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Banking

Long Game App Review

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

Want to put some cash away for a rainy day, but haven’t quite made your savings account a top priority? To make saving easier, you might want to consider using an app.

The Long Game is a free savings app that features a savings account, cryptocurrency, “coin” earnings and other rewards for playing games within the app. The app lets you create virtual jars with designated saving purposes, and it’s FDIC-insured so your money is safe and protected.

How does the Long Game app work?

The concept of the Long Game app is simple: Decide how much you want to automatically save and then earn coins by making deposits and playing games. When you successfully complete missions along the way, such as saving a certain percentage of a goal, you earn more coins. You can then use these coins to play games where you can earn more coins and even cash that will help you further boost your savings.

If you want to try the Long Game app, you can download it from the App Store or Google Play. Once you sign into the money savings app, here’s what you can expect:

Learn more about earning coins

Once you sign in, you will be taken to a screen that shows you that you will earn three coins for every $1 you deposit and up to 24 coins for every $1 that you autosave. You will use these coins to play a variety of games such as scratch-off tickets, matching cards and spin the wheel. These are virtual coins, meaning they are not worth real money, and they expire about seven days after you earn them, so it’s an encouragement tactic to keep depositing money into your account to earn more coins.

Set up your savings jars

Next, it’s time to set up your savings jars, where you personalize virtual jars and designate what the money you put in those jars is supposed to be used for. You can choose one of the app’s options to name your jar, such as Fun Money, Education, F.U. Fund, Dream Home, Retirement, Variety, Kiddo’s Future and Mama’s Bills, or you can choose a name of your own. You also can personalize the colors of your savings jar.

Next, the app asks you what your financial goal is for that jar. You can choose to skip this step or enter an amount to save, from $100 to $100,000. Choose a date by which you want to accomplish this goal. If you choose a date that isn’t mathematically possible with your deposit amount, the app my ask you if you want to boost your monthly deposit amount.

The app then provides your next milestone, such as earning a certain amount of coins once you hit a percentage of your savings goal. The app also provides the option to deposit a chunk of money to instantly to accomplish that goal, but you can choose to skip that.

You can create more than one jar and divide your money between your jars however you wish. For example, if you are depositing $50 per week, you can designate $25 of it to go into your jar for saving for your kid’s college education, and the other $25 to go into your “Fun Money” jar. How you divide your money between your jars is up to you.

Set up autosave

Once you make an initial deposit (of $5 or more) and set up autosave, you will earn coins to play games and, hopefully, win cash (you can win more coins to play with, too). You can choose for your money to be automatically saved on either your payday or on a weekly, monthly or bi-monthly basis. If you choose to save on a monthly basis, you can select which date you want the money to be automatically withdrawn, but only up to the 28th of the month.

You can also decide how much you would like to automatically save. Remember, the less that you deposit, the less coins you will earn. For example, a $200 automatic deposit will earn you 1,200 coins. On the other hand, a $75 automatic deposit only nets you 450 coins, while a $25 deposit earns you just 150 coins.

Once you confirm your autosave information, the app will remind you what your next deposit date is.

Make your first deposit

Now it’s time to complete your first deposit. Remember, the larger your initial deposit is, the more coins you will earn. If you choose the minimum allowed deposit, which is $5, the app will prompt you to earn more coins by making a larger deposit.

The app will also give you other optional goals that you can meet to earn more coins. For instance, if you reached $10 in you savings account, you could earn 100 coins. If you deposited money each week for two weeks straight — not by using autosave — you could earn another 100 coins. The app also allows you to earn $50 when you refer 10 friends and invite friends to join.

I did receive extra bonus coins for signing up and making my first deposit. With more than 1,000 coins earned just by signing up, I was ready to play.

Start playing games

Once all of the logistics are set up, you can start playing games. You have to pay coins to play, and you can earn coins, cash prizes or cryptocurrency if you win. The app will give you more information on any crypto you earn, and you can easily withdraw it by transferring it to an external wallet.

