09/17/2020

SoFi is committed to fighting racism, standing in solidarity with all of our communities, providing space for open dialogue,
as well as taking action as informed allies. We are donating $1 million to organizations that empower people of color and their allies.

Credit Card Interest Calculator

How much credit card interest will you pay?

You have an idea of what your interest rate is, but by the time you’ve paid off your credit cards, you may be shocked to see how much those interest payments have added onto your bill.

Pay it off with a personal loan.

If you‘re paying more than 16% interest on your credit card, a personal loan from SoFi could help you save thousands. Fixed rates range from 5.99% APR to 18.53% APR with AutoPay. 5

Pay less interest

Focus on getting out of debt, not overpaying. Your fixed rate personal loan could be as low as 5.99% 5 APR with AutoPay, which is lower than most high-interest credit cards.

Save more each month

A lower interest rate from SoFi could mean a lower monthly payment. And that could mean some extra cash for you each month. Oh yeah.

Simplify your payments

Multiple credit card bills and due dates giving you a headache? With your SoFi Personal Loan, you’ll only have one, easy payment each month.

No fees

Credit cards love sneaking in extra fees-even for just opening the card. With SoFi, there are no surprises, and no hidden fees. What you see is what you get.

See how SoFi compares.

Most people with credit card debt opt to use a balance transfer to consolidate their debt instead of a personal loan. Unfortunately this often leaves people with the same problem they started with: high-interest credit card debt.

Pay off your debt sooner.


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