They sometimes carry a better interest rate than normal bank card purchases, usually round 25% or increased. Whether you need $300 or $500, people with low credit can use payday loans to assist make ends meet. For example, a 14-day, $500 payday loan with the utmost payment permitted by statute would have an APR of 391.07%. Whereas bank card money advances can give you fast entry to cash, the costs involved get sometimes outweigh the benefits.