SoFi Blog

Tips and news—
for your financial moves.

Jul
18
2024

Unlimited 2% Card 15TT + $200 ESB Offer Terms and Conditions

By | 1_Web_CreditCard | Comments Off on Unlimited 2% Card 15TT + $200 ESB Offer Terms and Conditions

SoFi Unlimited 2% Credit Card Terms & Conditions

SOFI CREDIT CARD TERMS OF OFFER INTEREST RATES AND INTEREST CHARGES

Annual Percentage Rate (APR) for Purchases

0% Introductory APR on purchases for the first 15 months from account opening. After that, your standard purchase APR will be 18.74% to 29.24% based on your creditworthiness. Your standard APR will vary with the market based on the Prime Rate.

Annual Percentage Rate (APR) for Balance Transfers

0% Introductory APR on balance transfers for the first 15 months from the date of first transfer when transfers are completed within 60 days from the date of account opening. After that, your standard purchase APR will be 18.74% to 29.24% based on your creditworthiness. The standard APR will vary with the market based on the Prime Rate. The maximum amount you may use for Balance Transfers will not exceed 75% of your total Credit Limit.

Annual Percentage Rate (APR) for Cash Advances

30.74%. This APR will vary with the market based on the Prime Rate.

How to Avoid Paying Interest on Purchases

Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases made during the most recent billing cycle if you pay your entire balance (adjusted for any financing plan, if applicable) in full on or before the due date each month. We will begin charging interest on cash advances and balance transfers on the transaction date.

Minimum Interest Charge

If you are charged interest, the charge will be no less than $1.00.

For Credit Card Tips from the Consumer Financial Protection Bureau

To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at https://www.consumerfinance.gov/learnmore

FEES
Annual Fee None
Transaction Fees

  • Balance Transfer Fee
  • Cash Advance Fee

  • The greater of $10 or 5% of the Balance Transfer
  • The greater of $10 or 5% of the Cash Advance
Penalty Fees

  • Late Payment Fee
  • Returned Payment Fee

  • Up to $41
  • None

How We Will Calculate Your Balance

We use the “daily balance” method including new transactions, to calculate the daily balance on which we will charge interest.

Loss of Introductory APR

We may revoke any promotional APR if you fail to make a payment of at least the minimum payment due within 60 days of the due date. Your new APR will be the Standard Purchase APR.

Bonus Terms

In order to receive the $200 bonus, your SoFi Unlimited 2% Credit Card account must be in good standing, and you must spend $1,000 or more within 90 days of account opening. You will receive your bonus as a statement credit to your SoFi Unlimited 2% Credit Card account. The following charges and transactions shall be excluded when calculating your total spend during the Promotion Period: reversed transactions, returned purchases, fees or interest charges, balance transfers or cash advances, purchase of traveler’s checks or other cash equivalents, purchase or reloading of prepaid cards, and quasi-cash transactions with certain categories of merchants. This offer does not change your responsibility to make the minimum monthly payment. Allow 45 days from qualifying for the statement credit to be posted to your SoFi Unlimited 2% Credit Card account.

Variable Rates

Your Daily Periodic Rate(s) and corresponding Annual Percentage Rate(s) will change if the Prime Rate changes. If the Daily Periodic Rate(s) and corresponding Annual Percentage Rate(s) increase, your interest charges will increase, and your minimum payment will be greater. Complete details regarding how the variable rate is determined are set forth in the Cardholder Agreement.

Payment Allocation

We decide how to apply your payment, up to the minimum payment, to the balances on your account. We may apply the minimum payment first to interest charges, then to the balances with the lowest APR and then to Balances with higher APRs.

If you pay more than the Minimum Payment, we’ll apply the amount over the Minimum Payment first to the Balance with the highest APR, then to the Balance with the next highest APR, and so on, except as otherwise required by applicable law.

