Timeframe: 5/25/2022 11:59PM ET - TBD
Offer details:
- Tap to play and win a Welcome bonus prize valued between $10–$10K.
How to Participate:
- Eligible Participants may participate in the Game by applying for a SoFi Credit Card on the SoFi website at https://www.sofi.com/credit-card/ or through the SoFi app between (the “Promotion Period”).
- If approved for the SoFi Credit Card, the Participant will be presented with a virtual animated credit card that will tap against a virtual payment terminal which will then reveal the Prize won by that Participant, the values of which are described below.
Prizes:
- The value of each prize is listed below and will be issued in the form of SoFi reward points.
Payout:
- Welcome bonus prize is paid out as SoFi Rewards points.
- Reward points redeemed for cash deposited into a SoFi Checking and Savings account, fractional shares in a SoFi Invest account, or as a payment to a SoFi Personal or Student Loan Refinance, will redeem at a rate of 1 cent per each Reward point.
- Reward points redeemed as a statement credit to a SoFi Credit Card account, will redeem at a rate of 0.5 cents per each Reward point.
- Reward points cannot be redeemed into SoFi Money accounts.
Eligibility:
- The game is open only to legal residents of the 50 United States (and the District of Columbia) and U.S. territories who are age 18 or older who apply for and are approved for a new SoFi credit card.
- Employees of Social Finance, Inc., its subsidiaries and affiliates are not eligible to participate.
Terms and Conditions:
- No purchase necessary.
- Must apply and get approved for the SoFi Credit Card to play.
- Limit one (1) game play per Participant.
- Void where prohibited by law.
- Tap to Play Official Rules: https://www.sofi.com/tap-to-play-disclosure/
Tax Consequences:
- Participants are responsible for all taxes that may be due to winning a Prize.
- An IRS Form 1099-MISC will be filed with the IRS in the name of any Participant who selects and receives a prize valued at $600.00 or more.