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How to Get Instant Cash Advance in Minutes

How to Get Instant Cash Advance in Minutes
Borrowing from friends or family, during desperate times, could be an uncomfortable affair with various presumptions and expectations. Instant cash advance apps like Line help you get money in minutes without the hassle of long waits or endless cycles of applications.
In this article

Running low on finances during emergencies or towards the month-end is an uneasy situation to be in. Instant cash advances are designed to keep you out of a never-ending debt cycle with low subscription fees and no interest rates. Beem is the best #1 alternative for an instant cash advance of $5 – $1,000. Its a good way to sustain yourself until the next payday. In addition to avoiding taking a high-interest loan, having the knowledge that you could take an instant cash advance in minutes can give you peace of mind.

Why Instant Cash Advance is Important

Many banks and credit cards will provide you with the same payday advances. But, in the case of credit cards, you will be limited to borrowing a limited amount against your credit limit. These are viable means to borrow money, but it is one of the most expensive ways. Credit cards put a host of charges like card advance fee, a flat fee for each advance and there is also a higher interest than the rate charged on purchases. 

Getting instant cash advance quickly and on time is a matter of concern and apps like Beem have the easiest, most practical and most transparent method. While there are many apps that could provide you instant cash, most of them are expensive, have hidden charges or may not offer you a good deal. With Beem, the process is easy, the deal is great and there are no hidden charges.

Having the option to avail of a cash advance in minutes is a reasonable way out. Someone who has an emergency need for money or is restricted by limited resources can use this. Remember, a cash advance should only be taken when you have a clear plan to pay back the money. 

You may also like: How Much Cash to Keep in Your Checking Account

Getting Cash during Emergencies

Various types of services allow you to take a cash advance in minutes, but taking the right one when you’re having an emergency is not always easy and convenient. When you are in a crucial crunch, getting your hands on the first source of a cash advance may be crucial. However, in the process, you may make the mistake of taking a loan with major interest rates and exorbitant fees ending up harming your financial situation.   

The most popular type of cash advance is through a credit card. A credit card could be used at any ATM to withdraw the required amount of money. However, advances from a credit card often have a higher interest rate and the interest accrues immediately without a grace period. In addition to this, credit cash advances carry a separate balance from credit purchases. And if you worry about your credit score, taking instant cash advances using your credit card could affect it. 

Taking a cash advance using a credit card will raise your outstanding balance, which will affect the credit utilization ratio which is a measure used by credit score models to calculate your score. Raising your utilization rates over 40% is a huge indicator to banks of credit risk and could harm your credit score. 

The Right Kind of Cash Advance

During emergencies, the only priority is to get money quickly. Subscription-based cash advance apps provide users with the most convenient and hassle-free service. These apps work on a subscription basis to provide cash advances to users. Internet-based companies, unlike bank loans, do not require an underwriting or application process. Credit score and other financial details are not scrutinized and you are not required to have collateral either. You, however, have to be careful about the possible consequences of the quick solution to utilize its facilities sufficiently. Study the repayment period. If your payment and expectations are certain, a quick cash advance is the right choice as a quick fix. The repayment period for a cash advance on a digital service platform is decided before the issuance of the loan. Extending the period will result in a rise in interest rates. 

A digital subscription-based company deposits the cash to your account within a day. Convenient hassle-free services, with little to no paperwork, are major contributing factors to the popularity of instant digital cash advance service providers.

How to Get Instant Cash Advance in Minutes with Beem?

Beem is the best app to get instant cash in minutes with no credit checks and no interest. Beem has no income restrictions. There are no hidden charges and you can get instant cash between $5-$1,000. Application takes only minutes and with just three easy steps, you can qualify and access instant cash. All you need to do is download the app from Apple Store or Play Store and install it. Sign in with your basic details, follow the instructions and qualify for plans starting as low as $2.47/month. Withdraw money for financial emergencies. Pay it back when you get paid. You can instantly withdraw again. Pay back on time to unlock higher amounts.

Additionally, Beem offers a range of other benefits. This includes personalized smart budgeting tips, free credit monitoring and improvement facilities, $1 million identity theft protection insurance and completely free federal and state tax filing help among others.

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Team Beem

Team Beem

Team Beem brings you the latest in the world of personal finance to you. From tips and tricks on how to manage money to how to get cash for emergencies, Beem is your destination for all the information you need to be smart about your money.

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This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

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