Walmart MoneyCard Review: Rewards, Benefits, and More

Updated: Dec 30, 2023

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Discover the perks of the Walmart MoneyCard for avid Walmart shoppers, and learn how to maximize your cash-back rewards and benefits.

The Walmart MoneyCard is a stellar option for Walmart enthusiasts, providing appealing rewards and benefits. This prepaid card is a fantastic choice, even if you’re unable to eliminate the monthly fee. Prepaid cards serve as a practical substitute for credit cards or bank accounts, and each card comes with its distinctive set of advantages.

Discover the Walmart MoneyCard – a powerful tool designed to enhance your shopping experience at Walmart. With cash-back rewards and additional perks, this prepaid card offers valuable benefits for avid Walmart shoppers.

Walmart MoneyCard Review

We examined several prepaid cards and discovered that the Walmart Money Visa Card is the prime selection for Walmart shoppers and families looking to maximize cash-back rewards on everyday products and gas. In this review article, we’ll discuss the unique rewards, benefits, and fees associated with the Walmart MoneyCard. (See the end of the article for more information on our methodology.)

Walmart MoneyCard Review

Walmart Visa MoneyCard is a prepaid card designed for Walmart shoppers, offering cash-back rewards on eligible purchases made at Walmart stores,, and Walmart fuel stations. It also allows users to earn 2% annual interest on up to $1,000 in savings, making it an attractive option for those without a traditional savings account.

Funding Your Card

Add funds to your card without charge using mobile check deposits in the app or by linking your paycheck direct deposits to your account. The same principle applies to transfers from an existing bank account.

For cash, take advantage of free reloads at Walmart stores with the MoneyCard app. Cash reload fees at other locations can be up to $5.95. Checks cashed at Walmart stores are deposited into your account for free, although this service isn’t available everywhere.

Your account can hold a maximum balance of $10,000.

Perks and Rewards

Receive 3% cash back on eligible Walmart purchases on and the Walmart app, 2% cash back at Walmart fuel stations, and 1% cash back at Walmart stores, with a yearly cap of $75.

Furthermore, earn 2% annual interest on up to $1,000 in your savings account. Users can also win one of 1,000 monthly prizes by depositing money into their connected savings account.

The Walmart MoneyCard’s ASAP Direct Deposit program grants users the opportunity to access their paycheck up to two days before payday and their benefits up to four days before they’re due (eligibility restrictions apply).

Claiming Rewards

The reward redemption process with this card could be better. Similar to the Costco Anywhere Visa® Card by Citi, you’ll receive your rewards credited to your account annually. Once the cash back is added to your balance, you can utilize it as you would with any other deposit, providing you with more flexibility in your spending options.

Associated Costs

A $1 fee is required to open a Walmart prepaid card, and a $5.94 monthly fee is necessary to maintain the account. The monthly fee is waived when you deposit $500 or more into your card each month, excluding person-to-person transfers.

Using the card outside the U.S. results in a 3% fee on the dollar amount of each transaction. (See no FX fees card offers)

The card imposes a $2.50 ATM withdrawal fee and a $0.50 ATM balance inquiry fee. A $2.50 withdrawal fee is also applied when using participating banks. Users can withdraw cash without additional charges from Walmart MoneyCenters and Customer Service desks.

This card doesn’t charge overdraft fees. A pack of 12 checks costs $5.95.

Understanding Family Accounts

Once you’ve activated your card, you can add up to four family accounts to your Walmart MoneyCard account. Each family member must be a US citizen or legal resident and at least 13 years old. Keep in mind that you are responsible for any family accounts you create.

To add family cardmembers, your card must be activated and in good standing. Cardholders are required to provide personal information, including their name, date of birth, email address, and Social Security number.

Family accounts maintain separate balances from the primary account holder, and they are not eligible for overdraft protection. If a family account ends up with a negative balance, Walmart may recover the deficit from the primary account, another family account, or the optional savings account.

How to Obtain Your Walmart MoneyCard

Securing this card is quite simple, and it can be done either online or in-store at Walmart locations nationwide. To purchase the card in-store, visit the customer service desk, buy the card for a one-time fee of $1, and load it with at least $20 in cash.

For an even more convenient option, apply for the card online. Click the “apply now” button on this page, submit your personal information, and create an account. During the application process, you’ll need to provide a mix of the following details:

  • Name
  • Address
  • Date of birth
  • Social Security Number (SSN)
  • Contact information (email, phone number)
  • IRS tax form W-9 (for financial verification)

By following these easy steps, you’ll soon have your card, granting you access to cash-back rewards and additional benefits while shopping at Walmart.

Is the Walmart MoneyCard Right for You?

For those who qualify for a credit card, it’s generally recommended to explore that option instead. The Walmart MoneyCard falls short in terms of rewards-earning potential, as it only allows you to earn rewards at Walmart, has a low rewards cap, and distributes rewards once a year. Moreover, it’s a prepaid card, so it doesn’t contribute to building credit since your activity isn’t reported to credit bureaus.

However, the card does have its advantages, such as easy accessibility and versatility for individuals without a traditional bank account. The ASAP Direct Deposit program also enables cardholders to receive paychecks and government assistance a few days early. While this card from Walmart can be a valuable budgeting and money-saving tool for some, it may not provide significant rewards-earning benefits for most people.

If you’re specifically interested in a card for Walmart use, consider the Walmart Rewards Card, which offers 5x rewards on and 2x rewards in-store and at Walmart gas stations (including Murphy USA locations). For more extensive grocery store purchases, there are numerous cards available that offer rewards on groceries.

Bottom Line

The Walmart MoneyCard presents an opportunity for Walmart shoppers to enjoy cash back and rewards. The mobile app (Apple Store) allows users to track their spending and makes it convenient to review transactions and top up the card at no extra cost.

Some fees are associated with this card, but depositing over $1,000 each month and withdrawing cash at Walmart MoneyCenters and Customer Service desks can help you avoid them.

Walmart shoppers should also consider the NetSpend Visa Prepaid Card (Classic), which has an opening fee that varies by the retailer, monthly fees, and no foreign transaction fees. You can reload the NetSpend Visa card for a fee at any participating Walmart or other reload locations.

Users can obtain up to 4 Walmart MoneyCards for family members aged 13 and older. However, if you’re searching for a prepaid card specifically designed for families, the Greenlight Debit Card or FamZoo Prepaid Card is worth considering. With the ability to control kids’ spending, set up automatic recurring transfers, and lock/unlock cards, these 2 cards are perfect for teaching children about financial responsibility.

Frequently Asked Questions


We assessed and compared 9 prepaid cards to identify the best options for individuals and families seeking an alternative to credit cards and debit cards for managing their finances. In ranking the top prepaid cards, we focused on these features:

  • Monthly fees under $10
  • A variety of methods to add funds
  • Card opening fee of $5 or less, or even better if you can get the card online for free
  • Perks, such as rewards and free family accounts
  • User-friendliness
  • Mobile app

Keep in mind that while prepaid cards offer an alternative to credit and debit, they do not contribute to building credit. To establish a credit history, use a credit card responsibly, paying bills on time and in full every month. If you’re looking for an easy way to deposit and withdraw money for daily transactions, consider opening a checking account with a linked debit card to avoid ATM fees.


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