2% back no AF from SoFi - Data Points

[FinStar]

---

@Wavester64 wrote:

---

@Jnbmom wrote:

@Wavester64 

I was on waiting list then it appeared when I logged in a few weeks later. I passed when I realized it was from synchrony bank .

---

When you say "it appeared" you mean on the website/app or via email?

I mean I see the same "apply" now on the website and it seems like now its going thru the motions to actually apply. But if I ever do apply I wanted to feel a little more secure in knowing I got an email asking me to since being on the wating list 

---

If you read further down, @Jnbmom confused this card with the Venmo CC by SYNCB.  

[Wavester64]

---

@FinStar wrote:

---

@Wavester64 wrote:

---

@Jnbmom wrote:

@Wavester64 

I was on waiting list then it appeared when I logged in a few weeks later. I passed when I realized it was from synchrony bank .

---

When you say "it appeared" you mean on the website/app or via email?

I mean I see the same "apply" now on the website and it seems like now its going thru the motions to actually apply. But if I ever do apply I wanted to feel a little more secure in knowing I got an email asking me to since being on the wating list 

---

If you read further down, @Jnbmom confused this card with the Venmo CC by SYNCB.  

---

Yeah, saw it after I replied, thanks :-)

[Anonymous]

---

@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.

---

I also bank and manage my investments with SoFi. Personally, if I didn't get the AOD Visa or something happens to that. I would consider it compared to other "2%" cards since I already form a banking relationship with them. This is not the game-changer like the AOD, more like an OK card that adds to the pool of other decent 2% cards. 

I dealt with the changing of banking partners (praying it doesn't happen again), as long as they keep their ATM reimbursement program. One of the reason that it pulled me away from my Charles Schwab account. 

[PullingMeSoftly]

Hmmm...Already have AOD (3%), Fidelity (2%), and Penfed PCR (2% w/Honors Advantage), yet why does this tempt me? Maybe it's the nice blue hue and the silver MC logo.  Sadly, I need to keep my gold spade for now, keeping my sights on Nusenda and socks cash+ in May (will be 0/12), but oh how easy it would be to veer off the road...

[Anonymous]

Hi all, I'm in the market for a 2%+ uncategorized card, and nearly pulled the trigger on the PPMC until reading Synchrony horror stories with account closures and other issues. The SoFi card looks like a really good alternative though with no FTF or requirement to leave $500 in a checking account.

Anyone who has the card, do you know when it reports? Have you experienced mid-cycle/random reporting at all? Has customer service been decent if you've had to use it yet? Any other issues/quirks with this card?

Thank you!

[cashorcharge]

---

@Anonymous wrote:

Hi all, I'm in the market for a 2%+ uncategorized card, and nearly pulled the trigger on the PPMC until reading Synchrony horror stories with account closures and other issues. The SoFi card looks like a really good alternative though with no FTF or requirement to leave $500 in a checking account.

Anyone who has the card, do you know when it reports? Have you experienced mid-cycle/random reporting at all? Has customer service been decent if you've had to use it yet? Any other issues/quirks with this card?

Thank you!

---

The card hasn't been out very long and I started to see approvals within the last 30 or so days.  Not sure if there's enough DP's yet to answer your questions on reporting. My card has not reported yet and it's been open 3 weeks.

I can say from my own experience, invited to apply and approved.  Card arrived 4 days after it was scheduled too...likely because of the holiday lag with USPS and I used the card for a small purchase.  Couldn't find a statement date online so I called and was told "they didn't know yet"  but my payment due date was the 15th...okay.  CSR was friendly enough.  I made a purchase and after it posted, I used funds from the Money account to pay...it posted overnight..but the hold on my available credit is still in place.  Thinking their may be a 7 day hold for payments to free up available credit.  

If you can hold out for another 30 days, I would think by then those of us who received it may have more DP's for you.

[Credit12Fico]

---

@cashorcharge wrote:

---

@Anonymous wrote:

Hi all, I'm in the market for a 2%+ uncategorized card, and nearly pulled the trigger on the PPMC until reading Synchrony horror stories with account closures and other issues. The SoFi card looks like a really good alternative though with no FTF or requirement to leave $500 in a checking account.

Anyone who has the card, do you know when it reports? Have you experienced mid-cycle/random reporting at all? Has customer service been decent if you've had to use it yet? Any other issues/quirks with this card?

Thank you!

---

The card hasn't been out very long and I started to see approvals within the last 30 or so days.  Not sure if there's enough DP's yet to answer your questions on reporting. My card has not reported yet and it's been open 3 weeks.

I can say from my own experience, invited to apply and approved.  Card arrived 4 days after it was scheduled too...likely because of the holiday lag with USPS and I used the card for a small purchase.  Couldn't find a statement date online so I called and was told "they didn't know yet"  but my payment due date was the 15th...okay.  CSR was friendly enough.  I made a purchase and after it posted, I used funds from the Money account to pay...it posted overnight..but the hold on my available credit is still in place.  Thinking their may be a 7 day hold for payments to free up available credit.  

If you can hold out for another 30 days, I would think by then those of us who received it may have more DP's for you.

---

That seems a bit silly of them to place a hold if it's coming from your Money account. But really just shows how Sofi is cut up into pieces under the surface. Money accounts are Bancorp. Credit accounts are Bank of Missouri. Loan accounts are somebody else.

[Anonymous]

---

@cashorcharge wrote:

---

@Anonymous wrote:

Hi all, I'm in the market for a 2%+ uncategorized card, and nearly pulled the trigger on the PPMC until reading Synchrony horror stories with account closures and other issues. The SoFi card looks like a really good alternative though with no FTF or requirement to leave $500 in a checking account.

Anyone who has the card, do you know when it reports? Have you experienced mid-cycle/random reporting at all? Has customer service been decent if you've had to use it yet? Any other issues/quirks with this card?

Thank you!

---

The card hasn't been out very long and I started to see approvals within the last 30 or so days.  Not sure if there's enough DP's yet to answer your questions on reporting. My card has not reported yet and it's been open 3 weeks.

I can say from my own experience, invited to apply and approved.  Card arrived 4 days after it was scheduled too...likely because of the holiday lag with USPS and I used the card for a small purchase.  Couldn't find a statement date online so I called and was told "they didn't know yet"  but my payment due date was the 15th...okay.  CSR was friendly enough.  I made a purchase and after it posted, I used funds from the Money account to pay...it posted overnight..but the hold on my available credit is still in place.  Thinking their may be a 7 day hold for payments to free up available credit.  

If you can hold out for another 30 days, I would think by then those of us who received it may have more DP's for you.

---

Ah gotcha, for whatever reason I thought the card has been out and in people's hands for 2 months and change. Thanks for letting me know!

[notmyrealname23]

The card reports at the beginning of the month, from what I can see.

[cashorcharge]

---

@Credit12Fico wrote:

---

---

That seems a bit silly of them to place a hold if it's coming from your Money account. But really just shows how Sofi is cut up into pieces under the surface. Money accounts are Bancorp. Credit accounts are Bank of Missouri. Loan accounts are somebody else.

---

Precisely my thoughts!  I was curious how they were going to handle this...I even had the option of adding another bank to make the payment from...but wanted to see how the experience would go with their own account.