Can You Buy Gift Cards With a Credit Card? How to Do It

Can You Buy Gift Cards With a Credit Card? Everything You Need to Know

In general, it is possible to buy a gift card with a credit card. There are some instances where you might not be able to, though; namely at some specific stores that may limit or ban the purchase of gift cards with a credit card due to fraud concerns. However, you can usually go ahead and swipe or tap to get one of these cards, which can be a convenient and useful present.

Read on to learn more about when you can buy a gift card with a credit card and how it works.

What Are Gift Cards?

A gift card looks and functions similarly to a credit card, but instead it is a prepaid debit card. You can purchase one and load it with a certain amount of funds or many come preloaded in different denominations. These can be a convenient way to give a gift to anyone from your nephew to your dog walker.

Some gift cards can be used at just a specific retailer, like an Amazon or Target gift card. Others can be used at a variety of retailers, such as a Visa gift card that’s designed to be spent almost anywhere.

You can buy gift cards in store or online. Gift cards are activated at purchase so they can be used right away without any further steps necessary. Just like there are credit card expiration dates, gift cards can expire if they’re not used within a certain timeframe.

Types of Gift Cards

There are two main types of gift cards that consumers will come across:

•   Retail or store-specific gift cards

•   Generic gift cards.

This is how these two types of gift cards work.

Retail or Store Specific Gift Cards

Retail or store-specific gift cards can only be used at select (if not just one) retailer. So, for instance, if you buy a gift card for a particular restaurant or cafe chain, the funds are only spendable at that restaurant, not anywhere else. This type of gift card is also known as a closed-loop gift card.

Generic Gift Cards

Generic, or open-loop, gift cards can be used at a variety of retailers as long as they accept credit card payments from that specific payment card network. This type of gift card is offered by most major credit card networks, such as American Express, Visa, and MasterCard.

These cards are often reloadable, though there may be a fee to do so. Open-loop gift cards also often charge an activation fee when the card is purchased.

Recommended: When Are Credit Card Payments Due

Can You Buy Gift Cards With a Credit Card?

Generally, it’s possible to buy a gift card with a credit card. Of course, whether you can do so will depend on whether the retailer allows credit card purchases and accepts payment from the consumer’s specific credit card network.

Some retailers may not allow you to buy a gift card with a credit card or they may place limits on purchases. This is because of fraud concerns, as the purchase of gift cards with stolen or counterfeit credit cards is common. These limitations generally apply to store-specific gift cards.

Recommended: What Is a Credit Card Chargeback

Things to Watch Out for When Buying Gift Cards With a Credit Card

Plenty of people buy gift cards with a credit card, especially when buying gift cards online. Even though it’s possible to buy a gift card with a credit card, there are some things worth looking out for when making this kind of purchase.

Can You Get Rewards for Purchasing Gift Cards With a Credit Card?

While some credit card issuers make it possible to earn rewards like cash back and miles when purchasing a gift card, other issuers don’t reward these purchases at all. For example, the Blue Cash Preferred® Card from American Express does not consider gift cards an eligible purchase for rewards. This may be something to keep in mind when applying for a credit card if you plan to purchase gift cards often.

To find out if you’ll earn rewards for buying a gift card with a credit card, check your credit card issuer’s terms for more details on how your credit card works.

Does Making a Gift Card Purchase Count as a Cash Advance?

Buying a gift card with a credit card can potentially cost consumers more than they realize. This is because some credit card issuers may view buying a gift card as taking a cash advance, particularly for open-loop cards.

Why is that a bad thing?

•   Credit card issuers charge interest and fees on cash advances, which is when a credit card allows the cardholder to borrow a set amount of cash as an advance.

•   Plus, interest starts accruing immediately on cash advances, with no grace period offered. Usually, interest only begins accruing if you make only the credit card minimum payment rather than paying off your balance in full.

•   Also note that the APR of a cash advance also can be higher than the purchase APR on a credit card and can add up quickly.

How to Avoid Cash Advances When Buying Gift Cards With Your Credit Card

Most people don’t realize that a gift card purchase with a credit card can count as a cash advance. Before buying a gift card with a credit card, it’s a good idea to double check what a credit card issuer’s policies are surrounding gift card purchases. You may be charged a higher interest rate, which can contribute to credit card debt.

If the card issuer does count the purchase of gift cards as a cash advance, then it can be wise to buy a gift card with cash or another card whenever possible. And if you do end up needing to buy a gift card with that credit card when you’re in a bind, know this: Your credit card’s cash advance limit may be different than your average credit card limit.

The Takeaway

It is often possible to buy gift cards with a credit card, and you may even earn rewards for doing so. However, it’s a good idea to learn the details before you buy as you might be charged as if you are accessing a cash advance. That can mean a higher APR assessed, and you may have a different limit, too. These are important points to know to make sure you are using your credit card responsibly.

Whether you're looking to build credit, apply for a new credit card, or save money with the cards you have, it's important to understand the options that are best for you. Learn more about credit cards by exploring this credit card guide.

FAQ

Do credit card providers issue rewards for gift card purchases?

It’s possible with some credit cards to earn rewards points when purchasing a gift card. However, many credit card issuers don’t consider gift card purchases eligible for earning rewards (they deem them cash equivalents and ineligible). Double check the cardholder agreement for a specific card for details.

How can you avoid gift card scams?

