Spend Power on Atlas is how much you have available to spend on your Atlas card when you have no pending balance on your card. This depends on your secured credit and unsecured credit. Your "Available to Spend" amount is dependent on those two quantities as well as any pending balance you have on your Atlas card.
Spend Power is how much you can spend on your Atlas card. It has three parts:
Spend Power = Secured Credit + Payroll Credit + Flex Credit
Your Available to Spend is how much you can spend right now:
Available to Spend = secured credit + unsecured credit - pending balance.
See your numbers by tapping Card > Spend Power
What is secured credit?
When you add money to your Atlas Deposit Account, you get the same amount in secured credit. Add $500, get $500 in spend power. Your money earns 3% interest and you can take out your money at any time.
What is unsecured credit?
Unsecured credit is the part of your Spend Power on Atlas that doesn't require money in your Atlas Deposit Account. It involves two types of credit: 1) payroll credit and 2) flex credit.
What is payroll credit?
Payroll credit is credit Atlas offers you as long as you have a regular direct deposit linked to your Atlas Deposit Account. Set up even a partial direct deposit to unlock payroll credit. Start small, but grow it quickly up to $250. Once earned, Atlas never removes or decreases your payroll credit, as long as you've received a qualifying direct deposit in the last 34 days.
What is flex credit?
Flex credit is credit Atlas offers you based on your linked bank account. The healthier your linked bank account, among other factors, the higher your flex credit may be. Flex credit may increase or decrease as the health of your linked bank account changes.
Example Scenario
Let's say you have:
$1,000 in your Atlas Deposit Account (secured credit)
$200 in payroll credit
$35 in flex credit
Your Spend Power = $1,235.
If you have $300 in pending charges, your Available to Spend = $935