There are several games on the app to choose from, including:

  • Flip It: An instant matching game in which you can win up to $100. It costs 60 coins to play, but remember that no money from your savings balance is used to play in any of the games. Flip all of the cards and if you match two, you win coins or real money that you can then deposit in your savings account.
  • Mondo Spin: This is a high-roller game that costs 1,000 coins to play, and the chance to win up to $5,000. If you don’t have a lot of coins, the app may recommend that you play a less costly game.
  • Spin to Win: Spin the wheel for 100 coins and you can win coins, money or nothing at all. The first time I played this game I won $1, which was immediately put into my savings account.
  • Omega Millions: For 20 coins you can play this weekly game that’s similar to the weekly lottery games. There is a potential to win $1 million, according to the app.
  • Red’s Meadow: Spend five coins to scratch off all of the squares on this virtual scratch-off lottery ticket. If get any matches, you win coins.
  • Lucky Slots: Try the one-arm bandit at different betting levels, with costs ranging from five coins to 100 coins. You can either win coins or up to $1,000 in real money.

You can earn additional coins from games by referring a friend to Long Game and then inviting them to play against you in a game.

You can level up in games too, by winning Brains Brains, PowerUps and Mystery Boxes. Leveling up unlocks new games and rewards and can earn you free coins or crypto along the way. Don’t worry if you’re not sure what crypto is or how it works. The Long Game aims to educate users about the crypto tokens you are earning.

What is the Long Game savings account?

The Long Game app functions as a free savings account. It might be nerve-wracking to give an app your personal information, but this app is FDIC-insured and protects your information, just like your bank does. It is also interest-bearing, earning you a 0.1% APR (as of August 27, 2019), in addition to any money you win in games. All deposits are held with the app’s partner bank, Blue Ridge Bank.

Whether or not you choose to replace your current bank account, if you have one, with this app is up to you. However, most banks provide automatic deposit options to move money from your checking to your savings account, just like this app does. The idea is that Long Game tries to make saving money more fun with prize-linked savings, which is intended to encourage you to save more money with the chance of winning a prize.

The final word

If you find that saving money is harder than you thought it would be and you’d like some help and incentive to remember, Long Game might be the app for you. None of the money that you deposit is at risk when you play games and you can withdraw it at any time, making this an easy way to save if you’re incentivized by prizes.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Avatar
Lisa Iannucci |

Lisa Iannucci is a writer at MagnifyMoney. You can email Lisa here

Advertiser Disclosure

Banking

Cool Debit Card Designs in 2019

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

Information in this article is accurate as of Aug. 16, 2019

Each time you make a purchase or take money out of the ATM, you use your debit card. Rather than having a standard card, your debit card can be a statement of your personality. You can get a debit card that shows your support of your favorite collegiate or professional sports team or even put your own face on your card. There are tons of cool debit card design options out there to consider, and each card comes with its own perks. Check out these eight super cool debit card designs.

HSBC Debit Mastercard

Why the card’s design is cool: If you want to be in control of your money, holding a debit card that looks powerful might help you feel that way. From the profile of a regal red lion on one half of the debit card to the silver kaleidoscope effect on the other half, the HSBC Debit Mastercard has a fiercee appearance.

Features of the card: Being in control of your money starts with knowing exactly what your debit card is capable of doing for you. The HSBC Debit Mastercard comes with the chip feature, which provides extra encryption security when you’re making purchases so your personal information stays protected.

You can use your debit card at HSBC Bank ATMs both domestically and internationally, and there are no transaction fees when making domestic purchases. When you do make purchases, you can track them online.

The information related to the HSBC Debit Mastercard has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Wells Fargo Debit Card

Why the card’s design is cool: The Wells Fargo Debit Card has its own Card Design Studio Service, where you can choose from a variety of images in the library. There are sports, landmarks, business and nature photos available, or you can upload one of your own. You could make your “furbaby” the star of your debit card, or maybe use a favorite photo of your kids or a photo of you skydiving.

Features of the card: The Wells Fargo Debit Card includes alerts when a purchase or an ATM withdrawal is made over a limit that you’ve previously set. If you register your card with Visa Checkout by Visa, you can use this digital payment service to pay for your purchases.

As an optional feature, Wells Fargo offers Debit Card Overdraft Protection if you spend more than what you have in your checking account.

The information related to the Wells Fargo Debit Card has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Disney Visa Debit Card

Why the card’s design is cool: The Disney Visa Debit Card is available to customers with a Chase Bank account. The card comes with a variety of Disney perks, but first you need to choose what character(s) is going to appear on the face of your debit card. Your options include Elsa, Anna, Kristoff, Olaf and Sven from Frozen; Darth Vader or BB-8 from Star Wars; Mickey Mouse – or Mickey and his squad.

