No. We only do a soft credit pull when you apply, so applying won’t affect your credit score.
Keep in mind, opening any new credit or charge card account can impact your credit score. With SoFi Smart Card, your payment activity will be reported each month to TransUnion, Equifax, and Experian. Reporting usually happens at the start of each month, though it may take a few weeks to show up on your credit report.
We report the following information:
- Basic account details (your name, address, and when your account was opened)
- Your account status (whether it’s in good standing or past due)
- Your payment history