Hi all,
First post but have been using myFico for many years, thanks to all that take the time to post. Just wanted to throw a data point out as I didn't see anything but approvals for the SoFi credit card. I applied 2/23/21 after receiving many invitations to apply (no pre-approval language just marketing encouragement to app). I'll add notable data below but I want to mention I use SoFi money as my primary checking account, in the last year my average daily balance has been in excess of $5k with monthly direct deposits of ~$4k and what I would consider a strong SoFi money relationship.
Reason for decline: Bankruptcy (CH13 filed 6/16, discharged 6/19)
Pulled Experian showing 670 score. Credit Karma Showing 683 TU/685 EQ at the same time
Current utilization is ~1-2% (been paying in full and just having random small balances report when I don't manage to pay of pending transactions before they report on the statement). Avg account age 4.5yrs, 100% payment history, 10 inquiries reporting.
I've gone through the pre-approval for SoFi loans a few times in the past and BK was always the reason for no go. I've had some good luck with approvals recently and just said heck, I love using SoFi and while 2% cashback isn't insane it would be nice enough for me to just use checking and credit all with them for simplicity as I'm trying to streamline my money management.
Recent approvals in the last six months include
-PenFed Pathfinder, approved ~11/20, $6500 limit, ~same scores as mentioned above
-Nordstrom Store Card, approved 2/21, $2500 limit, ~same scores as mentioned above
-Venmo Visa Credit Card, approved ~9/20, $4200 limit, similar scores as well
-Amazon store card and CB2 store card, approved ~3/20, initial limits $300/$1000k, current limits $6k/$5k (routine but not huge purchases and just hit the CLI button online every few months, they have rocked with CLI's!).
Income is $75k, lives in Seattle, WA.
Hope someone finds this helpful, my general sense with SoFi is that you should just not bother with BK, at least not with discharge being recent. Again I'm finding a lot of creditors to be more lax so long as utl is low and doesn't look like you're going back to bad credit habits. I bet one could even call SoFi and get some information on if they automatically decline if say BK in the last five years. This was probably a sign I should garden anyway 
.
That is unfortunate about your denial. Thank you for sharing the data points.
Welcome to the Forum!
Sorry about your SoFi denial
Congratulations on your approvals
First, CONGRATS @Anonymous for the multiple approvals and thanks for the DP’s!
It’s inconvenient that you got declined, (I’ve been there) …but please remember that patience and persistence are the path to achieving goals.
Keep your head down and KOKO! 
@Anonymous wrote:Hi all,
First post but have been using myFico for many years, thanks to all that take the time to post. Just wanted to throw a data point out as I didn't see anything but approvals for the SoFi credit card. I applied 2/23/21 after receiving many invitations to apply (no pre-approval language just marketing encouragement to app). I'll add notable data below but I want to mention I use SoFi money as my primary checking account, in the last year my average daily balance has been in excess of $5k with monthly direct deposits of ~$4k and what I would consider a strong SoFi money relationship.
Reason for decline: Bankruptcy (CH13 filed 6/16, discharged 6/19)
Pulled Experian showing 670 score. Credit Karma Showing 683 TU/685 EQ at the same time
Current utilization is ~1-2% (been paying in full and just having random small balances report when I don't manage to pay of pending transactions before they report on the statement). Avg account age 4.5yrs, 100% payment history, 10 inquiries reporting.
I've gone through the pre-approval for SoFi loans a few times in the past and BK was always the reason for no go. I've had some good luck with approvals recently and just said heck, I love using SoFi and while 2% cashback isn't insane it would be nice enough for me to just use checking and credit all with them for simplicity as I'm trying to streamline my money management.
Recent approvals in the last six months include
-PenFed Pathfinder, approved ~11/20, $6500 limit, ~same scores as mentioned above
-Nordstrom Store Card, approved 2/21, $2500 limit, ~same scores as mentioned above
-Venmo Visa Credit Card, approved ~9/20, $4200 limit, similar scores as well
-Amazon store card and CB2 store card, approved ~3/20, initial limits $300/$1000k, current limits $6k/$5k (routine but not huge purchases and just hit the CLI button online every few months, they have rocked with CLI's!).
Income is $75k, lives in Seattle, WA.
Hope someone finds this helpful, my general sense with SoFi is that you should just not bother with BK, at least not with discharge being recent. Again I'm finding a lot of creditors to be more lax so long as utl is low and doesn't look like you're going back to bad credit habits. I bet one could even call SoFi and get some information on if they automatically decline if say BK in the last five years. This was probably a sign I should garden anyway
Sorry about your denial. Thanks for sharing your dp's.
