What is Empower?
Empower is a financial technology company that provides instant cash advances, a line of credit, and other financial management tools to help individuals take control of their financial health.
Features of Empower
Cash Advance
- Get up to $300 instantly with no interest, late fees, or credit checks
- No hard credit pulls, and all credit scores are welcome
- Instant delivery is optional, and fees may apply
Thrive Line of Credit
- Get $200 to $400 instant cash with flexible payment plans to build good credit history
- Repay it your way, with no hard credit pulls
- Report payments to credit bureaus to improve credit score
Budgeting and Savings Tools
- Automatic Savings: Empower helps you figure out when and how much you can save
- Track your credit score: Knowing your credit score is the first step to improving it
- Spend Tracking: Personalize your budgeting categories and set weekly or monthly caps
How to Use Empower
- Download the Empower app and create an account
- Link your bank account to enable financial tracking and cash advance requests
- Request a cash advance when needed, with funds typically deposited within minutes (or up to a day, depending on transfer speed)
- Use additional tools such as budgeting features, alerts, or gig-finding resources to support your financial goals
Fees for Using Empower
- Empower charges a small monthly subscription fee of $8 for basic services, including access to budgeting tools and gig opportunities
- Expedited cash advance transfers may incur additional fees, but standard transfers are free
Credit Check
- No credit check is required for Empower's cash advance services, making it accessible to users with limited or no credit history
Subscription
- A subscription is recommended for users who want access to Empower's budgeting tools and side hustle features, need regular access to small cash advances to avoid overdraft fees, or prefer the convenience of having all financial management tools in one app
Helpful Tips
- Use the budgeting tools to monitor spending and stay on top of your finances
- Set up alerts to avoid overdraft situations
- Explore gig opportunities to increase your income
- Request cash advances responsibly and only when necessary to avoid dependency
Frequently Asked Questions
- What is Empower's cash advance limit?
- How do I qualify for Empower's cash advance?
- Can I use Empower's cash advance with bad credit?
- How do I cancel my Empower subscription?
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