8 Cash Advance Apps That Work With Chime (Best Options)

Unexpected expenses can pop up when you least expect them, and sometimes you need a quick solution to cover those costs. That’s where cash advance apps come into play. If you’re a Chime user, you’re in luck because there are several cash advance apps that work seamlessly with your Chime account.

In this blog post, we’ll explore eight of the best cash advance apps that are compatible with Chime. These apps offer a lifeline when you’re short on cash and provide a hassle-free way to access the funds you need, all while working in harmony with your Chime banking setup.

Whether it’s for emergency car repairs, medical bills, or simply bridging the gap until your next paycheck, these cash advance apps can be a financial game-changer. Join us as we dive into the world of convenient financial solutions that can ease your financial worries.

8 Cash Advance Apps that Work with Chime

Here is a detailed overview of the 8 cash advance apps that work with Chime in 2023:

1. Albert

Albert is a free money management app that offers cash advances of up to $250, depending on your income. There are no processing fees, but you can pay $4.99 for instant delivery. Albert also offers a premium service, Albert Genius, for $8/month. Albert Genius members get access to additional features, such as unlimited cash advances, personalized financial advice, and budgeting tools.

2. Cleo

Cleo is a virtual assistant that helps you manage your finances. It also offers cash advances of up to $100. There is a $5 fee for each advance. Cleo uses machine learning to analyze your spending habits and provide you with personalized financial advice. It can also help you set budgeting goals and track your progress.

3. Empower

Empower is a financial wellness platform that offers cash advances of up to $200. There is a $2.99 fee for each advance. Empower also offers other financial products and services, such as credit building tools, investment advice, and tax preparation.

4. Varo

Varo is a neobank that offers cash advances of up to $100 to qualifying customers. There is a $5 fee for each advance. Varo also offers other banking services, such as checking and savings accounts, debit cards, and bill pay.

Read Also: What is Chime and How Does It Work?

5. MoneyLion

MoneyLion is a financial technology company that offers a variety of financial products and services, including cash advances, credit building tools, investment advice, and insurance. MoneyLion offers cash advances of up to $250. There is a $4.99 fee for each advance.

6. Dave

Dave is a banking app that offers cash advances of up to $500. There is a $1 monthly subscription fee to use the app, and there is a $7.99 fee for each advance. Dave also offers other banking services, such as checking and savings accounts, debit cards, and bill pay.

Read Also: Where Can I Load My Chime Card? Here’s Where and How

7. Branch

Branch is a cash advance app that offers advances of up to $150. There is a $2.99 fee for each advance. Branch also offers other financial products and services, such as credit building tools and identity theft protection.

8. Klover

Klover is a cash advance app that offers advances of up to $100. There is a $5 fee for each advance. Klover also offers other financial products and services, such as credit monitoring and budgeting tools.

Which cash advance app is right for you depends on your individual needs and financial situation. Be sure to compare the different apps carefully before choosing one.

Factors to Consider When Choosing a Cash advance App:

• Repayment terms: How long do you have to repay the advance?
• Interest rates: Are there any interest charges associated with the advance?
• Late fees: What happens if you miss a payment?
• Eligibility requirements: Do you meet the app’s eligibility requirements?

It’s also important to note that cash advance apps should only be used as a last resort. They can be a helpful way to get quick cash when you need it, but they can also be expensive and addictive. If you find yourself relying on cash advance apps to make ends meet, it’s important to seek professional financial help.

$100 Instant Loan App Works With Chime

There are a few instant loan apps that work with Chime. Here are the two most popular options:

• Klover is a cash advance app that offers advances of up to $100. There is a $5 fee for each advance. Klover also offers other financial products and services, such as credit monitoring and budgeting tools.
• Cleo is a virtual assistant that helps you manage your finances. It also offers cash advances of up to $100. There is a $5 fee for each advance. Cleo uses machine learning to analyze your spending habits and provide you with personalized financial advice. It can also help you set budgeting goals and track your progress.