Only buy gift cards from trusted retailers to help protect against gift cards scams. Avoid purchasing gift cards from online auction sites that offer discounts, as the gift cards they sell may be stolen or fake. It’s also a good idea to check for protective stickers on a gift card before buying it and to confirm that the gift card’s pin number isn’t showing. If you do spot an issue, get a different gift card.

Can you put money on a gift card with a credit card?

Yes, it is possible to add money to a gift card by using a credit card. It’s up to consumers to choose how much they want to add to a gift card. Retailers can offer gift cards that come in pre-set amounts like $50 or $100, or they may allow customers to add a custom amount to their gift card.


Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Photo credit: iStock/Tingting Ji
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Mindful Traveling: How to Keep Your CO2 Footprint Low While Traveling

Whether you’re looking to tour a foreign city, relax on a sandy beach, or hike in the wilderness — there are steps you can take to keep your carbon footprint low and still enjoy your vacation to the fullest.

But first, you’ll want to keep some key facts in mind: Tourism contributes to more than 5% of global greenhouse gas emissions, with transportation accounting for 90% of this. Tourism also puts pressure on local natural resources through over-consumption, often in places where resources are already limited. These effects can gradually destroy the environmental resources that tourism — and local economies —- depend on.

But there is some good news. By prioritizing mindful, sustainable travel, we can minimize the impact of our travels, and potentially even make travel beneficial for the climate and environment, as well as local communities and economies.

Here’s a look at some simple ways to become a more mindful traveler.

What Is Eco-Friendly Travel?

Being an eco-conscious traveler involves making travel choices that minimize negative impacts to the environment, both globally and locally.

It generally involves a little extra prep work, such as researching destinations that promote sustainable tourism, staying in hotels that have environmentally-conscious policies, and choosing more sustainable transportation, dining, and shopping practices.

Fortunately, a growing number of tourists are doing just that. According to a 2023 report from Booking.com, more than three-quarters of travelers want to travel more sustainably, and roughly the same amount want travel companies to offer more sustainable travel choices.

Recommended: Traveling the National Parks on a Budget

How To Reduce Your Carbon Footprint While Traveling

Here are some things you can do to minimize your carbon footprint and CO2 emissions on your next vacation.

Where You Go

Certain cities (like Barcelona and Paris) attract legions of tourists every year, leading to overcrowding — and not always the most authentic travel experience. Consider giving your tourist dollars to an area that is known for its green practices instead.

Ljubljana, Slovenia, for example, was recently voted the greenest city in the EU. You might also consider Palau, which requires visitors to make a sustainability pledge before entering the country, or Costa Rica, which is well regarded for its sustainable tourism.

Going off the beaten path can also mean a more affordable family vacation.

Where You Stay

Hotels and other lodging options generate emissions from energy use. For example, it takes energy to cool and heat rooms, provide warm water for showers and pools, and to keep the lights on. Indeed, hotels in the U.S. alone create 60 million tons of CO2, generate 1.9 billion pounds of waste, and use 219 billion gallons of water every single year.

To reduce your CO2 footprint when traveling, seek out hotels that have environmentally-friendly policies and review their eco credentials and practices before booking your stay. Also consider staying in a locally owned hotel, since they are more likely to source their supplies from the local area.

During your stay you can do your part by reusing towels, turning off lights and air conditioners when you aren’t there, and skipping single-use plastic items.

Recommended: Tips to Cut Costs When Traveling With Pets

Packing Light — and Right

Before you even start your travels, you can minimize your environmental impact. Packing light is not only good for your wallet (no additional checked bag fees) and arms (rolling around two large suitcases through a crowded airport is never fun), heavy suitcases can weigh down airplanes, as well as cars, and cause them to use more fuel.

What you put in the suitcase also matters. Bringing your own reusable water bottles allows you to avoid having to purchase throwaway plastic bottles. You can also choose luggage and other bags that are made from recycled materials to help reduce waste.

Recommended: International Travel Packing List

Getting There

Transportation is the biggests source of greenhouse gas emissions from tourism, so how you get to your vacation has a big impact.

Generally, planes and cars generate the most CO2 per passenger mile, with tour buses, ferries, and trains trialing well behind. Skipping the flight altogether, and opting for a closer destination that can be reached by train or requires a shorter driving distance, can help create a lower carbon footprint vacation.

But if you can’t avoid flying, you can make choices to lessen the environmental impact.

Choosing the most direct flights can not only save you time, but also fuel. Flying economy also lowers your C02 footprint, since flying business emits up to three times more carbon as it takes up more space. This can also lower your airfare.

Other eco-friendly flight moves: Fly during the day versus taking the redeye (there is a heat-trapping effect of contrails and cirrus clouds at night, resulting in a higher greenhouse effect) and book your ticket with an airline that offers a carbon offset program.

Recommended: Where to Keep Your Travel Fund

Getting Around

Once you’re at your vacation spot, you’ll want to walk, use public transportation, or rent bikes as much as possible. Not only are these eco-friendly transportation modes, they allow you to get more exercise and see more of the local area.

Choose Local

Small actions, like eating and shopping at places with locally-sourced food and products, can help lower your C02 footprint when you travel. Eating local cuisine also gives you a chance to experience a new culture through its food. Also consider booking tours with companies with environmental conservation policies that support the local community.

