Update 5/17/21: Deal is back and valid until June 1, 2021. New terms state ‘Those who have already received a $10 bonus for checking their rate on a Personal Loan or Home Loan in the 2021 calendar year are not eligible for this promotion’
Update 5/3/21: Deal is back at this link from April 15th through May 10th. I’m only seeing mention of personal loans this time, not student loans (previous deals worked on both). Limit of three (3) bonuses per household. ieatdogfood notes that there’s no exclusion in this offer for having done the deal before.
Update 3/18/21: Deal is back through March 31. Hat tip to reader ieatdogfood
Update 1/13/21: Offer is back through January 31, 2021. (Looks like it’s a public offer this time?) Hat tip to ieatdogfood
Update 11/8/20: Extended through 11/30/29. Hat tip to reader ieatdogfood
Update 10/27/20: Anybody can get $10 by using this link. Hat tip to superman
The Offer
No direct link to offer, check in app. Can also check e-mail, subject line is ‘Check SoFi Loan Rate, Get $10’
- SoFi is offering some existing users a $10 when they check their personal or student loan rate (offer varies by user and not all users have an offer)
The Fine Print
- The Promotion is open to anyone who resides within the United States and is of the age of majority in the state in which they reside.
- To receive a $10 bonus in the form of a gift card through the Promotion you must agree to a soft credit pull on http://www.SoFi.com to check your rate for one of the following SoFi products: Student Loan Refinancing, Personal Loans, Home Loans, or Private Student Loans.
- Checking your rate will not affect your credit score.
- If you later decide to submit an application and agree to a hard credit pull your credit score may be impacted.
- Participants will receive the $10 bonus gift card regardless of whether or not they are pre‑qualified for a SoFi loan product.
- This Promotion is limited to the first 50,000 submissions by consumers to check their rate for one of the loan products listed above.
- The Promotion is available beginning on 12:00am Eastern Time on October 26, 2020 and ending the earlier of: (i) 50,000 submissions by consumers to check their rate, or (ii) 11:59 PM Eastern Time on November 1, 2020.
- Participants are limited to one (1) bonus per product, and up to up to three (3) per household.
Our Verdict
Seems to be a soft pull to check. Easy $10 for those targeted.
Hat tip to reader Brent C
Looks like this is back again. I just got the email for $10 bonus for checking the rate.
I checked my rate on 5/8/21 in the promotion that ended 5/10/21. I didn’t get my gift card, so I called. They claimed that there was no promotion that ended 5/10/21 but they left me upload the screenshot of the Terms (that showed that it ended 5/10).
They refused to pay anyway, stating that that “SoFi reserves the right to exclude any consumer from participating the promotion for any reason..” (it is actually in their terms).
Well, I did already participate but they just refused to pay anyway… (probably because I got the $10 before in 2021…)
I’ve done all the check your rate promotions earlier this year and last year. Unfortunately I haven’t been able to get any more GCs since March. Seems the new terms were started right after that and are enforced, even though they may not have been fully updated until now.
The terms for the promotion that ended 5/10/21 *DID NOT* have the new terms that stated “Those who have already received a $10 bonus for checking their rate on a Personal Loan or Home Loan in the 2021 calendar year are not eligible for this promotion”
(They just refused to pay me anyway)
They are notorious for not updating their website and current terms.
New Terms state:
“Those who have already received a $10 bonus for checking their rate on a Personal Loan or Home Loan in the 2021 calendar year are not eligible for this promotion”
Never got my gift card after checking my rate :/ looks like I need to send support an email
Had done this last month and received GC. I see the offer again, but as soon as I enter hole loan details and hit next, the screen exits to the home page. Guess, they have caught up to me. Anybody experienced this?
Checked homeloan nearly one month ago and suppose to receive $20
05/03: Contacted [email protected]
05/10: Received redemption email, it said it would take 2-3 weeks to process
05/17: still waiting.
Checked personal loan rate on 05/03, no sign of $10 gift card.
it’s not that easy as we think. It takes forever to get one I guess.
If you never got the personal or student loan gift cards for checking your rate, you can email [email protected] and complain. I did that and got my gift card pretty quickly.
Did this the other day. Got my email to receive gift card yesterday. Followed instructions & told I would receive gift card in mail in 3-4 weeks. You can choose from Mastercard, Walmart, Target, Starbuck’s, Whole Foods, & a couple others. I choose Mastercard. Pretty easy. Will wait for my card in the mail. Thanks.
5/3 – checked my personal loan rate
5/5 – received email to claim my $10 gift card
I did a similar offer last year as well and had no issue following the emailed instructions to get the $10 gift card.