Whether you’re looking to cover unexpected bills or close the gap in your cash flow, the Pathward Line of Credit is designed to provide you with the flexibility to get the money you need, when you need it3.
If approved, funds are deposited directly into your bank account and you only pay interest charges on the funds you use4.
You’ll have easy online access to your Line of Credit details. Log into your account to view your available credit, request an advance, check your balance and make payments online.
You only pay interest charges at a fixed Annual Percentage Rate (APR) of 35.99% on the amount of credit you use and not your total credit limit4.
The APR will not increase while your Pathward Line of Credit is open. There are no additional fees4.
If you have an outstanding balance, you will need to make Minimum Payments. Each Minimum Payment includes:
Minimum Payments can be due on a bi-weekly, semi-monthly or monthly basis and your due dates will generally align with your income frequency. The exact amount of each Minimum Payment will vary depending on your account activity.
Let’s look at an example of a customer with a bi-weekly income frequency (14 days apart) who has an outstanding principal balance of $2,000 for two billing cycles.
| Billing Cycle Example | Outstanding Principal Balance | Principal Contribution (A) | Interest (B) | Minimum Payment Due (A+B) | Remaining Principal Balance |
|---|---|---|---|---|---|
| 1 | $2,000.00 | $20.00 | $27.60 | $47.60 | $1,980.00 |
| 2 | $1,980.00 | $19.80 | $27.33 | $47.13 | $1,960.20 |
Disclaimer: This example assumes only one advance is requested at the start of the first billing cycle and only Minimum Payments are made. This example is for illustrative and informational purposes only. The actual Minimum Payment(s) due on your Pathward Line of Credit will depend on your individual circumstances and account activity.
