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Full Review with Ratings – Jackson Hewitt No Fee Early Refund Advance Loan – Up To $500 with 0% APR
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 December 18th in the amount of $200-$500 with a pay-stub or other acceptable income verification. JH will also need to know how much your federal tax refund from 2018 was in order to determine if you are eligible for this loan or not. To apply for this loan you can go to their website and input last years federal tax return amount. They will then ask you if you received the full amount of your tax return and if you had money taken out of your taxes for childcare, back taxes, or outstanding student loans.
After answering their questions, you will then have to submit your name, email, date of birth, social security number, address and phone number in order for JH to process your pre-qualification. You can find our in minutes how much you pre-qualify for with Jackson Hewitt. My advice would be to start the process as early as you can since tax season in around the corner.
Keep in mind this loan from $200-$500 will be deducted from your 2019 tax return that has to be prepared by JH. And if you are in a crunch for money, Jackson Hewitt claims this is the only Refund Advance Product available in December.
Important Consumer Note!
No Credit/Bad Credit? Click here to build your credit score using a real credit card (not a prepaid or debit card that won't help your credit)!A high credit score can allow you to get a lower rate loan, lower your insurance premiums and may even help you get a job! (sponsor link)
Important Consumer Note!Want to get a prepaid Visa with no monthly fees with direct deposit and with more benefits and features such?
If so, then consider the Go2Bank Cash Rebate Visa- Click Here for More Info and to Apply Online in Just Mins (No Fee with Direct Deposit).
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The incremental amounts you can get from the loan is either $200, $300 or $500. So if you need $250 you better plan on getting the $300 loan amount.
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.
And for a limited time, earn a Cash referral bonus of $50 when you tell your friends and family members about Chime and they sign up (and they'll earn $50 too)- details within the app after you apply! Click for more info.- you can apply online in just 2 mins with no obligation. Start by simply entering your email address and clicking “Get Started”– over 3 million customers couldn't be wrong. 🙂 (Referral Link)
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 Load does NOT help you improve your credit. 🙁
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
(Sponsor Link)
Bottom Line:
If you are in a crunch for money and you can not wait until you receive your tax return then we find this loan to be a good choice. 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. And remember you will have to file your taxes with Jackson Hewitt so you will have to pay them what it cost for their 2019 tax return. They may be selling you on the “No Fee – 0% APR” but there will always be the cost for them to do your taxes.
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.”