Free $200 Cash Advances With A Catch

When living paycheck to paycheck, a cash advance may seem like a quick solution. But all too often, the fees and high interest rates only compound the problem. 

Klover is a cash advance app that offers a potential solution. You can use Klover to get a cash advance, but the app’s unique business model means you won’t be required to pay a fee.

No interest charges or late fees? There must be a catch. The truth is, Klover doesn’t want your money, they want your data. In this Klover review, we explain how it all works. 

• Klover offers access to cash advances of up to $200.
• The app uses your data to offer a fee-free experience.
• Your regular paychecks must be directly deposited into your linked checking account to qualify. 

What Is Klover?

Klover is a cash advance app that launched in 2019. Their goal is to give more people access to their paychecks early without charging interest or hidden fees. Instead of more traditional revenue streams, Klover uses customer data to fund its operations. They do this by partnering with reputable companies who gain insight from the data you provide, and send you targeted advertisements based on the data you’ve provided. 

What Does It Offer?

Klover provides users with access to free cash advances. But you also have a chance to win daily cash. Here’s a closer look at what Klover offers. 

Cash Advances

Klover’s main product is the cash advances it offer to its users. Depending on your situation, you can access advances of up to $200. The cash advances come without any interest, late fees, or credit checks. Cash advances must be repaid on your next payday. Think of it like getting part of your paycheck a few days early. 

Earn Points

In addition to the cash advance feature, you can earn points through the Klover app. Points are awarded for completing tasks like watching ads and taking surveys.

As you gain points, you can unlock a larger cash advance. You’ll also have the option to spend these points on daily sweepstakes entries. Each day, Klover users have the chance to win $100 through the sweepstakes, or one of five $20 prizes.

Data Usage

As mentioned, Klover offers a fee-free experience for most cash advances. The catch is that you must agree to give Klover access to your data. Your data may be used for anonymous market research or you might receive targeted advertisements based on the data you provide. 

Are There Any Fees?

If you need a cash advance, you can get one for free. However, the standard option takes up to three business days to hit your account. Klover offers an instant option, which comes at a price of $1.99 to $16.78. 

How Does Klover Compare?

Klover isn’t the only cash advance option out there. Before you sign up with Klover, I recommend that you check out the following alternatives.

Empower is an app that offers cash advances of up to $250. The slightly higher cash advance doesn’t come with any interest charges or late fees. However, you’ll face a $8 monthly fee after a 14-day free trial.

Earnin is another option that provides cash advances of up to $500. The app is free to use. But you’ll have the option to leave a tip, which funds the app’s operations. The funds you take out will be repaid immediately after your paycheck hits your account.

How Do I Open An Account?

Klover advertises that the signup process only takes a few seconds. You can get started by entering your name, email address, and phone number.

You’ll also need to link your bank account in order to get access to an advance. The process of linking your bank account will likely take more than a few seconds. But if you meet the conditions, it shouldn’t take very long. To qualify for Klover cash advances, you must meet the following requirements:

• Must have at least three direct deposits sent to the checking account
• Have at least 3 consistent direct deposits in the last 60 days
• No pay gaps
• Paychecks must come from the same employer, with matching paycheck descriptions
• You must be paid on weekly or bi-weekly schedule
• Your checking account must be in good standing

Is It Safe And Secure?

Klover takes your privacy seriously, using bank-level, military-grade security to protect your information, including 256-bit encryption. If you decide to cancel Klover, you’ll have the option to delete your data at any time by contacting the customer support team. 

How Do I Contact Klover?

Klover customer support is available around the clock, Monday through Friday. If you have a question, reach out to support@joinklover.com. You’ll also have the option to chat with support staff from 10 AM to 5 PM on Monday through Friday. Finally, you can call 888-293-8767 on weekdays from 10 AM to 3 PM. All times listed are in CST.

Is It Worth It?

Klover can help some users make ends meet. If the $200 advance will help you make it to pay day, then it can be worth it. However, you can still fall behind if you don’t plan properly for the cash advance repayment. 

Also, not everyone is comfortable parting with their information. If you don’t want to share your data, then Klover isn’t the right fit for you.

The bottom line is that Klover offers a temporary solution to a potentially long-term financial problem. If you regularly turn to cash advance apps to make ends meet, you might be living beyond your means.

Creating a budget can help you rid yourself of payday loans and cash advances, and break the paycheck-to-paycheck cycle.

Check out Klover here >>

Klover Features