SoFi Unlimited 2% Credit Card Terms & Conditions

The SoFi Unlimited 2% Credit Card is issued by SoFi Bank, N.A. (“SoFi”, “we”, “us”, or “our”). By submitting this application, you request that we establish a card account (the “SoFi Credit Card Account”) for you and any authorized users you have designated. You agree that all information provided in this application must be verifiable and accurate. The SoFi Credit Card Account will be governed by the terms of the cardholder agreement (“Cardholder Agreement”) which will be provided when the SoFi Credit Card Account is issued.

Your eligibility for a SoFi Credit Card Account or a subsequently offered product or service is subject to the final determination by SoFi Bank, N.A., as issuer. Please allow thirty (30) days from the date of submission to process your application.

You must be at least 18 years of age (or of legal age in your state of residence). The card offer referenced in this communication is only available to individuals who reside in the United States. This communication is not and should not be construed as an offer to individuals outside of the United States.

Identity Verification

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW CARD ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a SoFi Credit Card Account. This means that we will ask for your name, address, date of birth, and other information that will allow us to identify you when you open a SoFi Credit Card Account. We may also ask to see your driver’s license or other identifying documents; and obtain identification information about you or any authorized user you add to your SoFi Credit Card Account.

Credit Reports

Upon completion of your Credit Card application and submission, you authorize us to request a copy of your credit report from one or more consumer agencies. Upon receiving your completed application, we will conduct a soft credit pull, which will not impact your credit score. You hereby authorize us to conduct a soft credit pull upon receipt of your application. You understand that after evaluating your completed application and soft pull credit report, we may determine not to offer credit to you. If we approve your application, we will conduct a hard credit pull, which might impact your credit score. You hereby authorize us to conduct a hard credit pull following approval of your application.

You authorize us to request credit reports and other information about you from consumer reporting agencies and other sources, for such purposes as: (a) determining whether to issue you a SoFi Credit Card Account, (b) administering, reviewing and renewing the SoFi Card Account, (c) credit line increases or decreases, (d) collection and other servicing of the SoFi Credit Card Account, (e) offering other products, (f) services, and (g) for any other uses permitted by law. We may report negative information about your SoFi Credit Card Account payment history, like delinquencies, to consumer reporting agencies.

Cardholder Agreement

If you are approved for a SoFi Credit Card Account, you’ll receive the Cardholder Agreement. By activating your SoFi Credit Card Account, using the SoFi Unlimited 2% Credit Card or making any payment to your Account, you are agreeing to be bound by the terms of the Cardholder Agreement. We have the right to make changes to the terms of your SoFi Credit Card Account (including rates and fees) in accordance with the Cardholder Agreement.

In New York, this Agreement begins on the first date that you sign a sales slip or memorandum evidencing the purchase of goods or services.

Credit Eligibility

To receive a SoFi Credit Card Account, you must meet certain applicable criteria bearing on creditworthiness. Your revolving credit limit may be determined based on the following:

  • Your annual salary and wages
  • Any other annual income
  • A review of your debt, including the debt listed on your credit report.
  • A review of your credit history and other factors deemed relevant by the issuer

We’ll inform you of your revolving credit limit when you’re approved for your SoFi Credit Card Account. Some credit limits may be as low as $500.

About Adding An Authorized User

Before adding an authorized user to your SoFi Credit Card Account you should know that:

  • You’re responsible for all charges made to your SoFi Credit Card Account by the authorized user
  • Authorized users have access to your SoFi Credit Card Account information
  • Before adding an authorized user, you must first let them know that we may report SoFi Credit Card Account performance to the credit reporting agencies in the authorized user’s name
  • A review of your credit history and other factors deemed relevant by the issuer

If we ask for information about the authorized user, you must obtain their permission to share their information with us and for us to share it as allowed by applicable law.

Additional Information

Any benefit, reward, service or feature offered in connection with your Card Account may change or be discontinued at any time for any reason, except as otherwise expressly indicated. SoFi Bank isn’t responsible for products and services offered by other companies.

SoFi Unlimited 2% Credit Card Rewards Program

With the SoFi Unlimited 2% Credit Card, you can earn rewards points for purchases made using your card, rewards offered through the SoFi Member Rewards Program, or other rewards offered from time to time, and you can redeem those rewards points for statement credits and other redemption methods offered through the SoFi Member Rewards Program. More details on SoFi Unlimited 2% Credit Card Rewards can be found here.