Volunteer to Plant Trees

As they grow, trees absorb carbon from the atmosphere, and can help offset your travel impact. Trees also reduce the amount of stormwater runoff, which limits erosion and pollution in local waterways, and may reduce the effects of flooding. Healthy forests also lead to habitat biodiversity.

To help offset your travel impact, consider volunteering to plant trees while you’re abroad (and also at home). This is a valuable service that benefits the environment, wildlife, and local communities.

Benefits of Reducing Your Carbon Footprint While Traveling

Tourism is responsible for a significant share of global greenhouse gas emissions, and that number is expected to rise. By 2030, CO2 emissions from tourism are expected to be 25% higher than they were in 2016.

But whether you are traveling solo or with your family, you can play a part in keeping that number down. Sustainable travel protects the environment to make sure wonders like coral reefs, rain forests, ancient ruins, and low-lying islands will continue to be around for local residents and future travelers. It also helps support local businesses, economies, and cultures throughout the world.

Examples of Mindful Traveling

There are many ways you can be an environmentally-friendly traveler. Examples of mindful travel include picking a destination that prioritizes sustainable tourism and/or choosing an area that is close to home to avoid air travel or an extensive drive.

You can also practice mindful travel once you arrive at your destination. Consider taking public transportation, walking, and renting bikes to get around and see the sites. If you can’t avoid renting a car, opt for an electric vehicle, if possible.

You can also reduce your CO2 travel footprint by staying in hotels that use renewable energy and have strong sustainability practices. You can do your part by recycling, eliminating food waste, and buying locally-sourced products.

Recommended: 6 Souvenirs You Won’t Regret Buying (and 5 You Might)

Mindful Traveling Tips

•   Do your research. Traveling more sustainably takes effort and planning. You may need to do some searching to find the most direct flights (if you have to fly) and to seek out lodging options that are energy-efficient, as well as affordable.

•   Be a responsible packer. You’ll want to pack light to avoid adding extra weight, and don’t forget refillable water bottles and toiletries.

•   Be a green explorer. Try to use public transportation, walk, or rent bikes to get around, and do your best to shop and eat at local businesses. Also consider staying in one location rather than moving around. This not only allows you to learn more about the culture, but also reduces carbon emissions from hopping from one place to another.

The Takeaway

You can still explore the world and minimize the impact travel has on the environment.

Being a sustainable traveler comes down to a little research. You can lower your carbon footprint by choosing trains and buses over planes and cars, finding lodging that has environmentally-friendly practices, and making eco-friendly decisions during the vacation on what you do and where you eat and shop.

SoFi Travel has teamed up with Expedia to bring even more to your one-stop finance app, helping you book reservations — for flights, hotels, car rentals, and more — all in one place. SoFi Members also have exclusive access to premium savings, with 10% or more off on select hotels. Plus, earn unlimited 3%** cash back rewards when you book with your SoFi Unlimited 2% Credit Card through SoFi Travel.


Wherever you’re going, get there with SoFi Travel.

FAQ

How do I become a mindful traveler?

Becoming a mindful traveler is simply a matter of understanding that all travel has an impact — to the environment as a whole, as well as the local ecosystems and communities.

You can become a more mindful traveler by choosing a destination that promotes sustainable tourism, being selective about your modes of transportation, staying in hotels with eco-friendly practices, and choosing more sustainable practices when it comes to food, shopping, and daily activities.

How do you stay mindful on vacation?

To stay mindful on vacation, you’ll want to be sure you are paying attention and savoring what’s happening in the moment, rather than thinking about work, what you did yesterday, or what you’re going to do tomorrow. Mindful travel also means being aware of, and trying to minimize, the impact your vacation has on the environment, both globally and locally,


Photo credit: iStock/SolStock

**Terms, and conditions apply: The SoFi Travel Portal is operated by Expedia. To learn more about Expedia, click https://www.expediagroup.com/home/default.aspx.
When you use your SoFi Credit Card to make a purchase on the SoFi Travel Portal, you will earn a number of SoFi Member Rewards points equal to 3% of the total amount you spend on the SoFi Travel Portal. Members can save up to 10% or more on eligible bookings.
Eligibility: You must be a SoFi registered user.
You must agree to SoFi’s privacy consent agreement.
You must book the travel on SoFi’s Travel Portal reached directly through a link on the SoFi website or mobile application. Travel booked directly on Expedia's website or app, or any other site operated or powered by Expedia is not eligible.
You must pay using your SoFi Credit Card.

SoFi Member Rewards: All terms applicable to the use of SoFi Member Rewards apply. To learn more please see: https://www.sofi.com/rewards/ and Terms applicable to Member Rewards.
Additional Terms: Changes to your bookings will affect the Rewards balance for the purchase. Any canceled bookings or fraud will cause Rewards to be rescinded. Rewards can be delayed by up to 7 business days after a transaction posts on Members’ SoFi Credit Card ledger. SoFi reserves the right to withhold Rewards points for suspected fraud, misuse, or suspicious activities.
©2023 SoFi Bank, N.A. All rights reserved. Member FDIC. Equal Housing Lender. NMLS #696891 (Member FDIC), (www.nmlsconsumeraccess.org).


Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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10 Travel Destinations Inspired by Your Favorite TV Shows

More than ever, travelers are taking inspiration from their favorite streaming and TV shows when choosing their next travel destination — a trend known as set-jetting.