To use these apps, you must create an account and link it to your Chime account. After your account is approved, you can request an advance, and the funds will be deposited into your Chime account in a matter of minutes.

You will need to repay the advance within a certain period of time, typically 2 weeks. If you do not repay the advance on time, you will be charged a late fee.

It is important to note that these apps are not traditional loans. They are cash advances, which means that you will not be building credit by using them. However, they can be a helpful way to get quick cash when you need it.

How to Borrow $200 From Chime?

There are two ways to borrow $200 from Chime:

1. Use Chime SpotMe

Chime SpotMe is a fee-free overdraft protection feature that allows you to overdraft your Chime account up to $200 without incurring any overdraft fees. To qualify for Chime SpotMe, you must receive a direct deposit of at least $200 into your Chime account each month.

To use Chime SpotMe, simply make a purchase or withdraw cash from your Chime account that exceeds your current balance. Chime will automatically spot you the money you need to cover the purchase or withdrawal.

You will need to repay your SpotMe balance within your next pay period. If you do not repay your balance on time, you will be charged interest.

2. Use a Cash Advance App

There are a number of cash advance apps that work with Chime. These apps can provide you with a quick cash advance of up to $200. However, it is important to note that these apps typically charge fees and high interest rates.

To use a cash advance app, you will need to create an account and connect your Chime account. Once your account is approved, you can request an advance. The money will be deposited into your Chime account within minutes.

You will need to repay the advance within a certain period of time, typically 2 weeks. If you do not repay the advance on time, you will be charged a late fee.

Which Option is Right For You?

If you need to borrow $200 quickly and can afford to repay it within your next pay period, Chime SpotMe is a good option. There are no fees associated with using Chime SpotMe, and you will not be charged interest unless you do not repay your balance on time.

If you need to borrow $200 and cannot repay it within your next pay period, a cash advance app may be an option for you. However, it is important to compare the fees and terms of different apps before choosing one. You should also be aware of the potential risks of using cash advance apps, such as the possibility of addiction.

Does Chime Work with Any Cash Apps?

Yes, Chime works with most cash apps, including:

• Venmo
• PayPal
• Cash App
• Zelle
• Albert
• Empower
• MoneyLion
• Varo
• Branch
• Klover

To use a cash app with Chime, you will need to link your Chime account to the cash app. Once your account is linked, you can send and receive money from other users of the cash app.

It is important to note that some cash apps may charge fees for sending and receiving money. You should also be aware of the potential risks of using cash apps, such as the possibility of fraud.

Does Earnin it Work with Chime?

Yes, Earnin works with Chime, but only for a small number of users. Earnin is a cash advance app that allows users to borrow a small amount of money against their upcoming paycheck. Earnin determines users’ pay schedule by connecting to their bank account. In order to use Earnin, users must have a regular paycheck and receive direct deposits into their bank account.

Chime is a neobank that offers online-only banking services. Chime users receive their paychecks up to two days earlier than the scheduled payday. This can cause problems for Earnin, as it needs to know the user’s exact pay schedule in order to determine how much money they can borrow.

Earnin is currently testing new ways to support Chime users. In the meantime, Chime users who are interested in using Earnin can sign up for the waitlist.

Conclusion

If you use Chime and find yourself in need of some extra money, there are several good cash advance apps out there to consider. We’ve covered eight of the top options, each with its own perks.

Just remember, these apps are like financial tools – they can be really handy, but you should be careful when using them. Borrow only what you truly need and can pay back comfortably. Keep an eye on the fees and interest rates, as they can add up fast.

Don’t forget that while these apps can help in a pinch, they shouldn’t be your main financial plan. It’s important to save for the future and make smart money choices. Cash advance apps should be a backup plan when unexpected expenses pop up.

The best app for you depends on your situation and what you prefer. Take your time to look into each one and pick the one that works best for you. When used responsibly, these apps can be a useful way to deal with financial surprises and keep your finances on track.