SoFi Member Rewards Program

As a SoFi member, you can earn points by using features across SoFi products that are designed to help you Get Your Money Right. When you elect to redeem rewards points toward active SoFi accounts, including but not limited to, your SoFi Checking or Savings account, SoFi Money® account, SoFi Active Invest account, SoFi Credit Card account, SoFi Personal Loan, Private Student Loan, Student Loan Refinance, or towards SoFi Travel purchases, your rewards points will redeem at a rate of 1 cent per every point. More details on the SoFi Member Rewards Program can be found here.

Mastercard World Elite Benefits

You are also eligible for more rewards through the Mastercard World Elite Benefits program when shopping with eligible merchants. More details on the Mastercard World Elite Benefits program can be found here.

Fraud, Misuse, Abuse, or Suspicious Activity

If we see evidence of fraud, misuse, abuse, or suspicious activity, we’ll investigate and, if we determine that fraud, misuse or abuse has occurred, we may take action against you. This action may include, without limitation and without prior notice:

  • Taking away the rewards points you earned because of fraud, misuse, or abuse
  • Suspending or closing your SoFi Credit Card Account
  • Taking legal action to recover our monetary losses, including litigation costs and damages

Some examples of fraud, misuse, abuse and suspicious activity include:

  • Using your SoFi Credit Card Account in an abusive manner for the primary purpose of acquiring rewards points
  • Using your SoFi Credit Card Account other than primarily for personal, consumer, or household purposes

SoFi Bank reserves the right to take action, including but not limited to those actions enumerated above, based on your activity across any SoFi product, as well as external information received from SoFi third-party vendors, external bureaus, or industry referrals.

Special Notices

California Residents:
If married, you may apply for a separate account.

Delaware Residents:
Service charges not in excess of those permitted by law will be charged on the outstanding balances from month to month.

Ohio Residents:
The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio civil rights commission administers compliance with this law.

Wisconsin Residents:
If you are applying for individual credit or joint credit with someone other than your spouse, and your spouse also lives in Wisconsin, combine your financial information with your spouse’s financial information. No provision of any marital property agreement, unilateral statement under Section 766.59 of the Wisconsin statutes or court order under section 766.70 adversely affects the interest of the lender, unless the lender, prior to the time credit is granted, is furnished a copy of the agreement, statement of decree or has actual knowledge of the adverse provision when the obligation to the lender is incurred. If married, you understand that your lender must inform your spouse if a credit account is opened for you.

Additional documents

As a reminder, the SoFi Unlimited 2% Credit Card is a completely digital product. All written communications related to the card will be online or in electronic format. The following is a link to the SoFi Esign terms and conditions that you must agree to in connection with your application for the SoFi Unlimited 2% Credit Card.

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Jul
17
2024

Is 713 a Good Credit Score?

By | Uncategorized | Comments Off on Is 713 a Good Credit Score?


Is 713 a Good Credit Score?

713 credit score

On this page:

    On this page:

      By Jason Steele

      (Last Updated – 07/2024)

      A 713 credit score is considered to be “good” credit, and should give you access to a wide array of loans and credit cards. However, your score isn’t as good as it could be, and falls below the “very good” and “exceptional” credit tiers. As a result, you may not receive the lowest available annual percentage rates (APRs) or a lender’s most favorable terms.

      Let’s take a closer look at what a 713 credit score means, and what kind of credit cards, auto loans, personal loans, and mortgages you can get with this score.

      What Does a 713 Credit Score Mean?

      A credit score is a three-digit number, typically ranging between 300 and 850, meant to predict how likely someone is to repay a loan on time. Your credit scores (yes, you have more than one) are calculated based on account and payment information in your credit reports. You have three credit reports, one from each of the major credit bureaus (Equifax, Experian, and TransUnion).

