare offers and find the best credit card for your needs.
How to Apply for a Milestone Mastercard?
If you’re interested in applying for a Milestone Mastercard credit card, you can find detailed information on the application process in our dedicated article.