According to recent research conducted by OnePoll for Expedia Brands, over half of travelers say they’ve researched or booked a trip to a destination after seeing it on a TV show or movie, and one in four state that TV shows and films are even more influential on their travel plans than they were before.

From channeling Heisenberg in Albuquerque to figuring out how to be one of the “Last of Us” in Boston, here’s a look at 10 top TV travel destinations across the U.S. and beyond.

10 Travel Destinations Inspired by TV Shows

To recreate the magic of your favorite television shows, consider visiting one of these must-see TV destination sites and cities.

1. Alberta, Canada: The Last of Us

When it debuted in January 15, 2023, The Last of Us took America’s TV-watching audiences by storm — and made for an excellent excuse to visit its filming locations in real life. While the storyline positions characters in American locales like Boston and Jackson Hole, in reality, much of the show was shot in Alberta, Canada. Filming was done both in the region’s major cities, like Calgary and Edmonton, as well as more rural areas that show the vast emptiness of what was left after the fungal brain infection devastated mankind.

Travel bonus: In some situations, you don’t need a passport to cross into Canada by land or sea from the U.S.

2. Albuquerque, New Mexico: Breaking Bad

Given that it first aired in 2008, Breaking Bad is officially an oldie, but still a goodie — and Albuquerque, New Mexico, along with the stunning scenery that surround it, continue to be hot destinations for fans. Within Albuquerque itself, die-hards can visit the Dog House, which is a real restaurant of the same name, as well as the Whites’ car wash, the storefront that served as Los Pollos Hermanos, and much more. In fact, there are guided tours to make the process that much easier for you!

Recommended: Tips For Finding The Top Travel Deals

3. New York City: Succession (and Friends, Seinfeld, Sex and the City, and more)

While New York’s most recent beloved television cameo may arguably be Succession, the town has been the setting of countless TV shows and movies — so no matter where you go in the Big Apple, you’re ripe for some déjà vu from the small screen. For Succession fans, specifically, downtown Manhattan is home to The Woolworth Building — i.e., Rava Roy’s home — as well as the Four Seasons Private Residences, just one of the homes of Kendall Roy. Battery Park, where the show’s famed closing sequence was shot, is also worth visiting even if you’ve never seen a single episode.

4. Okmulgee, Oklahoma: Reservation Dogs

While Okern, Oklahoma — the setting of Reservation Dogs — is fictional, Okmulgee, the town where most of the scenes are shot, is not. Just shy of two hours east of Oklahoma CIty, Okmulgee is indeed within the bounds of a Muscogee (Creek) Nation Reservation, and its name comes from a Muscogee word “okimulgee,” meaning “boiling waters.”

5. Goodwood, Ontario, Canada: Schitt’s Creek

Ew, David! — is fortunately not something you’re likely to say if you visit Goodwood, Ontario, the tiny town chosen to represent the titular setting of Schitt’s Creek. In reality, this middle-of-nowhere burg is located just an hour and a half outside of downtown Toronto, and generously welcomes tourist-fans hoping to step foot into their favorite fictional small town. (Several of the show’s filming locations are marked right on Google maps.) It’s a great example of travel destinations inspired by TV shows.

Recommended: How Families Can Afford to Travel on Vacation

6. London, England: Ted Lasso and Bridgerton

A trip to London puts you amidst tons of TV history, most recently Ted Lasso and Bridgerton. Searches for Richmond in London increased by 160% after season two of Ted Lasso aired, and they doubled after season three aired, according to the Expedia poll. If you’re missing everyone’s favorite coach, you can meander through the town of Richmond in southwest London, enjoy a pint in The Prince’s Head (the setting for the show’s favorite watering hole, The Crown & Anchor), walk Coach Lasso’s street (Paved Court), and kick a ball around Richmond Park.

If you’re on a streaming-inspired vacation, you might next jump on a train from Richmond to Hampton Court. Within an hour, you’ll arrive near Hampton Court Palace where Queen Charlotte: A Bridgerton Story was filmed.

7. Oahu, Hawaii: Lost

Looking for yet another reason to visit Hawaii? If you happen to be a Lost fan, you should know that most of the show was shot on the stunning island of Oahu. (That said, if you’re a serious Lost fan, chances are you do already know.)

Because so many of the show’s gorgeous, heartrending shots were taken in the wilds of the island, those who want the most bang for their buck might want to take a professional tour of Lost film locales. Bonus: These tour operators can also typically point out where other shows and movies, including Hawaii Five-0, Jumanji 2018, and Jurassic World, were shot.

Recommended: Where to Keep Your Travel Fund

8. Seattle, Washington: Grey’s Anatomy

With 19 seasons in existence and a 20th officially on the way in 2024, Grey’s Anatomy is one of the longest-running and best-loved medical dramas on TV — and it’s set in one of the most beautiful and interesting cities in the Pacific Northwest. Aside from just taking in the iconic skyline that regularly flashes across the screen during transitional scenes in the show (including both Mount Rainier and the Space Needle), Grey’s fans can stroll Seattle’s Queen Anne neighborhood (home to Meredith Grey’s “Intern House”), see Seattle Grace Hospital (actually not a hospital but KOMO Plaza), and take a ferry across Puget Sound (like Meredith and Derek often did).

