What It Costs

With our easy-to-understand pricing, Elastic is the smarter way to access the money you need, when you need it.

Fees and Charges

Instead of paying interest, with Elastic you pay a Cash Advance Fee of 5% or 10% for every Cash Advance you request, depending on your Billing Cycle.1

We understand you may need more than one Billing Cycle to repay your Balance. If you choose to pay your Balance over time, you are required to pay a portion of your Balance each Billing Cycle. Additionally, for each Billing Cycle that you have a Carried Balance of over $10, you will be charged a Carried Balance Fee ranging from $5 - $350. Please review the Terms and Conditions for details on the Cash Advance Fee and Carried Balance Fee.

Bi-Weekly or Semi-Monthly Billing Cycle
Fee Amount How it is Charged Example
Cash Advance Fee 5% of the amount of each Cash
Advance
We deduct the Cash Advance Fee from the amount of the
Cash Advance
you request.
$500 Cash Advance Request

-$25 Cash Advance Fee

=$475 Elastic Cash delivered to you
Carried Balance Fee $5-$175, depending
on your Carried
Balance

View the Carried
Balance Fee Chart
Charged every Billing Cycle
that you have a
Carried Balance on your Statement.
If a Statement shows you have a Carried Balance of $2400.00, you will be charged a Carried Balance Fee of $95.00.
Monthly Billing Cycle
Fee Amount How it is Charged Example
Cash Advance Fee 10% of the amount of each Cash
Advance
We deduct the Cash Advance Fee from the amount of the
Cash Advance
you request.
$500 Cash Advance Request

-$50 Cash Advance Fee

=$450 Elastic Cash delivered to you
Carried Balance Fee $10-$350, depending
on your Carried
Balance

View the Carried
Balance Fee Chart
Charged every Billing Cycle
that you have a
Carried Balance on your Statement.
If a Statement shows you have a Carried Balance of $2400.00, you will be charged a Carried Balance Fee of $190.00.

1 We will charge a 5% or 10% Cash Advance Fee, depending on your Billing Cycle, for each Cash Advance you request. We will deduct the Cash Advance Fee from the amount of the Cash Advance you request, and deliver only the Elastic Cash amount to you. You are required to repay a portion of your Balance each Billing Cycle, and if you have a Carried Balance of greater than $10, a Carried Balance Fee of $5 - $350 will apply. See the Terms and Conditions for complete details.

How to Reduce Costs

To minimize fees, borrow only the amount that you need and pay it back as soon as you can. If you make only the Required Payment, it can take as long as 10 months to repay your Balance. We encourage you to pay more than the Required Payment to reduce the cost of borrowing.

Example Payment Calculator

Select a sample Cash Advance amount and Billing Cycle below to see an example payment schedule, along with the associated Cash Advance Fee and Carried Balance Fees. You can also add an Additional AutoPay Amount to see how paying more than the Required Payment each Billing Cycle will reduce the cost of borrowing. The Elastic Payment Schedule only reflects a single Cash Advance.

Elastic Cash Amount the amount of money Elastic will send you

 

Billing Cycle (select one)

Additional AutoPay Amount
$
Total Number of Payments
 

We Recommend Paying More than the Required Payment

If you make only the Required Payment, it can take as long as 10 months to repay your Balance. We encourage you to pay more than the Required amount to reduce the cost of borrowing.

See our Terms and Conditions for more details.