      There are two major credit score providers, FICO® and VantageScore®. Using the FICO scoring model, which is the one most commonly used, a 713 credit score falls into the “good” range (670 to 739), but below the “very good” (740 to 799) and “exceptional” (800+) tiers. With VantageScore, a 713 credit score also lands in the “good” range (661 to 780), below the “excellent” tier (781 to 850).

      A 713 score can mean that you are newer to credit or that you’ve been using credit for a while but have made a few mistakes along the way, such as the occasional late payment or using a large amount of your available credit. Nevertheless, your 713 credit score is close to the average credit score in the U.S., which is 717. Having “good” and not “fair” or “poor” credit also signals to lenders that you are an acceptable borrower and relatively low risk.

      Recommended: FICO Score vs Credit Score

      What Can You Get with a 713 Credit Score?

      With a 713 credit score, you are likely to have access to a variety of lending products, including credit cards, auto loans, personal loans, and home mortgages. Here’s a breakdown of what you may be able to qualify for with a 713 score.

      Can I Get a Credit Card with a 713 Credit Score?

      Your credit score plays a big role in whether or not you can get approved when applying for a new credit card. It also determines the credit limit, interest rate, and perks the card issuer will offer you. Generally, higher scores will qualify you for larger limits, better rewards programs, and lower interest rates.

      With a 713 credit score, you shouldn’t have difficulty getting approved for a credit card, including cards with no annual fees and those that offer some cash back or travel rewards. You’ll also likely qualify for most store credit cards, which can only be used at that particular store or chain of stores.

      That said, a 713 score likely isn’t going to be high enough to qualify for premium travel rewards cards that offer generous perks, sign-up bonuses, and lower interest rates, or the best 0% APR offers. These more exclusive credit cards typically require borrowers to have a score between 720 and 850.

      Can I Get an Auto Loan with a 713 Credit Score?

      You should be able to get approved for most auto loans with a 713 credit score. About 69% of vehicle financing is for borrowers with credit scores of 661 or higher, according to Experian.

      The car loans with the lowest interest rates and most favorable terms, however, are generally reserved for borrowers who have “very good” or “exceptional” credit. For example, borrowers with credit scores between 781 to 850 pay, on average, 5.38% APR for a new car loan; those with scores between 661 to 780 pay, on average, 6.89% APR for a new car loan.

      Whether you get approved for an auto loan and what rate you’ll be offered will also depend on how much money you put down on the car and how much you’re looking to borrow.

      Can I Get a Mortgage with a 713 Credit Score?

      You can likely get a mortgage loan with a 713 credit score, including a conventional mortgage (the most commonly used mortgage loans) and a jumbo loan (which carries higher amounts than conventional loans). However, you probably won’t qualify for a mortgage lender’s best rate. Instead, you’ll likely pay an interest rate in line with national averages.

      Whether you qualify for a mortgage and at what interest rate, however, will depend on more than your credit score. Lenders will likely also look closely at your debt-to-income ratio (DTI), which is the percentage of your monthly gross income that is being used to pay your monthly debts. A DTI of 43% is typically the cut-off for getting approved for a mortgage, but lenders generally prefer ratios of no more than 36%.

      As part of your application, a mortgage lender will also consider the amount of your down payment, along with your income and employment history.

      Can I Get a Personal Loan with a 713 Credit Score?

      Like most credit cards, personal loans are typically unsecured, meaning they’re not backed by collateral. As a result, lenders rely solely on a borrower’s creditworthiness to assess if a borrower qualifies and at what rate. Creditworthiness is usually a combination of your credit history and score, in addition to income and debt.

      The good news is that you shouldn’t have difficulty getting a personal loan with a 713 score. To qualify, borrowers generally need a minimum credit score of 580. Your chances of getting a low interest rate on a personal loan, however, will be much higher if you have a credit score of 740 or above.

      Once approved, a personal loan gives you access to a lump sum of money (anywhere between $1,000 to $50,000, sometimes more) that you can use for virtually any purpose. Personal loans are commonly used for home improvements, credit card consolidation, medical debt, large purchases, weddings, funeral costs, and more.