Features of the card: With the Disney Visa Debit Card, you are eligible to receive a 10% discount on purchases at the Disney store and on shopDisney.com. At the Disney resorts, there are cardmember-exclusive photo opportunities with Disney characters offered. You’ll also get discounts on purchases at the resorts, select dining locations and Disney excursions.

The information related to the Disney Visa Debit has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

BB&T Debit Card

Why the card’s design is cool: With the BB&T Debit Card, you can pick a stock photo out of the bank’s library or upload one of of your own. Love the beach? Flowers? Your kids? Make that the face of your debit card. You can also choose whether you want the photo oriented in landscape or portrait mode.

Another option is to put a small picture of your face on your card, which is intended to make your card a bit more secure. Hopefully by identifying that this is your card, the cashier will be more hesitant to swipe if the person holding the card doesn’t match up with the photo.

Features of the card: Features of the debit card offered by BB&T include the ability to connect Apple Pay, Google Pay or Samsung Pay. There are more than 2,400 BB&T ATMs available where you can withdraw funds.

BB&T also offers a cashback program, called BB&T Deals. To earn cash back, you choose offers based on purchases you make with your debit card and then add the offers add to your card. Then, purchase something with your BB&T Debit Card at one of the participating retailers, such as Starbucks, Chili’s, Jamba Juice, PetSmart or Sears, and you’ll earn cash back.

The information related to the BB&T Debit Card has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Venmo Debit Card

Why the card’s design is cool: Venmo is an app that allows users to transfer money from one account to another in seconds. But what if you wanted to use your Venmo balance to pay for a new pair of jeans? Previously, you would have to send your balance to your own debit card, but no more. Venmo now has its own debit card.

The look of the vertical Venmo debit card is very simple, with a basic color palette to choose from, including white, yellow, pink, blue, green and black. Sometimes, simple is best and that’s what makes this card design cool.

Features of the card: One key feature of the Venmo debit card is a reload. You can use your Venmo balance to pay for those new jeans, but what if you want a blouse to go with it? Venmo will automatically pull money from another designated bank account to cover the costs, as long as there is a sufficient balance. If you want to limit your spending, you can tell Venmo not to withdraw more than a designated amount.

Another cool feature of the card is the don’t-panic button. Misplace your card? Go into the app and disable it for a short period of time. Once you find it, go re-enable it. With this feature, you don’t have shut down your card and worry about getting a new one until you’re sure it’s been lost or stolen.

With the Visa debit card, you can use any of the 32,000 MoneyPass ATMs to withdraw money for no fee.

The information related to the Venmo Credit Card has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Associated Bank debit cards

Why the card’s design is cool: If you’re a member of Associated Bank, most likely you live in one of the 120 communities that it serves throughout Wisconsin, Illinois and Minnesota. Associated Bank offers several debit cards and some of the coolest debit cards out there.

Cheeseheads, also known as Green Bay Packers fans, can salute their team with the Packers Debit Mastercard, which features either a photo of a group of players or of Lambeau Field. Associated Bank also offers card options for fans of the Milwaukee Brewers, Milwaukee Wild and Wisconsin “Let’s Go Red” Athletics. Those who prefer flicks over sports can choose the Milwaukee Film Debit Mastercard.

Features of the card: Each debit card offered by Associated Bank comes with its own special perks. For example, the Milwaukee Film Debit Mastercard provides discounts on a Milwaukee Film “Festival Fan” annual membership and gives users two complimentary film festival vouchers. In addition, five cents from every transaction is given back to the nonprofit Milwaukee Film.

The Wisconsin “Let’s Go Red” Debit Mastercard allows you to give back five cents to Wisconsin Athletics every time you make a purchase with your “Let’s Go Red” card. You also receive a 15% discount on purchases at Bucky’s Locker Room.

The Brewers Debit Mastercard perks include a 10% discount at the Brewers Team Store, two-for-one ticket discounts, exclusive entrance to Miller Park, presale access to designated concerts and non-baseball sporting events at Miller Park and more.

With the Packers Debit Mastercard, you can get 10% off of Packers Pro Shop purchases in-store and online. The Wild® Debit Mastercard offers a 15% discount at The Hockey Lodge, the team’s official retail store.

