MoneyKey line of credit review April 2017

Information verified correct on April 27th, 2017

A MoneyKey line of credit could get you money when you need it while offering more flexibility than payday loans.

What is MoneyKey’s line of credit?

A line of credit helps you cover unexpected expenses by accessing money up to your approved credit limit. Use only what you need and pay fees and interest only on the money you spend. However, APRs vary by state and can be as high as 399%.

Important details about MoneyKey lines of credit

MoneyKey lines of credit are available in Kansas, Maryland and Missouri only. In each state, the maximum loan amount is $1,000. But APRs, fees and minimum loan amounts vary.

MoneyKey line of credit APR and fees by state

StateAPRFeesMore info
Maryland 24%none
Missouri399%$50 annually

Compare the MoneyKey line of credit to other online short term loan providers

Rates last updated April 27th, 2017
Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
Max. Loan Amount Term of Loan Turnaround Time Costs
LendUp Payday Loans
LendUp offers $250 loans for first-time borrowers. Good credit is not required.
$250 7–30 days 1 business day Varies depending on the loan terms and your state of residence. Go to site More
OppLoans Installment Loans
Get a better personal loan of up to $5,000 with 9- to 24-month repayment terms, depending on your state.
$5,000 9 to 24 months 1 business day Depends on state of residency. Go to site More
Check into Cash Payday Loan
With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
$1,000 Varies by state 1–2 business days Varies depending on the amount and your state of residency. Go to site More
CashNetUSA Loan
Apply for a $300 to $2,250 short-term loan, installment loan or line of credit with a day’s turnaround.
$2,250 Varies by state 1 business day Varies by state of residency. Go to site More
Cash Central Payday Loan
Offers high-APR cash loans of up to 32 days deposited directly into your checking account.
$5,000 Varies by state 1–2 business days Depends on your credit history and the state you live in. Go to site More
ACE Cash Express Payday Loans
An array of services in 1,000 locations include short-term, installment and title loans with terms that vary by state.
Varies by state Varies by state Generally receive the money the next business day Varies depending upon the state where you reside. Go to site More

Have we missed anything in the comparison table? Tell us

  • If the provider quotes a different rate to the one above please let us know

What are the benefits and drawbacks of MoneyKey lines of credit?


  • Get fast approval.You may be able to get money in as little as one business day.
  • Easy balance updates. Check your available credit by calling MoneyKey or logging in to your account.
  • Request cash advances. Access more money when you need it as long as you’re below your credit limit.
  • Make additional payments. Pay off the principal with additional payments when you can afford it.
  • Licensed. MoneyKey is a state-licensed and -regulated lender.


  • High interest. Daily interest rates can be as high as 1.09315%, depending on your state.
  • Minimum payments don’t decrease your principal. If you pay the minimum, you’ll continue to accrue interest on the full principal.

Am I eligible for a MoneyKey line of credit?

Getting a line of credit with MoneyKey is an easier way to get cash compared to many other short term loans if you live in Maryland, Kansas or Virginia. To be eligible, you must:

  • Be 18 or older and a US citizen or permanent resident.
  • Reside in Kansas, Maryland and Virginia.
  • Have a bank account.
  • Have a phone number and valid email.
  • Be able to prove a source of income.

You can complete the application online or call 1-866-255-1668 to apply by phone.

What information do I need to apply for a MoneyKey line of credit?

  • Government-issued ID. You’ll need a driver’s license and Social Security number.
  • Banking information. Including your bank name, account type, account number and routing number.
  • Employment information. Name of employer, monthly income, last day paid and next pay date.

I got approved for the MoneyKey line of credit. Now what?

  • Once you’ve got the credit line, spend it carefully using only the money you need.
  • Pay more than the minimum payment to reduce the principal and be eligible for a credit increase, if you need it.
  • Call in additional payments or to pay off the entire principal.
  • Call or log in to your account to confirm your line of credit balance.

Bottom line

MoneyKey lines of credit are a way that you can get money fast with more control over how much you choose to access. MoneyKey’s limited availability and high fees and interest rates could make other lenders more appealing. If you live outside the states it services, take a look at other lenders with short term loan solutions in your area to compare your options.

Frequently asked questions

What is the minimum payment I need to make for a MoneyKey line of credit?

You can find the minimum payment amount when you log into your MoneyKey account online or by calling their customer service line. Although you can pay the minimum payment amount provided by MoneyKey, it comprises mostly of interest and additional fees that are added each billing cycle. To pay down the principal, you’ll need to pay more than the minimum payment specified.

Will MoneyKey contact my employer?

Only if MoneyKey can’t get you by phone or email. By law, MoneyKey can’t discuss your finances with outside parties.

When will my funds be available for use?

If your loan is approved by MoneyKey before 6:30 p.m. CST Monday through Friday, your funds will be available on the next business day. If it’s approved over the weekend, your funds will be available on the upcoming Tuesday.

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Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
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US Payday Loans Offers

Learn about our information service
Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

LendUp Payday Loans

LendUp offers $250 loans for first-time borrowers. Good credit is not required.

SWIFT Payday Loan

Access multiple lenders with a 5-minute application for a cash advance on your paycheck.

CashNetUSA Loan

Apply for a $300 to $2,250 short-term loan, installment loan or line of credit with a day’s turnaround.