Credit cards like the SoFi Credit Card are essential to daily life.
Whether you need your card to purchase something, you should always have one or more to keep in your wallet. This is, so you always have one available when you need it. The importance of having a card is not just limited to purchases. If you have a card, you can also keep track of your balance, which helps you stay organized. You will be able to use your card when you need it. If you don’t have a card, you might be tempted to take out a loan or go into debt to pay for a purchase. This is a bad idea because your credit rating will be ruined.
Indeed, credit cards like those from SoFi are one of the most common forms of payment used today. They offer several benefits and conveniences, making them an attractive option for people who make frequent and sometimes large purchases.
Benefits Overview of SoFi Credit Card
- Get 2 SoFi Rewards Points
- No Annual Fees
- Win a Welcome Bonus of up to $10,000 in points
- $1,000 of Cellphone Coverage
- MasterCard ID theft protection is available.
Things to know before applying
Annual Fee: No annual fees are required.
Late Payment Penalty Fee: Late payment penalties can go up to $39.
Returned Payment Fee: Returned payment fees can go up to $39.
Foreign Transaction Fee: The card’s foreign transaction fee is $10 or 5% of the principal amount. Whichever is higher.
Interest Rate: Get a variable APR of 16.74% to 28.74% for purchases and balance transfers, while it’s a fixed 30.74% for cash advances.
How to apply for SoFi Credit Card?
The application process for SoFi Credit Card is purely online and is available in all of America. You can apply for a SoFi Credit Card in just a few steps.
- First, you’ll need to create an account with SoFi.
- Then, you’ll need to complete the credit application process, which includes answering questions about your finances. You should also have your personal information, such as your name, address, social security number, and date of birth.
- Once you have submitted your application, you have to wait for the approval and let you know if you are pre-qualified.
- Assuming you’ve been approved, review the terms and conditions, sign the contract, and wait for your card with a 7 to 10 business days process.
SoFi Credit Card is a new credit card that offers students with bad credit a chance to start over. SoFi is the first credit card to allow you to get a credit card with 10% of your deposits back. It is available in all of America, and the application process is purely online.
