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

When you apply, SoFi conducts a soft credit pull that will not affect your credit score. An approved application will result in a hard credit pull, which may impact your credit score.

How can I redeem the 2% cash back rewards I earn on my credit card?

You can redeem rewards points for cash deposited into your SoFi Checking or Savings account, SoFi Money® account, fractional shares in your SoFi Active Invest account, as a statement credit to your SoFi Credit Card account, or as a payment to your SoFi Personal, Private Student, or Student Loan Refinance at a rate of 1 cent per every point.

I tried to make a payment at my favorite store but the tap feature didn’t work, why?

You can swipe, dip (where you insert it), or tap, your card to make a payment but tap won’t be enabled until you dip the card for the first time. This is an enhanced security feature.

I have a credit freeze in place. Can I still apply?

In order to apply for the credit card you must temporarily lift the credit freeze. Please contact Experian (Credit Bureau) to remove the freeze.

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.

Where can I access my Terms & Cardholder Agreement?

You will be able to review and accept Terms & Cardholder Agreement during application flow, and we will also email these to you.

SoFi Unlimited 2% Credit Card

Accounts subject to additional credit approval. To qualify for approval, you must meet SoFi’s pre-established underwriting requirements, including verification of sufficient income to support your ability to pay. We will not extend you credit if you do not meet our pre-established criteria. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS PROSPECTIVELY BASED ON MARKET CONDITIONS AND BORROWER ELIGIBILITY. If approved for a SoFi Credit Card, your credit access line will be at least $500. 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, pursuant to license by Mastercard® International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Please allow up to 30 days from date of submission to process your application. The card offer referenced in this communication is only available to individuals who are at least 18 years of age (or of legal age in your state of residence), and who reside in the United States.

^†See Pricing, Terms & Conditions

¹Members earn 2 rewards points for every dollar spent on purchases. No rewards points will be earned with respect to reversed transactions, returned purchases, or other similar transactions. 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, or SoFi Personal, Private Student, Student Loan Refinance, or toward SoFi Travel purchases, your rewards points will redeem at a rate of 1 cent per every point. For more details, please visit www.sofi.com/card/rewards?cardtype=c. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA /SIPC. SoFi Securities LLC is an affiliate of SoFi Bank, N.A.

²Terms, 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/
Terms applicable to Member Rewards: https://www.sofi.com/terms-of-use/#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.

⁴Certain World Elite Mastercard® Benefits have additional terms and conditions, which can be accessed through the World Elite Mastercard® Benefits portal. Please see your guide to benefits for details or call 1-800-MASTERCARD.

⁵Mastercard ID Theft Protection™: This World Elite Mastercard® Benefit comes at no additional cost. Cardholders need to register for this service. To activate your alerts benefit, visit mastercardus.idprotectiononline.com and enter your card number to start the registration process. Certain terms, conditions, and exclusions apply. This service is provided by Generali Global Assistance, Inc. Please see your guide to benefits for details or call 1-800-MASTERCARD.

⁶Cell Phone Protection: The use of your SoFi Credit Card comes with $1,000 in yearly cell phone protection coverage ($800 max per claim, 2 claims per year) should your cell phone get stolen or need certain repairs. Please see your guide to benefits for details or call 1-800-MASTERCARD.

^**Factors considered in determining whether a customer has excellent credit include, but are not limited to, whether a customer has defaulted on a loan in the past 7 years, has had more than 5 years of on-time payments on their loans and credit cards, and has not been more than 30 days late on any payment in the last year. These factors are intended as guidelines and not as firm criteria for approval as you may meet these criteria and still be declined. Additional factors from your application and credit history will also be considered.

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