Elastic is an unsecured line of credit offering credit limits from $500 to $4,500*.

You can request Cash Advances up to your Credit Limit.

You may be eligible for an Elastic Account if you meet the following criteria:

  •   You are at least 18 years old;
  •   You are not a Covered Borrower under the Military Lending Act at the time of application;
  •   You reside in a state where we offer Elastic;
  •   You have a regular source of income or benefits;
  •   You have an active Checking Account;
  •   You provide information required to verify your identity;
  •   You provide a valid email address and consent to receive electronic disclosures;
  •   You meet our credit underwriting standards; and
  •   You agree to the Terms and Conditions

Elastic is not available in all states.

During the application process, you will be asked to provide a valid email address and consent to receive electronic disclosures. We will ask for personal information including details about your residence, income and Checking Account. We will also verify your identity which may include confirmation of your active Checking Account.

Yes. As part of our credit underwriting process, we will obtain your credit reporting information from various third-party data providers, so we can determine your eligibility for an Elastic Account.

As part of our identity and credit verification processes, we may need to confirm your active Checking Account. This may include securely connecting to your bank through our trusted Elastic partner, Finicity. By allowing access to your Checking Account, we can verify the account information you provided and more quickly reach a decision on the status of your application.

As part of this verification process, we do not store your Checking Account information, ensuring your information remains secure.

Elastic is not available to applicants listed as Covered Borrowers in the Military Lending Act database, including qualifying active duty service members and their dependents as defined in 32 C.F.R. § 232.

To protect your identity, we do not accept applications by phone. However, the application process on Elastic.com is quick and easy. In fact, it only takes a few minutes to apply and find out if you qualify for a $500 to $4,500* line of credit!

Your Elastic Account does not have an interest rate like other traditional credit products. Rather, you pay a Cash Advance Fee of 5% or 10% for every Cash Advance you request, depending on your Billing Cycle.

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.

No, with Elastic there are just the Cash Advance Fee and the Carried Balance Fee. There are no application fees, late fees, or annual fees.

If there is a Balance on your Elastic Account for 10 consecutive months, your Elastic Account will enter the Cooling-Off Period. You will be unable to request Cash Advances during the Cooling-Off Period. The Cooling-Off Period ends when you pay your entire Balance and you keep your Balance at or below $0.00 for 20 consecutive calendar days. We will reinstate your ability to request new Cash Advances once the Cooling-Off Period ends. It may take up to 5 Business Days after the expiration of the 20 day period to reinstate your ability to request a Cash Advance.

You can pay your Balance to $0.00 by paying the Required Payment and not taking any new Cash Advances over a maximum of 20 Billing Cycles if you pay Bi-weekly or Semi-monthly, or 10 Billing Cycles if you pay Monthly. You can pay the Balance to $0.00 faster by paying more than the Required Payment or paying in full. See the Terms and Conditions for complete details.

Your Payment Due Date is at least 14 days after your first Cash Advance and corresponds with your Pay Date and Pay Frequency.

You will receive a Statement for each Billing Cycle for which there is a Balance on your Elastic Account, or as otherwise required by law. Your Statement will be generated at least 14 days prior to the Payment Due Date for each Billing Cycle. We will send a notice to the email address listed in your Elastic Account that your Statement is available. Your Statement is available electronically at Elastic.com. If required by law, we will also mail your Statement to the mailing address we have on file for your Elastic Account.

Review the Statement Guide to help you better understand terms and calculations appearing on your Elastic Statement.

You may pay your balance in full at any time without penalty. We also accept partial payments. You may make payments using the following payment methods: AutoPay, one-time electronic payment, debit card payment, payment by checking account or you may make payments by mail any time using a personal check, certified check or money order. Please refer to the Paragraph 13 of the Terms and Conditions for complete details.

“AutoPay” is an optional preauthorized recurring automatic payment to us made on your Payment Due Date from your Checking Account.

By selecting AutoPay, you authorize us to debit your Checking Account in the amount of the payment shown on your Statement as your AutoPay Amount plus the amount shown on your Statement as your Additional AutoPay Amount.

Your AutoPay amount will be equal to the Required Payment minus any Past Due Amount. Your AutoPay amount will not cover your Required Payment if there is any Past Due Amount. You must make arrangements to pay all Past Due Amounts using another permitted payment method to satisfy your Required Payment. You may also authorize us, in a separate authorization available in your Elastic Account at Elastic.com, to separately debit an Additional AutoPay amount, which you select, from your Checking Account automatically on each Payment Due Date. Authorizing payment of an Additional AutoPay amount will help you pay down your Balance faster.

Refer to Paragraph 13 of the Terms and Conditions for details.

For Bi-weekly and Semi-monthly

View $800 Example

View $2,800 Example

For Monthly

View $800 Example

View $2,800 Example

Your Payment Due Date corresponds with your Pay Date and Pay Frequency identified in your Application. If your Pay Frequency is Weekly or Bi-weekly, you will have Bi-weekly Billing Cycles and Bi-weekly Payment Due Dates. If your Pay Frequency is Semi-monthly, you will have Semi-monthly Billing Cycles and Semi-monthly Payment Due Dates. If your Pay Frequency is Monthly, you will have Monthly Billing Cycles and Monthly Payment Due Dates. If your Pay Date or Pay Frequency changes, please call Customer Support at (888) 225-0080 or email us at support@elastic.com.

To initiate a Payment Due Date or Billing Cycle change request, please call Customer Support at (888) 225- 0080 or email us at support@elastic.com. Requests are subject to eligibility requirements. We will send a notice to the email address listed in your Elastic Account regarding the status of your request within 2 Business Days, including requests for additional information when needed. A change in your Billing Cycle from Bi-weekly or Semi-monthly to Monthly, or Monthly to Bi-weekly or Semi-monthly will result in changes to the Cash Advance Fee, Carried Balance Fee and Required Payment you will pay. Please refer to the Truth-in-Lending Disclosures in Section A, and Paragraphs 7 and 8 for details on the Cash Advance Fee and Carried Balance Fee. Please refer to Paragraph 11 for details on your Required Payment.

Mail Payments To:
Republic Bank & Trust Company
Elastic Payment Processing
P.O. Box 950276
Louisville, KY 40295

Financial U is an online learning center that teaches basic financial concepts and offers tips for creating healthy financial habits. Access to online courses, interactive tools and other resources is free for all Elastic customers. You can even get rewarded for successfully graduating from Financial U! Rewards are subject to eligibility requirements. Login to Financial U Terms & Conditions to learn more.

Spam / Junk Mail Filters. Some email filters may inadvertently redirect important account notices to your spam or junk folder. To ensure that you receive emails from us, please add support@elastic.com to your address book or inbox ‘safe list.’

Email Address Change. It is your responsibility to ensure that the contact information you provide is current and accurate, including your email address. You agree to promptly notify us of any changes to your contact information. You can update your contact information, including your email address, in your account settings at Elastic.com, by calling Customer Support at (888) 225-0080 or emailing us at support@elastic.com.

Mail Payments To:
Republic Bank & Trust Company
Elastic Payment Processing
P.O. Box 950276
Louisville, KY 40295

Write Us:
Attn: Elastic Customer Support
4030 Smith Road
Cincinnati, OH 45209

Call Us:
P: (888)225-0080
F: (866)766-8160

Hours of operation:

Email Us:
support@elastic.com