Verve Credit Card
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SoFi Credit Card
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6.7MyCreditCardLab Score
MyCreditCardLab Score 6.7We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score. |
8.5MyCreditCardLab Score
MyCreditCardLab Score 8.5We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score. |
| ANNUAL FEE | |
| ONE-TIME $0 | $0 |
| INTRO APR | |
| N/A | N/A |
| REGULAR APR | |
| 29.99% - 35.9% Variable APR | 20.24 percent to 29.99 percent (variable) |
| PROS | |
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| CONS | |
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| WELCOME BONUS | |
| No Welcome offer available | None |
| REWARDS | |
Verve Credit Card Rewards program provides exceptional flexibility in credit currency. Redeem your earnings across a wide range of options, including:
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SoFi Credit Card Rewards program offers remarkable versatility in credit currency. Utilize your earnings across a diverse array of options, such as:
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| BENEFITS | |
| Build Credit - To build good credit, you must use credit responsibly. You also need a credit line increase. Payment history and credit use make up two-thirds of a person’s FICO credit score. The FICO model is the most popular one among lenders. To build a good credit score, pay at least the Verve Mastercard's minimum each month. Also, keep credit use below 30% of the credit limit. Credit limit - Based on your credit limit of $300, your initial available credit will be $225 (or $195 if you choose to have an additional card). Account access - Free online account access - 24/7, Monthly reporting to the three major credit bureaus. | Free cellphone insurance - Receive up to $1,000 of coverage when you pay your cellphone bill with your SoFi card. ID theft protection - World Elite Mastercard benefits - It has Mastercard World Elite benefits. These include cellphone protection. And, they come with savings for Lyft, DoorDash and more. No foreign transaction fees - Save 2% to 3% on foreign transactions, it might be the best fit for consumers who make regular purchases outside the U.S. This card might be good for consumers. They want a business credit card with simple rewards and no annual fee. Sofi balance transfer - The basics of balance transfer credit cards are simple. First, you must open a new card with lower or no interest. Then, you’ll move your credit card balance from the high-interest card to the new one. Once the transfer goes through, you’ll start paying down the balance on your new card. |
| CASH ADVANCE FEE / APR | |
| 29.99% - 35.90% variable, plus a fee of either $10 or 5% of the amount of each transaction, whichever is greater | Either $10 or 5% of the amount of each transfer, whichever is greater |
| BALANCE TRANSFER FEE | |
| Balance transfer not available | APR: 17.99% to 29.99% variable based on creditworthiness and the Prime Rate, Fee: Either $10 or 5% of the amount of each transfer, whichever is greater |
| RECOMMENDED CREDIT SCORE | |
| 400 - 629 (Very Poor - Poor) | 670 - 850 (Fair - Exceptional) |
| FOREIGN TRANSACTION FEE | |
| 3% | 0% |
| BEST FOR | |
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| More Details | More Details |
Verve Credit vs. SoFi Credit
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