9. Scranton, Pennsylvania: The Office

No self-respecting fan of The Office could ever forget where the series is set — but have you ever considered actually making a pilgrimage to see the town in person? Only about two and a half hours’ drive from either New York City or Philadelphia, Scranton offers fans the opportunity to visit legendary sites like Poor Richard’s Pub and Alfredo’s Pizza Cafe. The Lackawanna County Visitors Bureau has even produced a self-guided walking tour, complete with an illustrated map, for visitors.

10. Taormina, Sicily: The White Lotus

To enjoy the beauty — but hopefully not all the drama — of the second season of The White Lotus, head to Taormina in Sicily, a small island off Italy’s southern coast. While you may want to spend less on your hotel, you can still check out the one used in the show, the Four Seasons San Domenico Palace, which is a former monastery that dates back to the 1300s. From there, you can take in views of the Ionian Sea, an ancient amphitheater, and Mount Etna. You can also tour some of the small villages visited by Harper and Daphne, such as Taormina and Noto. To lie on the actual beach used in the show, you’ll need to take a jaunt to Cefalu on the other side of the island.

Popular Travel TV Shows

While it’s fun to travel to the sites of your favorite comedies and dramas, there are plenty of travel-focused TV shows that can also provide inspiration for your upcoming trip. For example, the late Anthony Bourdain’s Parts Unknown offers twelve full seasons of off-the-beaten-path destinations to explore (and eat your way through), and themed shows, like Booze Traveler, make it easy to sniff out the best cocktails from around the world. The world is literally your oyster — or your oyster shot!

You might also check out The Reluctant Traveler with Eugene Levy (of Schitt’s Creek fame), which follows the self-admitted non-adventurer while he ice floats in Finland, tackles his lifelong fear of heights on a suspension bridge over the Costa Rican jungle, and much more.

If you’re a fan of Rainn Wilson (Dwight Shrute from The Office), you might enjoy Rainn Wilson and the Geography of Bliss. The docuseries follows the actor, who has openly discussed his battles with depression and anxiety, as he travels the globe searching for the secrets to the happiest societies.

Benefits of Travel Destinations Inspired by TV Shows

Traveling is almost always a broadening experience, giving travelers the opportunity to step into other cultures and ways of living. And when you travel in a way that’s inspired by your favorite TV show, the experience is amplified all the more by your emotional connection to the characters on the show. The process can make you feel like you’re part of something bigger than yourself — and like you’re joining your favorite fictional characters in their own world.

Travel Destinations Inspired by TV Shows: Important Tips and Tricks

As much fun as it can be to travel to your favorite TV-inspired destinations, vacations generally don’t come cheap. Here are some of our best tips for how to travel in luxury on a budget, whether you’ll be touring internationally or domestically.

•   Travel with fellow fans. While traveling solo certainly has its pleasures, coordinating your trip with family or friends who share your love for a particular series can be an effective budget travel option. For example, as a group, you might rent a large Airbnb with a pool. Group travel also allows you to split the cost of food, gas, and accommodations for the trip. If your group is large enough, certain tours and attractions might also offer you a group discount.

•   Book travel in advance — but not too far in advance. When it comes to domestic travel, the best prices are usually available between about five to one months before your travel dates. (International fares, on the other hand, are usually cheaper if you plan out a little further.)

•   Redeem your rewards. Consider using your credit card miles or cash back to cover the cost of all — or part — of your trip. You may have racked up enough points to cover your airfare and/or hotel. If you’re part of a hotel reward program, now may be a good time to cash in on a free night. Maybe you have points from renting a car from the same agency every time. Working those freebies and discounts can really pay off.

•   Be flexible with travel dates. The dates you choose for your TV-inspired trip can significantly impact the total cost. If possible, consider traveling during the shoulder season or off season for that location. If you are heading to London (and Coach Lasso’s world), for example, November and February tend to be the most budget-friendly months.

The Takeaway

Looking to plan your next getaway in 2024? Consider traveling to one of the locales of your favorite TV shows to enhance your experience.

SoFi Travel has teamed up with Expedia to bring even more to your one-stop finance app, helping you book reservations — for flights, hotels, car rentals, and more — all in one place. SoFi Members also have exclusive access to premium savings, with 10% or more off on select hotels. Plus, earn unlimited 3%** cash back rewards when you book with your SoFi Unlimited 2% Credit Card through SoFi Travel.

Wherever you’re going, get there with SoFi Travel.

FAQ

What is the most trendy travel destination?

Top travel trends for 2024 include:

•   Rest and relaxation This year, it’s less about fitting as many international cities into a two-week trip as possible and more about slowing down. Travelers are increasingly looking to travel as a way to invest in their physical and mental health.

•   Backyard travel After a post-pandemic surge in international travel, people are now scaling back their travel ambitions and focusing more on their own backyards — meaning destinations within a reasonable driving distance. The high cost of travel is also a contributing factor.

•   Destination dupes A trend newly popularized on TikTok, travelers are looking to swap overly touristy and pricey places with less pressured, cheaper alternatives — aka “destination dupes.” Dreaming about the Greek isles? You might try Tarpon Springs, Florida. Longing to visit a quaint German town? Helen, Georgia may fit the bill.

Who is the biggest travel influencer?

In today’s hyper-online world, new influencers appear (and drop out) of the popular conversation every day. In 2024, some of the most popular travel influencers include Jack Morris (@doyoutravel), Chris Burkard (@chrisburkard), and Lauren Bullen (@gypsea_lust).