      The Takeaway

      A 713 credit score is a good credit score, but it’s not as good as it could be. To qualify for loans with the lowest interest rates and receive the most favorable terms, you’ll want to get your credit score closer to 740, ideally even higher. Building your credit — by always making on-time credit payments, catching up on past-due accounts, and paying down revolving account balances — can help improve your credit profile and allow you to unlock lending products with lower rates in the future.

      Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.


      SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.

      View your rate

      Photo credit: iStock/Tick-Tock

      SoFi Loan Products
      SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.


      Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
      Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .

      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.



      SOPL-Q224-1878550-V1

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      Jul
      16
      2024

      SoFi Everyday Cash Rewards Credit Card

      By | 1_Web_CreditCard | Comments Off on SoFi Everyday Cash Rewards Credit Card

      {/* CC Everday Cash Reward 7/16/24*/}
      {/* https://www.sofi.com/credit-card/ecr-LP-15TT200 */}


      {/* Hero */}

      New! SoFi Everyday
      Cash Rewards Credit Card

      Earn up to 3% cash back rewards toward your money goals.

      You’re preselected1 for unlimited 3% cash back rewards on dining, 2% at grocery stores, and 1% on all other eligible purchases2*—with no annual fee.† Plus, get 0% Intro APR for 15 months3 and $200 when you spend $1,000 in 90 days.4 Offer ends 1/16/25.


      Apply now




      See Pricing, Terms & Conditions


      *
      See Rewards Details

      This offer is only valid for original recipients of a prescreened invitation from SoFi.

      1You can choose to stop receiving “prescreened” offers of credit from this and other companies by calling toll-free 1-888-5-OPTOUT (1-888-567-8688). See PRESCREEN AND OPT-OUT NOTICE BELOW for more information about prescreened offers.

      {/* 0% Intro APR for 15 months and $200 */}

      0% Intro APR for 15 months and $200? Yes, please.


      Get 0% Intro APR on balance transfers and purchases for 15 months.3 After 15 months, your APR will change to 18.74% to 18.74% based on your credit worthiness. Balance transfers must be completed within 60 days of account opening. Plus, earn $200 for spending $1,000 within 90 days.4 Offer ends 1/16/25.


      Apply now


      {/* Your cash back rewards are as simple as 3-2-1. */}

      Your cash back rewards
      are as simple as 3-2-1.



      • Up to 3% cash back rewards2*

        Earn unlimited 3% cash back rewards on all things dining (including takeout and delivery apps), 2% at grocery stores and online grocery delivery, and 1% on all other eligible purchases.



      • Fewer restrictions

        Enjoy no limits or caps on earnings, or minimum to redeem your cash back rewards.



      • Earn toward your money goals

        Redeem as statement credit—or toward saving, investing, and paying down eligible SoFi debt.*


      Apply now

      {/* Fewer fees. More benefits */}

      Fewer fees.
       More benefits.

      No annual fee†

      You read that right, pay no annual fee. Period.

      No foreign transaction fees

      Don’t worry about credit statement shock from international surcharges.

      Zero Fraud Liability5

      Don’t worry about paying for fraudulent transactions thanks to Zero Fraud Liability.

      Mastercard World Benefits5

      Enjoy monthly $5 credits for Lyft, free 2-day shipping from ShopRunner, and more.

      ID Theft Protection6

      Your identity is safe with us thanks to enhanced security.

      SoFi Travel rewards7

      Earn 3% cash back rewards when you book trips through SoFi Travel.

      {/* Consider this your credit card cheat sheet */}

      Consider this your
      credit card cheat sheet.








      See more articles

      {/*FAQs*/}

      FAQs


      Will applying to a SoFi Credit Card impact my credit score?

      The initial SoFi credit card application is a soft credit pull, which will bring no impact to your credit score if you get declined. However if you’re accepted – we will run a hard pull which may impact your credit score.


      How do I earn cash back rewards?

      You will earn unlimited 3% cash back rewards on a wide variety of dining out and dining in options:

      Dining out includes a wide variety of categories like restaurants, cafes, bars, lounges, fast food chains, and bakeries. Dining in includes food delivery platforms like DoorDash and UberEats.

