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Jackson Hewitt Tax Refund Advance Loan Review
Jackson Hewitt (JH) is offering an Early Refund Advance Loan and a Refund Advance loan of up to $3,200. In order to apply for these loans you have to prepare you taxes with JH. How do these loans work? What loan amount JH decides to grant you is deducted from your tax refunds prepared by JH, reducing the amount paid to you as the taxpayer.
For example, lets say Jackson Hewitt determines you will get roughly $2,000 back in taxes for the 2019 tax season. And you needed a $1,500 loan. JH would deduct the loan amount of $1,500 from your tax return amount of $2,000 leaving you with a tax return amount of $500 after your taxes are filed through Jackson Hewitt.
But first, you will need to know whether you qualify or not.
Important Consumer Note!
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There are Three Tax Refund Advance Loans you can apply for:
- No Fee Early Refund Advance Loan – Up to $500 with 0% APR loan
- No Fee Refund Advance Loan – Up to $3,200 with 0% APR loan
- Go Big Refund Advance Loan
We will start with the Early Refund Advance Loan – Up to $500 – 0% APR. There are no fees applied to this loan and you will not be charged interest either. This loan can only be applied for starting on December…
To read more about the Jackson Hewitt Early Refund Advance Loan – Up to $500 – 0% APR please click HERE.
The No Fee Early Refund Advance Loan – Up to $3,200 with 0% APR Loan. This loan is the same as the loan above in regards to fees and interest (no fees & no interest). This loan you will have to pre-qualify the same way you…
To read more about the Jackson Hewitt No Fee Refund Advance Loan – Up to $3,200 – 0% APR please click HERE.
How long will it take to receive my loan?
If you are approved, loans can be received within 24 hours if disbursed via an American Express Serve Card. Be careful of fees if you decide to use the American Express Serve Card. Or, within 5 business days if you choose to have the loan amount directly deposited into a qualified account of your choice.
We suggest having your loan amount deposited into a Chime Bank Account so you don't get hit with fees.
Related Visa Card to Compare to American Express Serve Card (works like American Express Serve Card but with No Fees):
Chime is a new Visa card that is amazingly free (unless you use the card outside of their large ATM network). This is best alternative to a prepaid card that we've seen in 5+ years and offers all of the benefits of traditional bank account.
It's a real Visa card (not a prepaid debit card which usually have a lot more fees) and people with poor credit can apply too as there is no credit check. Chime can be managed entirely from your smartphone. No overdraft fees. No minimum balance. No monthly service fees. No transfer fees. No Chex Systems. Over 38,000 fee-free ATMs, plus 30,000+ cash-back locations.
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Will applying for a Refund Advance loan impact your credit score?
Jackson Hewitt says no. There is no impact on your credit score if you apply for a Refund Advance.
Do you need good credit to qualify?
Important Consumer Note!
The Refund Advance Loans do NOT help you improve your credit. 🙁
If you do not know your credit score, Credit Soup offers your credit score (the new TransUnion Vantage Score® 3.0) for free (no gimmicks and no credit card required). Sign up in just mins- very short form- and it won't hurt your credit.
Also, based on your score, you will be matched with legit card offers that you are likely to qualify for – that can help you build your credit- not prepaid cards.
If you are trying to get a higher credit rating (which is very important), we strongly suggest you consider the no annual fee Capital One Secured MasterCard (apply online in mins- if you have poor credit or no credit, this card will to help you rebuild or build your credit).
No annual fee (unlike almost all prepaid cards), and all the credit building benefits with responsible card use.
26.99% APR (interest rate)
Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
You will get an initial $200 credit line after making a security deposit of only $49, $99, or $200, determined based on your creditworthiness
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Does Jackson Hewitt offer any other Advance Tax Loans?
Jackson Hewitt also offers what they call the “Go Big Refund Advance Loan” which does include a fee.
To read more about the Jackson Hewitt Go Big Refund Advance Loan with Ratings and Customer Reviews please click HERE.
Bottom Line:
To read more about the Jackson Hewitt Early Refund Advance Loan – Up to $500 – 0% APR please click HERE.
To read more about the Jackson Hewitt No Fee Refund Advance Loan – Up to $3,200 – 0% APR please click HERE.
To read more about the Jackson Hewitt Go Big Refund Advance Loan with Ratings and Customer Reviews please click HERE.
Just be careful how you decide to pocket the loan money. We suggest having it directly deposited into a checking account such as Chime so you don't get hit with fees.
Other Related Reviews and Resources That Might be Helpful:
Still not finding the right Card to fund using your Refund Advance Loan? Click HERE to go to our current reviews on our Main Prepaid Card Page.
Click HERE to read our reviews of the Jackson Hewitt Prepaid American Express Serve Card
Click HERE to read the Review of the H&R Block Advance Tax Refund Loan up to $3,500
Editorial Note!:
“The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, including this review and the reviews written by actual cardholders below.”