What's the Cost of a Walmart Visa Gift Card?

What's the Cost of a Walmart Visa Gift Card?

Walmart Visa Gift Cards are a popular choice for gift giving as they allow the recipient to choose what they want to purchase. However, before purchasing a Walmart Visa Gift Card, it is important to understand the cost associated with it.

Activation Fee

When purchasing a Walmart Visa Gift Card, there is anactivation feeof $5.95 for cards with a value of $25 or less, and $6.95 for cards with a value between $25.01 and $500. This fee is paid at the time of purchase and is non-refundable.

Maintenance Fee

If the Walmart Visa Gift Card is not used within the first 12 months after purchase, amaintenance feeof $4.95 per month will be charged until the balance reaches zero or the card is used again. It is important to note that this fee only applies to unused cards after the first year.

Reload Fee

If the recipient wants to add more money to their Walmart Visa Gift Card, areload feeof $3.95 will be charged. This fee is only charged when the card is reloaded and not when it is initially purchased.

Foreign Transaction Fee

If the Walmart Visa Gift Card is used outside of the United States, aforeign transaction feeof 3% will be charged for each transaction. This fee is charged by the card network and not by Walmart.

Inactivity Fee

If the Walmart Visa Gift Card has a balance and is not used for 12 consecutive months, an inactivity fee of $5.00 per month will be charged until the balance reaches zero or the card is used again.

Conclusion

In summary, the cost of a Walmart Visa Gift Card includes an activation fee, maintenance fee, reload fee, foreign transaction fee, and inactivity fee. It is important to consider these fees before purchasing a Walmart Visa Gift Card to ensure that it is the best option for your gift giving needs.

Tips for Applying for Credit Cards

When applying for credit cards, it is important to read the terms and conditions carefully to understand the fees associated with the card. It is also important to apply for cards that fit your spending habits and offer rewards or cash back that will benefit you. Additionally, it is important to make payments on time and avoid carrying a balance to avoid interest charges and potential damage to your credit score.

Credit Card Savings Tips

To save money with credit cards, consider cards with no annual fee and rewards or cash back for purchases you make frequently. Take advantage of introductory offers such as 0% APR on purchases or balance transfers. It is also important to pay off your balance in full each month to avoid interest charges.

Annual Fees and Risk Avoidance

When considering credit cards with annual fees, make sure the rewards and benefits outweigh the cost of the fee. It is also important to avoid carrying a balance on these cards to avoid interest charges. To avoid risk, it is important to monitor your credit card statements for fraudulent activity and report any suspicious charges immediately.

Recommended Credit Card Companies

Some popular credit card companies include Chase, American Express, and Capital One. These companies offer a variety of cards with different benefits and rewards to fit your financial needs. It is important to research and compare different options before applying for a credit card.