Stay One Step Ahead of Unexpected Expenses
The Emerald Advance® is a year-round line of credit that provides the ability to repeatedly borrow and repay up to $1000126, depending on bank approval. Use it year-round for emergencies, car repairs, bills and other credit needs. Only borrow and repay the specific amount you need.
Benefits of the Emerald Advance
- Load funds drawn from your line of credit to your H&R Block Emerald Prepaid MasterCard® for easy access
- Ability to pay down the balance on the Emerald Advance with a portion of your tax refund, if you so choose
- Access to credit year-round
Use the line of credit year-round
Be prepared when the unexpected occurs. If approved during the promotional period, you are eligible to maintain your line of credit year-round127.
How To Use
Accessing funds is easy
- You could have year-round access to up to $1,000126, loaded on an H&R Block Emerald Prepaid MasterCard. If approved, you can walk out of the office with funds already loaded to your card.
- At MyEmeraldAdvance.com you can view transactions, make payments and view statements.
- Your account is also accessible through the Emerald Card Mobile Banking App™
Payback is easy
Minimum monthly payment of $25 or 4% of the outstanding balance, if greater. Balance due in full by February 15, 2015.
We have several convenient options to make a payment, including:
- Check or debit card
- Transfer from Emerald Card
- Cash payment at MoneyGram® or 7-Eleven® locations ($2.99 service charge applies)
- Tax Refund – for paydown only, not available for monthly payment
Fees and Terms
- $45 Annual Fee – Assessed on the day the Emerald Advance is opened
- 36% Annual Percentage Rate (APR) – Finance charge assessed on the amount drawn from your Emerald Advance
- 36% APR applies during promotional period and for unsecured lines of credit. For partial savings-secured and full savings-secured lines of credit, the APR is 18% and 9% respectively. For more details, see the Terms & Conditions.
- $7.50 Late Fee – Payments received after the due date may be assessed a late fee. Assessed monthly, maximum of 5 fees per year.
H&R Block Emerald Advance® line of credit and H&R Block Emerald Savings® are offered through BofI Federal Bank, Member FDIC. H&R Block Emerald Prepaid MasterCard® is issued by BofI Federal Bank pursuant to a license by MasterCard International Incorporated. All products subject to ID verification. Line of credit is also subject to credit and underwriting approval. Fees apply. Products offered only at participating offices. Emerald Financial Services, LLC is a registered agent of BofI Federal Bank. MasterCard is a registered trademark of MasterCard International Incorporated. H&R Block Emerald Advance line of credit is a tax refund-related credit product. H&R Block Emerald Prepaid MasterCard is a tax refund-related deposit product. OBTP# B13696 ©2014 HRB Tax Group, Inc.