A credit limit you can draw from whenever you need it — $50 today, $400 next month — and you pay interest only on the balance you're carrying. Repay and the room comes back. One approval, no reapplying.
Unlike a loan, nothing is borrowed until you draw. Here's one customer's first two months on a $1,000 limit at 0.75% per day on drawn balance.
Soft inquiry, income verified, limit set. No money moves and nothing is owed. The line just sits there.
Car battery. Drawn to your bank in minutes. Interest starts only on this $300 — about $2.25 a day.
Statement shows $300 + $61 interest. Pay the minimum, pay it all, or anything between. Say you pay $200.
Balance was $161; you draw $250 for a school fee. Available room is $1,000 minus balance. Repeat as long as you like.
A line of credit charges a daily periodic rate on whatever you've drawn. Days at zero balance cost zero. There is no annual fee and no draw fee.
| Balance | 7 days | 30 days | 60 days |
|---|---|---|---|
| $100 | $5.25 | $22.50 | $45.00 |
| $300 | $15.75 | $67.50 | $135.00 |
| $1,000 | $52.50 | $225.00 | $450.00 |
| $3,000 | $157.50 | $675.00 | $1,350.00 |
Lines of credit are offered in Georgia and Alabama under each state's open-end credit rules. Florida stores offer installment loans instead.
| Limit | Daily rate | APR* | Min. payment |
|---|---|---|---|
| $200 | 0.75% | 273.75% | $25 |
| $500 | 0.75% | 273.75% | $25 |
| $1,500 | 0.70% | 255.50% | 5% |
| $3,000 | 0.65% | 237.25% | 5% |
Rate tiers by limit. Interest accrues only on drawn balance. Limit reviews every 6 months for increases.
| Limit | Daily rate | APR* | Min. payment |
|---|---|---|---|
| $200 | 0.80% | 292.00% | $25 |
| $500 | 0.80% | 292.00% | $25 |
| $1,500 | 0.75% | 273.75% | 5% |
| $3,000 | 0.70% | 255.50% | 5% |
Rate tiers by limit. Age 19+. Draws in cash at any Alabama store or to your bank.
*APR shown is the daily periodic rate × 365 for comparison. Because you control the balance and the days, actual cost is usually far lower than a same-size loan carried for the full term. Loans subject to approval, state law and your written agreement.
The line of credit is the cheapest product on this site when you draw small and repay fast. It's among the most expensive if you max it out and carry it — the balance is the whole story.
Pick the structure that matches how you'll actually use the money.
Interest only on the $300 for 20 days, then on $200 for however long you carry it. Total interest for the two draws: about $60. The other $500 of the limit cost nothing.
Fixed payment of about $210 per month at 89% APR. Total interest about $264. You had the full $1,000 from day one whether you needed it or not.
Limits start at $200 to $1,000 based on income and are reviewed every six months. Six months of on-time minimum payments typically qualifies for an increase. You can request a lower limit at any time.
Both are revolving credit. The card wins on rate; the line wins on who qualifies and how fast.
| Feature | Line of credit | Credit card |
|---|---|---|
| Limit | $200 – $3,000 | Varies |
| Approval | Income-based, soft check | Score-based, hard check |
| Rate | 0.65% – 0.80% / day | 22% – 30% APR |
| Annual fee | None | $0 – $95 |
| Cash access | Cash in store or to bank, same day | Cash advance fee + higher APR |
| Time to open | Minutes | 7 – 10 days for the card |
| Best for | Short draws, any credit | Long balances, good credit |
If you can get a card, use the card for balances you'll carry. Use the line for cash you'll repay within a few weeks.
Gig driver, income all over the place. Set up a $750 line at the Valdosta store in June. Drew $200 twice and $400 once since then. Only paid interest on what I actually pulled. Exactly what I needed.
The line itself is great: draw to your bank in minutes, pay it back, it's there again. Learned the hard way that carrying $1,200 for two months costs real money. Now I draw small.
A loan gives you a lump sum and a payoff date. A line gives you a limit; you draw what you need, when you need it, and pay interest only on the balance.
Nothing. No annual fee, no inactivity fee. A line with a zero balance costs zero.
In the customer portal to your bank account (same day) or in cash at any Georgia or Alabama store.
5% of the balance or $25, whichever is greater, plus interest accrued that month. You can always pay more or pay it all.
A soft inquiry to open the line. No hard inquiry, ever.
Yes. Limits are reviewed every six months; consistent on-time payments usually qualify for an increase.
Florida's consumer lending rules don't provide for this open-end structure at our license type. Florida customers can use an installment loan →.
One approval with a soft credit check. Draw what you need, pay interest only on your balance, and borrow again as you repay.
Photo ID · SSN · proof of income · active checking account. Age 18+ (GA) or 19+ (AL).
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