@CreditCuriosity wrote:
@FinStar wrote:Thanks for sharing the link, OP.
My understanding is that TBOM is fairly conservative so it's possible that for a variety of folks who might be looking for this to be the FOTM (whenever apps are open to the masses) may end up with lower than expected SLs. But, GOs are always welcome 😎. I believe they pull EX.
correct and they do pull EXP the text on the page says make sure your EXP report is not froozen under FAQ. Kinda suprised they actually tell you.
Its called the MyFico Effect
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@Anonymous wrote:
@staticvoidmain wrote:I bank and manage investment with SoFi, and I find this unattractive. Should at least be 3% to make it a bit attractive, with those extra steps and/or limitations in redeeming the extra 1%. Also, I would also consider SoFi's history of not only changing perks, but also changing banking partner (which I personally found annoying).
Funny they compared it to Citi which they wrote "1%+1%(1% on purchases + 1% after paying purchases)" on, while they put "2% Unlimited*" with an asterisk on theirs.
@staticvoidmain wrote:I bank and manage investment with SoFi, and I find this unattractive. Should at least be 3% to make it a bit attractive, with those extra steps and/or limitations in redeeming the extra 1%. Also, I would also consider SoFi's history of not only changing perks, but also changing banking partner (which I personally found annoying).
Funny they compared it to Citi which they wrote "1%+1%(1% on purchases + 1% after paying purchases)" on, while they put "2% Unlimited*" with an asterisk on theirs.
Right, currently not exactly a shortage of 2% cards, I suspect there's even a thread about them somewhere!
It looks like one advantage of this for now is the cell phone insurance, but as we know from Citi, that could disappear.
Not having a Sofi account, is the need to redeem into one a real issue? Or is it trivial to move stuff out to other bank accounts (in which case this wouldn't be very different to PPMC redeeming to Paypal, which you can then move)
Absolutely trivial and they have promos running all the time to get money when you open the Sofi Money account. For example, I got $200 when I opened an account with $100 and had a direct deposit within 90 days.
They connect to other banks with Plaid which means you don't have to worry about trial deposits and can transfer pretty quickly with no fees there either. They are now my gateway bank for when I want to move money around because I still have most things setup through BoA but they charge a $3 fee to push money out.
I might have gone with this over the PenFed card because there's no minimum balance to maintain the 2% rewards earning, but I'm still going to hold on to that one because of the future possibilities with PenFed and the nice limit I got with them.
as of 1/1/23
With a SUB this might be okay..., but fin tech is notoriously unstable. I have the legacy SoFi money account with free ATM withdrawal. I too was annoyed when they switched partner banks from savings society, to bancorp Fortunately, was not too committed...
