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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 […]
How to Read and Understand Your Credit Report
https://www.sofi.com/learn/content/how-to-read-a-credit-report/
It’s a good idea to regularly review your credit report. Doing so can help ensure that the information used to calculate your credit scores is accurate and up to date. It can also alert you to fraud or identity theft. Unfortunately, understanding your credit report can sometimes feel like a challenge — especially if it’s […]
What Does Preapproved Mean for a Credit Card?
https://www.sofi.com/learn/content/what-does-pre-approved-mean-for-a-credit-card/
When you get preapproved for a credit card, you’ve met initial criteria to receive an offer to get a credit card. In other words, you’ve popped up on a list of consumers who satisfy a credit card company’s requirements and are being invited to apply for a card. Here, you’ll learn the details of how […]
What Is the Minimum Credit Score Needed for a Credit Card?
https://www.sofi.com/learn/content/minimum-credit-score-for-credit-card/
There is no minimum credit score needed for a credit card. Even borrowers with poor credit (a score of 300 to 579) or no credit card at all can qualify for some credit cards. However, options for bad-credit borrowers are limited and usually come with a high annual percentage rate (APR) and fees. Borrowers with […]
Complete Guide to Sweet v. Cardona
https://www.sofi.com/learn/content/sweet-vs-cardona/
Around 200,000 holders of federal student loans who attended schools that they say defrauded or misled them filed a lawsuit known as Sweet v. Cardona in 2019. After the court ruled in their favor in 2022, these borrowers began receiving debt relief from the Department of Education (DOE) as part of a $6 billion settlement, […]