Huntington debit cards

Why the card’s design is cool: Huntington Bank serves the Midwest, and its residents can show their pride with the Huntington debit card, perfect for fans of the Ohio State Buckeyes, Ferris State University Bulldogs, Indianapolis Colts and the Michigan State University Spartans, but there are many more to choose from too. In addition to images of Midwest sports teams and colleges, you can also choose images of animals or landscapes.

When you pay for your purchases, your card design will look super cool with the Ferris State Bulldog peeking over the bottom or the cute puppies on the pet lover’s Columbus Humane Society card. Colts fans will enjoy seeing their team’s logo on their card, and Detroit Red Wings fans will love the striking red debit card behind their logo.

Features of the card: Depending on the type of checking account you have chosen, the Huntington Bank debit card can offer five free ATM transactions per cycle as well as an overdraft fee relief feature that comes free.

The information related to the Huntington Debit Cards has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Citibank Debit Card

Why the card’s design is cool: The New York Mets play at Citi Field and this debit card offered by Citibank allows the most dedicated Mets fans to celebrate their team with this sleek-looking card. Admittedly, you won’t find the iconic blue and orange Mets’ colors on the Citibank debit card, or the team’s logo, but the card’s blue on the top, green on the bottom design recalls the colors of the sky and the grass, making it a nostalgic design for a baseball card.

Features of the card: Citibank Debit Card customers receive many Citi Cardmember Perks at Citi Field® all season long, including buy-one-get-one-free tickets for Mets home games on weekdays.

The information related to the Citibank Debit Card has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

The bottom line

Granted, making your debit card look a little cooler is just a small, fun perk, but hey don’t you deserve that feel good moment? As you can see, there are a number of cool debit card designs to choose from. Combine a cool card with a bank that offers amazing perks for its members and you’ll feel even better using that card.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Avatar
Lisa Iannucci |

Lisa Iannucci is a writer at MagnifyMoney. You can email Lisa here

Advertiser Disclosure

Personal Loans

Upgrade Personal Loan Review

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

Upgrade
APR

7.99%
To
35.89%

Credit Req.

620

Minimum Credit Score

Terms

36 or 60

months

Origination Fee

1.50% - 6.00%

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure

Upgrade is an online lender that offers fairly priced personal loans for a term of either 36 or 60 months.... Read More .


The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early.

Upgrade personal loan details
 

Fees and penalties

    Terms: 36 or 60-month loan terms are available.
  • APR range: Loans through Upgrade offer interest rates from 7.99% to 35.89% APR.
  • Loan amounts: You can borrow from $1,000 to $50,000.
  • Time to funding: You can get funding to the account of your choice within a day of approval; the availability of your funds will depend on your bank, but four days is typical.
  • Hard pull/soft pull: The initial application to check rates only requires a Soft Pull which will not impact your credit. The full verification to approve you for the loan does require a hard pull.
  • Origination fee: One drawback of a loan through Upgrade is the origination fee — it can range from 1.50% - 6.00% of your loan amount. And because the fee is deducted from your loan before you receive the funds through a bank deposit, you’ll actually be getting less money than you ask for. Be sure to factor that in before you decide your loan amount.
  • Prepayment fee: Loans through Upgrade have no prepayment penalty. You can pay off your loan at any time without worrying about a fee.
  • Late payment fee: The late fee is up to $10 and charged if your payment isn’t received within 15 calendar days of your payment due date.

A loan received through Upgrade can be used for a major purchase, to consolidate debt, pay off or refinance credit card debt, or to finance a home improvement project.

Loans also come with credit monitoring, through Upgrade Credit Health. Credit Health is available to everyone — borrower or not — and includes a summary feature providing an overview of your TransUnion credit report and monitoring updates on a user’s VantageScore 3.0 every seven days. It does not, however, provide a full report of all accounts.

The big fee that you have to watch out for with Upgrade is the origination fee. The origination fee can take a sizeable chunk out of your loan before you even get any money. Take this into consideration when deciding how much money to borrow since it will decrease the amount of cash you’ll receive.

Eligibility requirements

  • Minimum credit score: Not specified.
  • Minimum credit history: Not specified.
  • Maximum debt-to-income ratio: Not specified.

Upgrade doesn’t disclose all of the conditions used to qualify borrowers. As far as residency and other requirements, you need to meet the following conditions:

  • Be a U.S. citizen or permanent resident (or a valid U.S. visa holder)
  • Be at least 18 or 19 years old depending on your state
  • Have a verifiable bank account and email address

Upgrade is exclusive to certain states. You can’t get a loan if you live in Connecticut, Colorado, Iowa, Maryland, Vermont, or West Virginia. Upgrade doesn’t specify that you must work with a certain type of employer to qualify.