      You will earn unlimited 2% cash back rewards on everyday grocery shopping at a wide variety of grocery stores, online grocery delivery, and convenience stores nationwide.

      You will earn unlimited 1% cash back on all other purchases. This is automatically applied to every purchase you make – whether you swipe, dip, tap, or pay online. See more details at https://www.sofi.com/card/rewards?cardType=h


      What are the requirements to get a SoFi credit card?

      To be eligible for a SoFi credit card, you must be at least 18 years old (or the legal age required by your state of residence), have a physical U.S. mailing address, and possess a valid Social Security number. The SoFi Everyday Cash Rewards card is designed for those with good to excellent credit.


      How do I get started applying for a SoFi credit card online?


      If you’re not currently a SoFi member, the Apply Now button above will prompt you to create a SoFi account. If you are already a member, you’ll be asked to log in before applying. In either case, your online application can be completed in less than 2 minutes!


      How can I redeem the cash back rewards on my credit card?


      You can redeem rewards as statement credits or distribute them in other  SoFi products including SoFi Checking & Savings, Invest, and eligible SoFi loan payment products.


      How do ID Theft Protection and Zero Fraud Liability work?


      At SoFi, the protection of our members is of the utmost importance. Click here to learn more about how we protect you against identity theft and fraud.


      See all FAQs



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      Jul
      16
      2024

      SoFi Essential Credit Card

      By | 1_Web_CreditCard | Comments Off on SoFi Essential Credit Card

      {/* CC Essentials LCM No Annual Fee 7/10/24*/}
      {/* https://www.sofi.com/credit-card/ess-lp-nofee/ */}


      {/* Hero */}

      New! Credit Card

      It’s here—the new SoFi Essential Credit Card with no surprise fees.

      You’re preselected1 for a credit card you can actually rely on. Wave goodbye to overlimit fees, returned payment fees, and annual fees†—and say hello to enhanced fraud protection.2 Offer ends 10/3/2024.


      Apply now




      See Pricing, Terms & Conditions


      *
      See Rewards Details

      This offer is only valid for original recipients of a prescreened invitation from SoFi.

      1You can choose to stop receiving “prescreened” offers of credit from this and other companies by calling toll-free 1-888-5-OPTOUT (1-888-567-8688). See PRESCREEN AND OPT-OUT NOTICE BELOW for more information about prescreened offers.

      {/* Benefits that have your back */}

      Benefits that

      have your back.




      • No surprise fees

        Forget overlimit fees, returned payment fees, and foreign transaction fees.



      • No annual fee†

        That’s right, you won’t have to worry about getting dinged every year just for having a card.



      • Enhanced fraud protection2

        Rest assured with our Zero Liability Fraud Protection for an extra layer of security.



      Apply now

      {/* More reasons you can rely on the SoFi Essential Credit Card. */}

      More reasons you can rely on the SoFi Essential Credit Card.

      No penalty repricing

      Your APR† won’t increase for making a late payment.

      SoFi Travel rewards3

      Earn unlimited 3% cash back rewards when you book through SoFi Travel.

      Track your finances

      Set and monitor spending targets, and track your credit score—at no cost.

      Mastercard benefits2

      Enjoy Priceless Experiences, Airport Concierge, and more.

      {/* Resources to help you conquer the wild world */}

      Resources to help you
      conquer the wild world of credit cards.








      See more articles

      {/*FAQs*/}

      FAQs


      Will applying to a SoFi Credit Card impact my credit score?


      The initial SoFi credit card application is a soft credit pull, which will bring no impact to your credit score if you get declined. However if you’re accepted – we will run a hard pull which may impact your credit score.


      Can I share this offer with friends or family?

      No – the SoFi Essential Card is currently invite only. Offers are non-transferrable.


      Can I make a one-time payment?

      You can set up auto-pay right away, but if you want to make a one-time payment, you can do so anytime in the app.


      How do I get started applying for a SoFi credit card online?

      If you’re not currently a SoFi member, the Apply Now button above will prompt you to create a SoFi account. If you are already a member, you’ll be asked to log in before applying. In either case, your online application can be completed in less than 2 minutes!


