H&R Block Emerald Advance® line of credit offers consumers up to $1,000 before holidays and year-round
November 20 2017 - 9:21AM
For 11 years, the H&R Block Emerald Advance® line of
credit has helped hundreds of thousands of consumers borrow
and pay back millions of dollars to improve their financial
situations. Continuing this tradition, the promotional period
for Emerald Advance line of credit launched nationally on
November 20 for consumers to apply at any participating H&R
Block tax office. Approved applicants are eligible for an unsecured
credit limit between $350 and $1,000 that they can draw on through
the annual resting period that begins on January 27. Borrowers who
pay their line balance down to zero by the paydown date of February
15, retain their account in good standing and meet other applicable
approval conditions may maintain their line of credit year-round.
“H&R Block saw an opportunity 11 years ago to provide
consumers with access to a year-round line of credit to improve
their financial situation,” said Greg Steinlicht, Vice President of
H&R Block Financial Services. “We’re happy to continue to
provide this valuable credit option to consumers and assist further
by loading the draws on their H&R Block Emerald Prepaid
Mastercard®.”
How to apply for Emerald Advance line of
credit
The Emerald Advance is originated by BofI Federal Bank. Upon
application, the bank will determine approval based on standard
underwriting criteria. Since draws from the Emerald Advance are
loaded to the consumer’s Emerald Card Account, approved applicants
typically leave the office with the first draw already loaded and
ready to spend as they see fit.
To apply for the Emerald Advance, clients must bring a current
earnings statement, valid, unexpired government-issued photo
identification (e.g., a driver’s license) and their Emerald Card if
they have one, to a participating H&R Block tax office.
Monthly payments of $25 or 4 percent of the outstanding balance,
whichever is greater, are required. In addition, the balance must
be paid down to zero by February 15 each year. Payments on the
Emerald Advance can be made by check, debit card or their Emerald
Card. Cash payments are also accepted at various merchants though
the merchants may assess a fee for such services. Though not
available for monthly payments, clients who return to H&R Block
for tax preparation may choose to direct a portion of their tax
refund to pay their balance down to zero by February 15.
“As consumers begin to plan for end-of-year expenses, holidays
and other financial needs, the Emerald Advance provides
consumers with a valuable option for achieving greater financial
freedom,” says Steinlicht.
For additional details, visit the Emerald
Advance website. Consumers wishing to make an appointment to
apply or just locate a participating office can find an H&R
Block location near them online or by calling
800-HRBLOCK.
About H&R Block H&R Block, Inc.
(NYSE:HRB) is a global consumer tax services provider. Tax return
preparation services are provided by professional tax preparers in
approximately 12,000 company-owned and franchise retail tax offices
worldwide, and through H&R Block tax software products for the
DIY consumer. H&R Block also offers adjacent Tax Plus products
and services. In fiscal 2017, H&R Block had annual revenues of
over $3 billion with 23 million tax returns prepared worldwide. For
more information, visit the H&R Block Newsroom.
About BofI Federal Bank
BofI Federal Bank is a federally chartered, FDIC insured,
full-service bank that provides a wide variety of deposit accounts,
as well as financing for single and multifamily residential
properties, small-to-medium size businesses in target sectors, and
select specialty finance receivables. With approximately $8.6
billion in assets, BofI Federal Bank provides consumer and business
banking products through its low-cost distribution channels and
affinity partners. BofI Holding, Inc. (NASDAQ:BOFI) is the holding
company for BofI Federal Bank. BofI Holding, Inc.’s common
stock is listed on the NASDAQ Global Select Market under the ticker
symbol BOFI and is a component of the Russell 2000® Index and the
S&P SmallCap 600® Index. For more information regarding BofI
Federal Bank, please visit www.bofifederalbank.com.
H&R Block Emerald Advance® line of credit and H&R Block
Emerald Savings® offered through BofI Federal Bank, Member FDIC.
H&R Block Emerald Prepaid Mastercard® issued by BofI Federal
Bank pursuant to a license by Mastercard International
Incorporated. All products subject to ID verification. Line of
credit subject to credit and underwriting approval. Fees
apply. Products offered at participating offices. Promotional
period 11/16/2017 – 12/29/2017. Emerald Financial Services, LLC is
a registered agent of BofI Federal Bank. Mastercard is a registered
trademark, and the circles design is a trademark of Mastercard
International Incorporated. Emerald Advance is a tax refund-related
credit product and Emerald Card is a tax refund-related deposit
product. ©2017 HRB Tax Group, Inc.
For Further Information
Susan Waldron, 816-854-5522, susan.waldron@hrblock.com
Axos Finl (delisted) (NASDAQ:BOFI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Axos Finl (delisted) (NASDAQ:BOFI)
Historical Stock Chart
From Apr 2023 to Apr 2024