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Guide to FSA Debit Cards
https://www.sofi.com/learn/content/fsa-debit-card/
If you have a flexible spending account, an FSA debit card allows you access these pre-tax dollars you’ve set aside. With an FSA debit card, you can pay for qualifying medical purchases without having to file a reimbursement claim through your employer. In other words, an FSA debit card can make your healthcare spending that […]
Home Equity Lines of Credit (HELOCs) vs Personal Lines of Credit
https://www.sofi.com/learn/content/personal-line-of-credit-vs-heloc/
If you’re looking for a tool you can use to borrow money when you need it, you may be wondering which is the better choice: a personal line of credit or a home equity line of credit (HELOC). In this guide we’ll compare these two types of credit lines — both of which function similarly […]
No Annual Fee and No Foreign Transaction Fee Credit Cards
https://www.sofi.com/learn/content/no-annual-fee-no-foreign-transaction-fee-credit-card/
Depending on the credit card issuer and the card, there can be foreign transaction fees assessed when you purchase an item overseas as well as annual fees. There are also some credit cards that don’t charge any foreign transaction fees or annual fees at all. Opting for a no annual fee and no foreign transaction […]
Average Credit Score by Age 40
https://www.sofi.com/learn/content/average-credit-score-by-age-40/
The average credit score in the U.S. is 717, according to FICO®. Among 40-year-olds, the average score is slightly lower at 690. Both scores fall into the good range and are looked upon favorably by lenders. However, a score of 740 or higher is considered very good, while a score of 800+ is exceptional and […]
Guide to Checking Your Credit Card Approval Odds
https://www.sofi.com/learn/content/credit-card-approval-odds/
Figuring out whether you will get approved for a credit card is seemingly simpler now with credit card approval odds calculators. These tools can offer guidance, highlighting credit cards with high approval odds in your favor. However, they are not always reliable. It can be helpful to also understand the key factors that can help […]