When you are looking for powerful financial tools, many people turn to different banks or look for special deals. However, financial apps can give you even more power over your money. Loans come in all shapes and sizes from payday loans to cash advances and many in between. In this case, you’re looking at a quick infusion of cash.
Cash advance apps help you better manage your money, allow you access to quick cash and prevent financial trouble that can sneak up on anyone.
What Is a Cash Advance?
Cash advances help you get the cash you need without the hassle of a loan application, high rates, fees or fast repayment schedules.
Traditionally, cash advances came from credit cards that sent paper checks to customers who needed an advance. However, the advance was only available if you had an available balance on the card from which you could draw.
Where Can You Get a Cash Advance?
Cash advance apps are a great place to look because they generally offer no-interest advances with no fees and simple repayment terms. You can find cash advances in a number of places, including:
- Credit card issuers
- Banks
- Virtual financial platforms
- Lenders
- Cash advance apps
- Finance/budgeting apps
Who Needs Cash Advances?
Everyone can use a cash advance app. The beauty of an instant cash advance in the modern day is that you can obtain your money through the app, use that money instantly and address your financial concerns without waiting for a paper check, credit check or other approvals.
If you are experiencing financial trouble, you can use a cash advance for:
- Gas
- Groceries
- Unexpected repairs
- Medical emergencies
- Important medications
- School field trips and much more
- Prizes & Features
About MoneyLion
MoneyLion is a digital financial platform focused on the average consumer. The platform operates with a simple mantra: helping the 99% feel 100% about their finances.
With that in mind, MoneyLion offers cash advances and a range of other financial tools, including:
- Financial tracking tools and calculators
- Credit builder loans
- Investment and crypto accounts
- Mobile banking
- Buy now pay later
- Get paid early with RoarMoneySM
- No hidden fees
- Cashback rewards
Frequently Asked Questions
Where can I borrow money ASAP?
You can borrow money quickly from a credit card issuer or financial platform. There are also short-term loan products, but those financial tools often include increased interest rates and fees. Cash advance apps are also helpful as they offer basic financial services, focusing on easy-to-manage cash advances or loans.
How do cash advances work?
Cash advances offer small infusions of cash, often from a digital financial platform or credit card issuer.
About Patton Hunnicutt
Patton Hunnicutt is a contributor and editor at Benzinga. He’s worked for several years on financial content, addressing issues related to personal finance, investments, retirement, and more.