What is an example of a film tourism destination?

One of the most famous film tourism locations is Scotland, where countless Harry Potter fans make a pilgrimage each year to visit the filming locale of their favorite movies. From the craggy Highlands to the stone-lined streets of Edinburgh, fans will easily recognize many scenes from their favorite shots.


Photo credit: iStock/denisav

**Terms, and conditions apply: The SoFi Travel Portal is operated by Expedia. To learn more about Expedia, click https://www.expediagroup.com/home/default.aspx.
When you use your SoFi Credit Card to make a purchase on the SoFi Travel Portal, you will earn a number of SoFi Member Rewards points equal to 3% of the total amount you spend on the SoFi Travel Portal. Members can save up to 10% or more on eligible bookings.
Eligibility: You must be a SoFi registered user.
You must agree to SoFi’s privacy consent agreement.
You must book the travel on SoFi’s Travel Portal reached directly through a link on the SoFi website or mobile application. Travel booked directly on Expedia's website or app, or any other site operated or powered by Expedia is not eligible.
You must pay using your SoFi Credit Card.

SoFi Member Rewards: All terms applicable to the use of SoFi Member Rewards apply. To learn more please see: https://www.sofi.com/rewards/ and Terms applicable to Member Rewards.
Additional Terms: Changes to your bookings will affect the Rewards balance for the purchase. Any canceled bookings or fraud will cause Rewards to be rescinded. Rewards can be delayed by up to 7 business days after a transaction posts on Members’ SoFi Credit Card ledger. SoFi reserves the right to withhold Rewards points for suspected fraud, misuse, or suspicious activities.
©2023 SoFi Bank, N.A. All rights reserved. Member FDIC. Equal Housing Lender. NMLS #696891 (Member FDIC), (www.nmlsconsumeraccess.org).


Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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What Is an ACH Credit and How Does It Work?

An ACH credit is an electronic transfer that takes money from an account at one bank and credits it to an account at a different bank. All banks and credit unions in the U.S. are connected electronically via a system known as the Automated Clearing House (ACH). This allows for easier movement of money between accounts at different financial institutions.

One of the most popular forms of ACH credit is the direct deposit of your paycheck from your employer. However, there are other times when you may receive or send an ACH credit.

Here’s what you need to know about ACH credits, including their meaning and how these transactions work.

What Are ACH Credit Payments?

Automated Clearing House (ACH) credit payments occur when someone instructs the ACH network to send or “push” money from an account they own at one bank to an account at a different bank, either owned by them or someone else. One common reason why you might get ACH credits to your bank account balance is if you signed up for direct deposit at work. In this case, your employer pushes money from their bank account (usually via a processing partner) to your checking or savings account each time you get paid.

You may also see an ACH credit if you receive a payment from a government agency, or if a friend sends you money using a peer-to-peer transfer service like Venmo or CashApp.

You’ve likely also sent many ACH credits, perhaps without realizing it. When you set up payment through your bank or credit union to make a one-time bill payment or send money to a friend through a payment app, this would be processed as an ACH credit. In both cases, you are pushing money out of your account and into the other party’s account.

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How Does ACH Credit Work?

One way to think about an ACH credit is that it is the digital equivalent of someone writing a paper check. Instead of filling out a check, however, the sender instructs their bank to send money directly into the recipient’s account via the ACH system. To send money via ACH credit, you simply need the recipient’s name, bank account number, routing number, and basic transaction details. The process can take anywhere from a few hours to two business days.

Behind the scenes, your bank batches all of its ACH transfer requests together and sends them out at regular times throughout the day to a clearinghouse that verifies the transfers. The clearinghouse then sends each transfer to the recipient’s financial institution. The National Automated Clearing House Association (NACHA) oversees the ACH network.

What Is an ACH Credit Refund?

An ACH refund (or return) is an electronic transaction that’s sent back to the original sender by the recipient’s bank. This could happen if the recipient’s bank can’t process the transaction due to insufficient funds, an invalid account number, a closed account, among other reasons.

Once the transaction’s been returned, the sender’s bank will notify the original payer and may charge a fee for the return. The sender’s bank may also try to resend the payment, or contact the payee directly in order to resolve the issue.

Recommended: How to Stop or Reverse ACH Payments

What’s the Difference Between an ACH Credit and an ACH Debit?

An ACH credit and ACH debit are two different types of transactions that are processed through the ACH network. The only difference between them is who initiates the transaction.
In an ACH credit transaction, the originator requests to transfer money from their account to the recipient’s account. This is often referred to as a “push” payment.

In an ACH debit transaction, the originator requests to withdraw money from another party’s account and have it transferred to their own account. This is ypically called a “pull” payment.

If you have a service provider you make regular payments to, they might ask you to set up ACH debits to make processing the payment easier on both ends. With a recurring ACH debit, you don’t need to remember to make a payment each month, and the receiver doesn’t need to process manual payments — they automatically pull the money from your account each month.

With ACH credits vs. debits, there is also a difference in transfer speed. A bank can choose to have ACH credits processed and delivered within the same day, or in one to two business days. ACH debit transactions, on the other hand, must be processed by the next business day.