You do need to input your individual gross income during the application. Self-employed workers can apply for loans but may have to provide the most recent two years of tax returns to verify income.

Applying for a personal loan through Upgrade

To get started with Upgrade, you can check your rate online, which doesn’t require a hard pull on your credit. You enter in preliminary information about the loan you need. Sign up for autopay during the application process to save interest — 10 days of interest are added to check payoffs to account for mailing and processing time.

In the next part of the initial application, you’ll put in your name, address and annual income. Upgrade will give you a few preapproved offers based on the information.

The loan offers you receive after providing this information will include the loan amount, interest rate and term. After choosing an offer, you’ll be asked for bank account information where you want to deposit the money if your application is approved. When your loan is funded, a hard credit pull is performed and, if necessary, you will be asked to upload supporting documents, such as pay stubs or tax documents for income verification. Once approved, you can have access to your funds within four business days, depending on your bank.

Pros and cons of an Upgrade personal loan

Pros:

Cons:

  • Soft Pull. You can check rates without a hard pull of your credit report. The hard pull only comes into play if you decide to go through the final approval process.
  • Free credit monitoring. You get a VantageScore 3.0 with your loan account and a credit report summary from TransUnion — not a full credit report, but it’s still a free resource that you can use to improve your score.
  • Competitive interest rates. The interest rate range at Upgrade is competitive; however, bear in mind that the lowest rates available are usually reserved for people with the very best credit scores.
  • Quick funding. If approved for a loan, you can get access to money within four business days.
  • Origination fee. Upgrade has an origination fee of 1.50% - 6.00%; however, there are other online lenders that don’t, which could offer you some savings.
  • Limited availability. You won’t be able to obtain a loan through Upgrade if you live in the states that Upgrade currently does not serve.

Who’s the best fit for a personal loan through Upgrade?

Loans through Upgrade can be worthwhile for someone who needs to find money quickly because you can get cash within four business days. That said, you still may want to work on improving your credit before applying for a loan — a higher credit score can help you to get approved for lower interest rates. In addition, Upgrade looks beyond your credit score to review your credit usage and history.

A loan through Upgrade may suit your needs if you’re looking for a sizeable loan for a major purchase; you can borrow up to $50,000. That’s also a nice loan amount to pay off high interest credit card debt, consolidate other debt or even fund a business.

Upgrade consumer reviews

So what do the customers have to say about working with Upgrade? The good news is that Upgrade, Inc.’s Better Business Bureau rating is a stellar A+.

On LendingTree, MagnifyMoney’s parent company, Upgrade has a 98% recommendation rating. Upgrade received an average of 5 stars for customer service and responsiveness and an average of 4 stars for fees and closing costs and interest rates. Many customers found Upgrade’s application process quick and easy.

Here is just a sample of some of the reviews:

  • James from Washington, D.C.: “Excellent customer service and customer based application process. Completing online document submission was also very easy.”
  • Chris from Smyrna, Tenn.: “Application was painless approved same day. Money received in 2 days after approval. The origination fee is a bummer only reason for 4 stars.”

Upgrade FAQ

Personal loans through Upgrade can be used for a variety of situations. For example, you might use loan funds to help you reduce your credit card debt, consolidate a bunch of bills that you have been swimming under or finally purchase that car or high-end refrigerator you always wanted.

You can use the money to pay off any of your credit cards on your own or have Upgrade arrange to pay them off for you directly. This is only available to credit cards issued in the United States and for your cards only.

The first thing to do is find out why — perhaps your credit score was too low or your debt was too high. Get a free copy of your credit report to see what you can improve. Upgrade allows you to reapply at any time but suggests waiting 30 days.

Personal loans through Upgrade have fixed interest rates, so you don’t have to worry about your monthly payment increasing. Once you choose the payment, it’s locked in.

If you’re able, paying off your loan early is a good idea. Fortunately, Upgrade does not charge any prepayment penalties.

Unfortunately, things happen and sometimes you might not be able to make your monthly payment. Try to choose a monthly payment amount that’s affordable to you, but if something comes up, immediately contact the customer service department and notify them that you may be late or miss a payment. Upgrade charges a late fee of up to $10 if your payment is not received in full within 15 calendar days of your payment due.

