Walmart MoneyCard review

The card charges a monthly fee of $5.94. Because it is a prepaid card, that charge sits on the account rather than on a single purchase. Cashback of 1% to 3% claws part of it back when you shop at Walmart, so the fee bites hardest when you rarely use the card.

Eligible purchases earn cashback of 1% to 3%, so the reward follows how often you use the card rather than how much you keep on it. The $5.94 monthly fee still applies, which means the cashback covers part of the cost for a frequent shopper and less for occasional use.

It is a prepaid card, so the balance is the amount you load and spend from, and each load is available straight away. That makes the card easy to cap for a shopper who wants a single market and a 1% to 3% reward rather than a wide spending account.

Support runs on chat and help centre only, so both listed routes are written: you can raise a question in chat and keep the answer for reference. Questions about a prepaid card balance, or a purchase on the mastercard network, fit that format well.

The card is a prepaid card. It spends from a balance you load instead of tracking a bank account that moves with income. For a shopper who wants a fixed ceiling on card spending, that behaviour is the point rather than a drawback.

It runs on the mastercard network, so it is accepted wherever that card is taken, in store and online. Paired with cashback of 1% to 3% on eligible spend, the network is what makes a Walmart-centred card usable for ordinary shopping.

It suits shoppers who already spend at Walmart and want 1% to 3% cashback on that spending, and anyone who prefers to load a fixed amount and spend from it. A reader after a general spending account would pay the $5.94 fee for a narrower card.

The $5.94 monthly fee is the whole cost story. Monzo Flex charges £0, Wise charges £0 and Bitpanda charges €0, so those cards come free, and Walmart MoneyCard asks for the difference each month.