Fees Associated With ACH Credit Transactions

There are fees associated with ACH transactions that are paid to NACHA by the banks involved in the transaction. Banks generally pay both an annual fee to participate in the ACH network, as well as a tiny fee per transaction. There may be an additional fee required for faster or same-day ACH transactions.

These ACH fees may or may not be passed down from the bank to the actual account holder. Check with your bank to see if they charge a fee for sending or receiving an ACH debit or ACH credit transaction.

Future of ACH Credit

The ACH Network has grown in popularity since it was officially established in the mid-1970s, and shows no signs of slowing down. NACHA, its participating banks, and the government continue to work together to make sure that the ACH network remains safe and stable. Other fintech companies are also working to innovate concerning the future of electronic payments.

The Takeaway

The Automated Clearing House (ACH) is a network of banks that allow electronic transactions to be sent to and from accounts. An ACH credit allows you to “push” money online from an account you own at one bank to an account at another bank, either owned by you or someone else.

ACH credits are push transactions. This means the person making the payment originates the transaction. An ACH debit, by contrast, is a pull transaction, and is initiated by the party receiving the money.

There are a variety of reasons why you might see an ACH credit on your account, but one of the most common is a direct deposit or payroll entry from your employer.

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FAQ

What is an ACH credit and how does it work?

An Automated Clearing House (ACH) credit transaction is when someone instructs the ACH network to send money from their account to someone else’s.

A common example of an ACH credit is direct deposit of your paycheck. In this case, your employer pushes money out of their bank account and into your bank account using the ACH network. ACH credits are also used for bill payments and peer-to-peer payments.

What does the future look like for ACH credits?

The National Automated Clearing House Association (NACHA), the organization that oversees the ACH network, is working with the government and other stakeholders to ensure that the ACH network remains safe, secure, and stable. While some of the behind-the-scenes details may change, it’s likely that inter-bank credits and debits will continue well into the future.

Is an ACH credit the stimulus check?

An Automated Clearing House (ACH) credit transaction occurs when an individual or organization instructs the ACH network to send money from their account to someone else’s. There are a variety of reasons why you might see an ACH credit transaction on your account, including direct deposit of your paycheck and direct payments from the government, such as a stimulus check.


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1SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by banks in the SoFi Insured Deposit Program. Deposits may be insured up to $2M through participation in the program. See full terms at SoFi.com/banking/fdic/terms. See list of participating banks at SoFi.com/banking/fdic/receivingbanks.

SoFi members with direct deposit activity can earn 4.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a deposit to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate.

SoFi members with Qualifying Deposits can earn 4.60% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that, in the aggregate, are equal to or greater than $5,000 to an account holder’s SoFi Checking and Savings account (“Qualifying Deposits”) during a 30-day Evaluation Period (as defined below). Qualifying Deposits only include those deposits from the following eligible sources: (i) ACH transfers, (ii) inbound wire transfers, (iii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc. and internal peer-to-peer transfers from a SoFi account belonging to another account holder), (iv) check deposits, (v) instant funding to your SoFi Bank Debit Card, (vi) push payments to your SoFi Bank Debit Card, and (vii) cash deposits. Qualifying Deposits do not include: (i) transfers between an account holder’s Checking account, Savings account, and/or Vaults; (ii) interest payments; (iii) bonuses issued by SoFi Bank or its affiliates; or (iv) credits, reversals, and refunds from SoFi Bank, N.A. (“SoFi Bank”) or from a merchant.

SoFi Bank shall, in its sole discretion, assess each account holder’s Direct Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation Period to determine the applicability of rates and may request additional documentation for verification of eligibility. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit or $5,000 in Qualifying Deposits to your account, you will begin earning 4.60% APY on savings balances (including Vaults) and 0.50% on checking balances on or before the following calendar day. You will continue to earn these APYs for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity or $5,000 in Qualifying Deposits without interruption.

SoFi Bank reserves the right to grant a grace period to account holders following a change in Direct Deposit activity or Qualifying Deposits activity before adjusting rates. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not have Direct Deposit activity or $5,000 in Qualifying Deposits during the current 30-day Evaluation Period and, if applicable, the grace period, then you will begin earning the rates earned by account holders without either Direct Deposit or Qualifying Deposits until you have Direct Deposit activity or $5,000 in Qualifying Deposits in a subsequent 30-Day Evaluation Period. For the avoidance of doubt, an account holder with both Direct Deposit activity and Qualifying Deposits will earn the rates earned by account holders with Direct Deposit.

Members without either Direct Deposit activity or Qualifying Deposits, as determined by SoFi Bank, during a 30-Day Evaluation Period and, if applicable, the grace period, will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances.

Interest rates are variable and subject to change at any time. These rates are current as of 10/24/2023. There is no minimum balance requirement. Additional information can be found at https://www.sofi.com/legal/banking-rate-sheet.


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Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

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A Guide to Keeping Your Data Safe: Top 11 Cyber Security Tips

Of course, there’s a risk in handing over sensitive data. Identity theft is on the rise — the Federal Trade Commission received more than 1.1 million reports of it in 2022 alone. And the total number of data breaches has more than tripled, according to a 2022 report from Verizon.

The good news is, there are steps you can take to help protect your personal information. Some of these you’ll only need to do once, others are a habit that you’ll get the hang of with time.

Let’s take a closer look.