Alternative personal loan options

SoFi

SoFi
APR

5.99%
To
17.67%

Credit Req.

680

Minimum Credit Score

Terms

24 to 84

months

Origination Fee

No origination fee

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure

SoFi offers some of the best rates and terms on the market. ... Read More


Fixed rates from 5.990% APR to 17.67% APR (with AutoPay). Variable rates from 5.60% APR to 14.700% APR (with AutoPay). SoFi rate ranges are current as of August 7, 2019 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. See APR examples and terms. Interest rates on variable rate loans are capped at 14.95%. Lowest variable rate of 5.60% APR assumes current 1-month LIBOR rate of 2.27% plus 3.08% margin minus 0.25% AutoPay discount. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

All rates, terms, and figures are subject to change by the lender without notice. For the most up-to-date information, visit the lender's website directly. To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull.

See Consumer Licenses.

SoFi Personal Loans are not available to residents of MS. Minimum loan requirements might be higher than $5,000 in specific states due to legal requirements. Fixed and variable-rate caps may be lower in some states due to legal requirements and may impact your eligibility to qualify for a SoFi loan.

If you lose your job through no fault of your own, you may apply for Unemployment Protection. SoFi will suspend your monthly SoFi loan payments and provide job placement assistance during your forbearance period. Interest will continue to accrue and will be added to your principal balance at the end of each forbearance period, to the extent permitted by applicable law. Benefits are offered in three month increments, and capped at 12 months, in aggregate, over the life of the loan. To be eligible for this assistance you must provide proof that you have applied for and are eligible for unemployment compensation, and you must actively work with our Career Advisory Group to look for new employment. If the loan is co-signed the unemployment protection applies where both the borrower and cosigner lose their job and meet conditions.

Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)

SoFi is an example of one lender that has no origination fee. SoFi also has longer loan term options than Upgrade. You can borrow up to $100,000.

The interest rate range for SoFi is more competitive; lenders with low interest rates generally serve borrowers with good to excellent credit. However, qualifying for SoFi may be more of a challenge. Fortunately, SoFi will let you pre-qualify without a hard inquiry so you can check rates.

LendingClub

APR

6.95%
To
35.89%

Credit Req.

Not Specified

Terms

36 or 60

months

Origination Fee

1.00% - 6.00%

SEE OFFERS Secured

on LendingTree’s secure website

LendingClub is a great tool for borrowers that can offer competitive interest rates and approvals for people with credit scores as low as 0.... Read More

LendingClub is a loan marketplace with comparable APR ranges and loan terms. Like Upgrade, it also has an origination fee. You can borrow up to $40,000 on a fixed rate personal loan.

Pre-qualifying through LendingClub won’t impact your credit. Consider shopping through this loan marketplace to see if you can get a better rate.

Marcus by Goldman Sachs®

Marcus by Goldman Sachs®
APR

5.99%
To
28.99%

Credit Req.

Not specified

Terms

36 to 72

months

Origination Fee

No origination fee

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure

Marcus by Goldman Sachs® offers personal loans for up to $40,000 for debt consolidation and credit consolidation. ... Read More


Your loan terms are not guaranteed and are subject to our verification of your identity and credit information. To obtain a loan, you must submit additional documentation including an application that may affect your credit score. Rates will vary based on many factors, such as your creditworthiness (for example, credit score and credit history) and the length of your loan (for example, rates for 36 month loans are generally lower than rates for 72 month loans).Your maximum loan amount may vary depending on your loan purpose, income and creditworthiness. Your verifiable income must support your ability to repay your loan. Marcus by Goldman Sachs is a brand of Goldman Sachs Bank USA and all loans are issued by Goldman Sachs Bank USA, Salt Lake City Branch. Applications are subject to additional terms and conditions. For New York residents, rates range from 5.99% to 24.99% APR.

The Marcus by Goldman Sachs personal loan is another no-fee loan; its available loan terms are also slightly longer than Upgrade, which could help you stretch out the loan payment. The interest rates are also comparable to Upgrade, but the no-fee aspect gives it a leg up. Shopping for loan rates with this lender also won’t trigger a hard inquiry.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

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Lisa Iannucci |

Lisa Iannucci is a writer at MagnifyMoney. You can email Lisa here

Taylor Gordon
Taylor Gordon |

Taylor Gordon is a writer at MagnifyMoney. You can email Taylor here

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