Rhaze48
I think the worst part is I stupidly bought it from newegg instead of Amazon and if I wanted to return it and upgrade to like a 2060 Super I would have to pay newegg $66 in "restocking fees" and an additional $33 for an RMA label. Never order from newegg people, it was my first time and it'll be my last.

Have you considered using the EVGA step-up program?

https://www.evga.com/support/stepup/

I've done a lot of investigation on this since it has been bothering me to no end. Also as an electrical engineer I felt like I at least had enough background to be able to understand what the root cause of the problem is to investigate it.
 
My summary:
 
There is a problem with the chosen fans used on these graphics cards. When the fan controller of the GPU sends the fan a PWM value between 1-36%, the RPM of the fans themselves pulse up and down like an engine revving noise. This is because the fans are of bad design. Instead of the fans themselves rejecting PWM values of 1-36% and just stopping, they continue to try and spin at those values but they can't spin that slow so they pulsate. When the fan controller of the GPU finally sends a value of 0%, then the fans finally stop and make no noise. I suspect it is because EVGA was looking for a fan with this stop technology that they decided to choose these fans knowing full well that this is the downside of the choice. 
 
The stock fans have a part number of PLA09215S12H. The S in the part number indicates this is a sleeve bearing fan. The same exact fan, but the bearing version with part number PLA09215B12H have been used for years by EVGA with no problem. I bought this old version online to try out. It is a 10 min job to change it on our graphics card and you don't even need to remove the heatsink (so no breaking the warranty sticker). All the screws are accessible from the top of the card (6 fan screws and 4 screws for the plastic shroud). After installing the PLA09215B12H version fan I bought I got to see a new behavior from the graphics card. Now the fans always spin at a minimum of 1142 RPM when the GPU is telling the card to spin at 0-36%. Therefore there is no more fan stop option. However, now there is no more revving up and down. When the GPU tells the card to spin at fan speeds under 36%, the fan knows it cannot spin slower and therefore stays at it's minimum RPM of 1142 RPM. When the GPU tells the fans to spin higher than 36%, then fans ramp up as normal. 
 
I know this work around might not be for everyone, but at least it gives some people out there the choice if they want. Unless EVGA releases a bios update that tells the fans to go to 0% directly after starting to ramp down and skip the whole 1-36% range, then there is no way to fix this. Unless you want to manually control the fans using software on the operating system level. 

Same problem over here now with the 2060 XC Ultra.
 

I knew my 1660 cooler wasn't as good at other cards i would normally buy but this is terrible EVGA should replace all the fans
on everyone's coolers.
 
How could they not know this would happen?
 
mines a media PC in the living room I paid a lot of money on cooling to keep it silent and bought a GPU that switches the fans off
at low temps I shouldn't keep hearing this revving noise.
 
How come we keep Paying more and more and getting less and less?

brandonrm
I have the same problem on my 2070 XC. I actually thought it was my HDD at first, so I removed that and discovered it was the GPU fans spinning up repeatedly. It has probably done this for a while, but I only noticed recently and now it is really annoying as I can hear it when my room is quiet and I am trying to work. I tried playing around with the fan curve settings, but I didn't know about the <35% threshold that the fan has trouble handling. They should be able to fix this with a firmware.

Can't be fixed with firmware the fans themselves are the issue......to test use after burner and manually
control the fan, move the slider anywhere below 35 percent and you will have the revving... firmware can't replace the fans only change the profile
so the min speed would be 35 percent.