      How do ID Theft Protection and Zero Fraud Liability work?


      At SoFi, the protection of our members is of the utmost importance. Click here to learn more about how we protect you against identity theft and fraud.


      See all FAQs


      Read more
      Jul
      16
      2024

      SoFi Essential Credit Card

      By | 1_Web_CreditCard | Comments Off on SoFi Essential Credit Card

      {/* CC Essentials LCM Zero Percent 7/10/24*/}
      {/* https://www.sofi.com/credit-card/ess-lp-9tt/ */}


      {/* Hero */}

      New! Credit Card

      It’s here—the new SoFi Essential Credit Card with 0% Intro APR.

      You’re preselected1 for a credit card you can actually rely on. Wave goodbye to overlimit fees, returned payment fees, and annual fees.† Enjoy a special 0% Intro APR on balance transfers and purchases for nine months4 and a 28.99% APR after that. Balance transfers must be completed within 60 days of account opening. Offer ends 1/7/2026.


      Apply now




      See Pricing, Terms & Conditions


      *
      See Rewards Details

      This offer is only valid for original recipients of a prescreened invitation from SoFi.

      1You can choose to stop receiving “prescreened” offers of credit from this and other companies by calling toll-free 1-888-5-OPTOUT (1-888-567-8688). See PRESCREEN AND OPT-OUT NOTICE BELOW for more information about prescreened offers.

      {/* Benefits that have your back */}

      Benefits that

      have your back.




      • No surprise fees

        Forget overlimit fees, returned payment fees, and foreign transaction fees.



      • No annual fee†

        That’s right, you won’t have to worry about getting dinged every year just for having a card.



      • Enhanced fraud protection2

        Rest assured with our Zero Liability Fraud Protection for an extra layer of security.



      Apply now

      {/* More reasons you can rely on the SoFi Essential Credit Card. */}

      More reasons you can rely on the SoFi Essential Credit Card.

      No penalty repricing

      Your APR† won’t increase for making a late payment.

      SoFi Travel rewards3

      Earn unlimited 3% cash back rewards when you book through SoFi Travel.

      Track your finances

      Set and monitor spending targets, and track your credit score—at no cost.

      Mastercard benefits2

      Enjoy Priceless Experiences, Airport Concierge, and more.

      {/* Resources to help you conquer the wild world */}

      Resources to help you
      conquer the wild world of credit cards.








      See more articles

      {/*FAQs*/}

      FAQs


      Will applying to a SoFi Credit Card impact my credit score?


      The initial SoFi credit card application is a soft credit pull, which will bring no impact to your credit score if you get declined. However if you’re accepted – we will run a hard pull which may impact your credit score.


      Can I share this offer with friends or family?

      No – the SoFi Essential Card is currently invite only. Offers are non-transferrable.


      Can I make a one-time payment?

      You can set up auto-pay right away, but if you want to make a one-time payment, you can do so anytime in the app.


      How do I get started applying for a SoFi credit card online?

      If you’re not currently a SoFi member, the Apply Now button above will prompt you to create a SoFi account. If you are already a member, you’ll be asked to log in before applying. In either case, your online application can be completed in less than 2 minutes!


      How do ID Theft Protection and Zero Fraud Liability work?


      At SoFi, the protection of our members is of the utmost importance. Click here to learn more about how we protect you against identity theft and fraud.


      See all FAQs


      Read more
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      Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org)

      ✝︎ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

      INVESTMENTS: NOT FDIC INSURED • HAVE NO GUARANTEE • MAY LOSE VALUE. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The SoFi Wealth platform is operated and maintained by SoFi Wealth LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of SoFi Wealth LLC by SoFi Securities LLC, an affiliated broker-dealer registered with the Securities and Exchange Commission and a member of FINRA /SIPC . Clearing and custody of all securities are provided by APEX Clearing Corporation. For more information, please see SoFi Wealth LLC’s Form ADV Part 2 by clicking here for SoFi's Wealth Form ADV Part 2 A&B or by visiting www.adviserinfo.sec.gov .
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