Why Cash App doesn’t have the borrow option

Lillie Spikes

Many people use Cash App to send and receive money or invest in stocks. But did you know that you can also use the app to borrow some cash?

Generally, you can get a loan from Cash App at an affordable interest rate and flexible payment duration. The only problem is that Cash App does not talk more about its loan services.

Also, people who try to borrow some money may not have the borrow option enabled on their phones. So, why doesn’t your Cash App have the borrow option?

Cash App lets you borrow a small loan of between $20 and $200. It then allows you to pay a flat fee of 5% within four weeks, which is a better APR than borrowing a payday loan.

However, if you pay late, the service will charge you a late fee of 1.25% per week after a one-week grace period.

Why has Cash App not enabled the Borrow option on your phone?

Your Cash App does not have the Borrow option for any of the following reasons.

1. Cash App Borrow is still in testing mode

Cash App
Image by: Square

Borrow is still a new feature on Cash App. The service is still testing it, and only a few users are eligible to borrow some cash. Furthermore, Cash App has not provided a lot of information about the Borrow feature.

Therefore, you will have to wait until Cash App fully enrols Borrow. And if the feature was terminated, then you cannot borrow any money from the app.

2. Your residence locks you out of the Borrow option

You cannot get a Cash App overdraft depending on your residence.

See Also:  How does Cash App handle unauthorized transactions?

Generally, Cash App users in the United States are eligible to use the Borrow option. However, borrowing is not available in all states. And unfortunately, Cash App does not list the number or names of states excluded from the Borrow feature.

But the Cash App Borrow agreement includes loan terms for specific US states. Those living in California, Iowa, Kansas, Massachusetts, Missouri, New Jersey, New York, Rhode Island, Vermont, Ohio, Washington, Wisconsin, and Utah can borrow money through the app.

3. You do not have an active Cash Card

Cash App offers a Visa debit card known as Cash Card. You can use the card to pay for goods and services from the balance in your Cash App.

The card is free; you can get it when you order it. One thing with the Cash Card is that it simplifies the process of getting a loan on the Cash App.

If you do not have the Cash Card, you may not get a loan from Cash App, or the application will not enable the Borrow option in your app.

Also, even if you have the cash, it should be active. The only problem is that Cash App does not say how often you should use the card to improve your chances of getting a loan.   

4. Your credit history is wanting

Cash App looks at your credit score to determine whether you are eligible for the Borrow option. However, the application does not say what credit score you should have to get the loan.

See Also:  How to transfer money from DasherDirect to Cash App

But the consensus is that poor credit history will hamper your chances of getting a loan on Cash App.

You might want to check out these apps that offer loans with no credit checks if you don’t have a healthy credit score but are looking for an instant loan.

5. Cash App usage

If you are new to Cash App, the Borrow option will not be available immediately. However, the more you continue using the app, the greater your chances of getting a loan.

Although Cash App does not specify how much you should use the app, consider making more deposits frequently to qualify.

6. Contact Cash App

You can call Cash App using the customer service number 1-800-969-1940 or through other options provided to get more information about the Borrow option in your app.

How to borrow money from Cash App on Android

To borrow a loan:

  • Open the Cash App application on your phone.
  • Tap on the Banking icon in the bottom-left of your screen.
  • Scroll downwards until you find the word Borrow.
  • Tap on Unlock.

You will now know how much money you can borrow once you know how to unlock borrow on Cash App. Then, you will get on-screen instructions allowing you to complete the borrowing steps.

Cash App

However, some users have noticed that they do not have the borrow option enabled on their devices. Several reasons explain why you cannot get a cash advance on Cash App.


The Cash App Borrow feature is unavailable in your Cash App because it is still in testing mode. Also, your location may prevent you from getting the Borrow option in your loan.

See Also:  How to change your credit or debit card on Cash App

Ideally, you increase your chances of getting a loan if you use the Cash Card frequently, have a good credit score, or make more deposits to the app.

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