1. Use Strong Passwords

One of the most basic ways to protect yourself online is to use a unique password for each of your accounts — email, social media, mobile banking, you name it. Aim for passwords that are simple for you to remember but difficult for others to guess.

To create a strong password, keep the following tips in mind:

•   Use a combination of upper- and lower-case letters, symbols, and numbers.

•   Longer is usually better — aim for a password that’s at least six characters long.

•   Never use personal information like your name, birthday, or email address.

•   Random passwords are usually difficult for hackers to crack. Use a password generator if you need help.

💡 Quick Tip: Make money easy. Enjoy the convenience of managing bills, deposits, and transfers from one online bank account with SoFi.

2. Turn On Two-Factor Authentication

Take advantage of two-factor authentication (2FA) when possible. 2FA involves using one authentication method plus your username and password. Examples of 2FA include sending a numerical code to your phone or email, using fingerprint ID, or identifying you via facial recognition.

Certain accounts add an extra layer of protection by using authenticator apps like Google Authenticator, Authy, or Microsoft Authenticator. Typically, these apps generate a verification passcode, which you’ll need to enter when you log in.

3. Always Use a Secure Connection

There were concerns in the not-so-distant past about using a public wifi network to get online, as it could make your information vulnerable to hackers. But today, connecting through a public network is usually considered safe. That’s because most websites protect data through encryption, a process that involves scrambling information so it can only be deciphered using a unique encryption key.

To make sure your connection is encrypted, look for either a lock symbol or “https” to the left of the URL in a browser.

4. Know the Signs of a Phishing Scam

Phishing is the oldest trick in the book. Unfortunately, it also happens to be fairly successful.

Phishing emails and text messages can take many different forms: a link to confirm financial information, an alert about suspicious activity or log-in attempts on one of your accounts, an invoice you don’t recognize, a coupon for a free prize.

One effective way to help prevent falling for these scams? Be cautious about emails that have an attachment or embedded link, and don’t click or download anything from a source you don’t recognize. Keep in mind that legitimate companies usually won’t send you a link to change or update your payment information. If you’re not sure whether a message is authentic, you can call the company directly to confirm.

5. Check Your Credit Report

Checking your credit report regularly is a simple way to help protect your identity and financial security. You can request a free credit report from each of the three major credit reporting agencies, Equifax, Experian, and Transunion, by visiting AnnualCreditReport.com . It will detail all the information about your financial history, including credit card debt, student loans, missed payments and more.

When you receive your credit report, make sure all of the information is accurate. If you notice anything that is incorrect, report it to the credit bureaus and dispute any inaccurate information.

💡 Quick Tip: Check your credit report at least once a year to ensure there are no errors that can damage your credit score.

6. Monitor Your Credit Card and Bank Accounts

Keeping tabs on your credit card and bank accounts doesn’t just help with tracking your spending. It’s also a good way to spot mysterious charges.

Sometimes, a scammer will start with a small, unassuming charge and then quickly escalate their spending when they feel that a person isn’t paying attention. Look for strange names and keep tabs on every purchase, no matter how small.

7. Make Social Media Profiles Private

At first glance, this might seem like an unnecessary step. After all, if someone has your social security and your address, what more do they need? But strengthening your privacy settings on your social media accounts can go a long way to protecting your data in the future. Hackers can use photos, comments, and more to learn about you, which could make it easier for them to break into your accounts.

8. Tap Into Online Tools for Help

As data security becomes more important, the government is getting involved. If you think, or know, that your identity has been stolen, you can visit Identity Theft , the Federal Trade Commission’s website dedicated to cyber security protection. There are resources to help you troubleshoot ongoing issues, create a plan to protect your identity, report identity theft, and more.

9. Update Software

Yes, updating apps, web browsers, and operating systems takes time and may temporarily disrupt your work. But the reward — protecting your data — is worth the few extra minutes. Many times, software updates include new features or improved security.

Set updates to happen automatically so you always have the latest and greatest version.

10. If Your Identity Has Been Stolen, Consider Placing a Credit Freeze on Your Files

By placing a credit freeze or security freeze on your files, you can prevent a potential hacker from opening a new account in your name. The freeze restricts access to your credit report, which makes it difficult for a cyber criminal to open up any accounts.

Freezing your credit does not affect your credit score. However, as long as the freeze is in place, you won’t be able to open any new accounts in your name. If you’re planning to rent an apartment, apply for a job, or buy insurance, you’ll likely need to temporarily lift the freeze for a certain amount of time or for a specific party.

Check with the credit reporting company in advance to find out the costs and lead times. The process is daily involved, as you’ll have to request a credit freeze with all three agencies.

Also, it’s worth mentioning that a credit freeze doesn’t prevent a hacker from adding charges to your existing accounts

11. Consider Placing a Fraud Alert on Your File If You Suspect Identity Theft

This is a much easier option than placing a full credit freeze, as it only requires creditors to confirm your identity instead of freezing all your credit in the future. It may be a good step to take if you are concerned that someone might have been able to access your personal data but lack proof

The Takeaway

Data breaches and identity theft happen, but by taking some simple precautions, you can help keep your personal information from falling into the wrong hands.

Cybercrime isn’t just disruptive, it can also be expensive. That’s why SoFi has partnered with Blink by Chubb to help protect your finances with cyber insurance. Apply in just minutes and get your quote.

SoFi helps you safeguard your digital life.


Photo credit: iStock/ozgurcankaya

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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