Completing Balance Transfers with SoFi Credit Cards

A balance transfer moves a credit card balance from one credit card account to another, often at a different financial institution. 

At SoFi, balance transfers are offered as promotions through your SoFi Credit Card and are not available by member request. If you're a newly approved SoFi Credit Card member with a balance transfer promotion, your offer may take up to 72 hours to appear in your profile.

Balance Transfer Basics:

• Balance Transfer Limit: 75% of your total available credit line
• Balance Transfer Fee: $10 or 5% of the balance transfer amount, whichever is greater
• Balance Transfer Offer Expiration: You have 60 days from the offer date to utilize the offer

Current Restrictions:

• Balance transfers are currently invite-only and available only for the primary cardholder. SoFi does not offer balance transfers to authorized users.
• Credit card balances transferred from external financial institutions must be issued in the primary cardholder's name and by U.S. institutions.
• A balance transfer cannot put your SoFi account into an over-limit status.
• Only credit card balances can be transferred.

SoFi App:

1. Open the SoFi app.
2. Tap the gear icon.
3. Tap "Balance Transfer".
4. Tap "I want this offer".

SoFi Website:

1. Go to the SoFi website and log in.
2. Click "More" from the credit card menu.
3. Click "Balance Transfer".
4. Click "I want this offer".
   Note: SoFi account setup must be completed first. To create a SoFi account, go to https://www.sofi.com/signup/.
5. Next, fill in the balance transfer details for the credit card to be paid:
   • Account Number
   • CVC
   • EXP Date
   • Transfer Amount
   • Select Creditor (Financial Institution)
6. Finally, review and submit your transfer.