SoFi Blog

There are many factors that determine the credit limit and APR. Your current rate is the best rate we can offer at this time; however, don’t forget that the SoFi Credit Card offers rewards for continued on time payments. See your Terms and Conditions for full details.

You can update your personal information by clicking on your member icon (or photo) in the top left corner of the mobile application and selecting “profile”. Here you will see all of your personal information on file, as well as the option to “Edit” or “Add” the information that you are able to change. For security purposes, name and social security information can only be changed by calling us at 855-456-7634 and speaking with a representative by selecting option 2.

Yes you can. Keep in mind, cash advance charges are subject to a 5% or $10 minimum fee for each transaction, plus any ATM fees, and are subject to a higher interest rate than your standard APR. There is a minimum withdrawal amount of $40, as well as a daily limit of $1000 per day. Your total cash limit, including fees, is 30% of your total credit line. Check out SoFi Money as a lower cost option to withdraw cash.

Feel free to call us at 855-456-7634 and select the Credit Card option to reach out to us with any additional questions

We use the “daily balance” method (including new transactions) to calculate the Balances on which we will charge interest. For each day in the Billing Period, we determine the Daily Balance for your Account as follows:

We start with the beginning balance for each Balance Category (Purchase Transactions, Cash Advances, Balance Transfers, etc.) for the day; For each Balance Category, we add an amount equal to the applicable Daily Periodic Rate multiplied by the beginning balance for that Balance Category; We add any new Transactions, Cash Advances, and Balance Transfers, as applicable, to the corresponding Balance Category and any corresponding debits, plus any related fees incurred for the current day; and we subtract from the balance of each Balance Category; any applicable payments and credits received that day.

This gives us the Daily Balance for each Balance Category for that day. The addition of the prior day’s interest in the Daily Balance calculation causes interest to compound daily. If any Daily Balance is less than zero, we treat it as zero. For each Billing Period, the total amount due will be the sum of the Daily Balances for each day in the Billing Period.