Card Review & Application

4.5

out of 5

- Waive your monthly fee when you direct deposit $500+ in the previous monthly period. Otherwise, $5.94 a month.*
- Earn 3% cash back at Walmart, 2% cash back at Walmart fuel stations, & 1% cash back at Walmart stores, up to $75 each year.*
- Earn $5 when you deposit $50 to a family account
- Earn a 2% interest rate on up to a $1,000 balance in your savings account. Plus, get chances to win cash prizes each month!*
- Get peace of mind with three coverage levels, up to $200, for purchase transactions with opt-in & eligible direct deposit.*
- *Please see the site for full terms and conditions.



Introductory APR: N/A*
Introductory Period: N/A
APR on Purchases: 0.00% (fixed)*
Annual Fee: See Terms*
Card Issuer: Green Dot Bank
Card Network: Mastercard®
Card Category: Consumer (Stored Value)
Card Type: - Card for Bad Credit
- Co-Branded
- Debit Card
- EMV Chip
- Instant Decision
- Intro Bonus
- Tax Refund
- Reward Card
Credit Needed: Bad Credit OK*

Whether or not you like credit cards you cannot deny their importance these days. From efficient register processing to online purchases it just seems that you have to have some kind of plastic money. Fortunately, though, for people who prefer to avoid credit or may have trouble with it, the Walmart MoneyCard MasterCard Prepaid Card is available to help you.

Before learning what specific benefits this card offers you it is important to understand the difference between a credit card and a prepaid debit card. Both allow you to pay for products and services that you use without using cash. Obviously, you can use them both online too, which is a tremendous advantage over being a cash-only consumer.

Prepaid debit cards are different from credit cards, though, in that they do not have interest rates and penalty fees. While most debit cards charge a few fees, it is quite likely that these fees will be significantly lower than what you could pay with a credit card. Because of the "prepaid" aspect, you will never go over your limit either.

Most prepaid debit cards also offer a few other benefits. This could include things like no credit check, which is extremely important to people who may have faced credit issues in the past. You are also not required to have a bank account and you can use your card anywhere in the world where MasterCard (in this case) is accepted.

Prepaid cards are reloadable at your leisure too, so you don't have to make payments on a schedule like a credit card. This means that you can use it at your favorite restaurants and stores or make an airline or hotel reservation when they require a credit card.

MasterCard-supported prepaid debit cards also have the security of MasterCard Zero Liability insurance (which is basically the same thing as the program offered by debit cards backed by Visa). This protects you from having to pay for unauthorized charges in the event that your card is lost or stolen.

Similarly, you can rest assured that you will continue to have peace of mind when you submit your information online; after all, fraud and identity theft are common problems these days. If you want to monitor your account yourself, you can also take advantage of e-mail and SMS text message alerts that let you know when your card is processing, when purchases have been made, or when a payment is due.

This Walmart-affiliated prepaid MasterCard, though, offers you a few more benefits. First of all, you'll appreciate that there are no fees for purchases. This is different from some cards that charge you per transaction, often up to a limit. Some prepaid debit cards charge a fee to add money to your account, but you can avoid that fee when you deposit your payroll or government check into your account either in person at a Walmart store or using the Direct Deposit option.


The review prepared by . Opinions expressed therein are solely those of the reviewer.

Reward Types: - Cash Back Rewards
- Gas Rewards
- Other Rewards
Reward Unit: Cash
Rewards: - 3% cash back at Walmart
- 2% cash back at Walmart fuel stations
- 1% cash back at Walmart stores
Expiration: None*
Yearly Limit: None
Other Benefits: - Online related services
- Safer than Cash
- Easy to get, use and reload
- Optional Green Dot MoneyPak
*See Terms and Conditions for other benefits
Online Account Access: Yes
Introductory APR: N/A*
Introductory Period: N/A*
APR on Purchases: 0.00% (fixed)*
Annual Fee: See Terms*
Grace Period: N/A*
Late Payment Fee: N/A*
Balance Transfer: No
Opening Minimum: $1.00
Application Fee: $0.00
ATM Fee: $2.50
Additional Fees Activation Fee: $0
Direct Deposit Fee: $0
Monthly Fee: $0 with eligible direct deposit
Apply Now


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* The information provided for Walmart MoneyCard® is believed to be accurate at the time of evaluation (Aug 18, 2022). We strongly advise visitors to review the terms and conditions to verify accuracy of the information and fees posted prior to applying for the product.




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