**7 Top Cash Advance Applications Similar to Empower for Small Loans**
You might already know *Empower*, the highly regarded application that allows its users to obtain cash advances without fees up to $250, with no credit checks required. For a nominal fee, you can choose instant cash deposits rather than waiting several business days.
Gig and freelance workers often favor *Empower* because it provides cash advances to those in non-traditional employment.
If you’re on the lookout for other options, there are plenty of apps like *Empower* that could provide larger loan amounts, adaptable repayment options, and helpful financial management features.
## 7 Top Apps Like Empower
Here are several notable alternatives to *Empower* that you might want to explore:
### 1. **Chime**
– **Ideal for:** Immediate Access to Funds
– *Chime* is a widely used financial application primarily recognized for its checking account offerings. Additionally, it features a program named **SpotMe** that lets users overdraw their accounts by up to $200 without facing overdraft charges.
– *Chime* further boasts no monthly maintenance fees and offers benefits such as fee-free ATM usage and early access to paychecks (up to 2 days with direct deposit).
– To utilize *Chime’s* cash advance service, users must hold a *Chime* account.
### 2. **Dave**
– **Ideal for:** Affordable Services
– *Dave* enables users to obtain advances up to $500, devoid of interest or credit checks, as long as it is settled by the following payday.
– The app has a mere $1 monthly fee (compared to *Empower’s* $8) and presents additional attributes like budgeting tools, overdraft protection notifications, and automatic bill payment reminders.
### 3. **Varo**
– **Ideal for:** Adjustable Repayment Options
– *Varo* offers a simple banking app that includes savings and checking accounts. It facilitates cash advances from $20 to $250 without interest, allowing users to repay the advance within 30 days.
– Advances below $50 are complimentary, while larger amounts incur fees between $4 and $15. Over time, users may gain access to increased cash advance limits with a favorable repayment history.
### 4. **MoneyLion**
– **Ideal for:** Significant Cash Advances
– *MoneyLion* serves as a comprehensive fintech application that provides low-interest personal loans alongside cash advances, budgeting features, credit score tracking, and personal finance analytics.
– The app’s **Instacash** functionality permits users to borrow up to $1,000, dependent on their account type and direct deposit activity.
### 5. **EarnIn**
– **Ideal for:** Early Wage Access
– *EarnIn* syncs with your bank and work hours to grant you access to earnings you’ve accrued, capped at $750 per pay period (or $100 daily).
– The application imposes no subscription fees or interest, and while tipping is optional, the app encourages reasonable tips. Instant transfers have a small fee (generally ranging from $3.99 to $4.99).
### 6. **Brigit**
– **Ideal for:** Preventing Overdraft Charges
– *Brigit* offers cash advances up to $250 and specifically assists users in avoiding overdraft charges, with fund delivery within minutes for premium subscribers.
– The app comes with a cost of $8.99/month for *Plus* members. Additionally, *Brigit* provides credit-builder loans aimed at helping users enhance their credit scores over time.
### 7. **Cleo**
– **Ideal for:** AI-Enhanced Financial Support
– *Cleo* employs AI technology to assist with budgeting, saving, and spending. For those needing a minor cash advance, *Cleo* allows up to $250 monthly through its *Cleo Plus* subscription ($5.99/month), along with additional budgeting and financial health resources.
– There’s also a $15.99/month *Cleo Builder* subscription designed for users wanting to boost their credit ratings.
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## Advantages and Disadvantages of Cash Advance Applications
While cash advance applications like *Empower* provide a convenient substitute for payday loans, they possess their own set of strengths and weaknesses.
### Advantages
– Rapid access to funds without interest or credit evaluations.
– Avert overdrafts and assist in managing emergencies.
– Far more affordable than payday loans (interest rates on payday loans can surpass 450%).
– Usually do not negatively impact your credit score.
### Disadvantages
– Monthly subscription fees ranging from $1 to $18.
– Additional costs for expedited access to funds.
– Potential for becoming reliant on small cash advances.
– Loan amounts might be constrained for individuals with lower credit or income levels.
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## Alternatives to Cash Advance Applications
If you would rather avoid linking your bank account to a third-party app, consider these alternatives:
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