No pre-established line of credit is associated with a Walmart MoneyCard account; therefore, you will need to load funds into the card before making purchases. Consequently, you’ll be able to use this as a debit card and still earn rewards, which is one of the reasons why this card can be so good!

The application process to get the Walmart MoneyCard does not run a credit check. However, you cannot increase your credit score while using the card because the card needs to share account information with the major credit bureaus.

Monthly fees are not applicable if you have received at least $500 in payroll or government benefits via direct deposit in the prior monthly statement period. The standard monthly fee is $5.94, regardless of the situation. The first monthly fee will be charged on the day of your first use if it is less than 90 days after your card was purchased.