Offering unlimited cash back on every purchase and seamless integration with SoFi’s suite of financial products, this card empowers you to save, invest, or pay off debt while rewarding you for your everyday transactions. It’s not just a credit card—it’s a smart financial tool designed to help you achieve your goals faster.
With no annual fees, exclusive perks, and an enticing rewards program, the SoFi Credit Card ensures every swipe works toward something meaningful. Whether you’re dining out, shopping online, or traveling the world, this card is tailored to help you spend smarter, save faster, and live better.
Benefits of the SoFi Credit Card
1. Unlimited Cash Back: Earn 2% unlimited cash back on every purchase when you redeem toward paying down debt, saving, or investing with SoFi. This straightforward rewards structure helps you make progress on your financial goals with each swipe.
2. No Annual Fee: Keep more of your money for what matters most. The SoFi Credit Card comes with no annual fee, allowing you to enjoy all its benefits without added costs.
3. Lower APR with On-Time Payments: Consistently pay on time to become eligible for a reduced APR, rewarding your good payment habits and helping you save more on interest over time.
4. Redeem for Financial Goals: Your rewards seamlessly integrate with SoFi’s ecosystem. Whether you’re paying down student loans, investing in stocks, or boosting your savings, redeeming is both convenient and effective.
5. No Foreign Transaction Fees: Spend and travel internationally without extra fees on foreign transactions—perfect for those who love to explore or shop abroad.
6. Cell Phone Protection: When you pay your monthly phone bill with the SoFi Credit Card, you receive up to $1,000 in coverage for stolen or damaged devices, keeping you connected with fewer worries.
7. Welcome Bonus: Kickstart your rewards journey with a generous bonus after meeting a qualifying spend in the first few months, giving you an immediate head start.
8. Contactless Payments: Tap your card to pay for secure, hassle-free transactions. Contactless technology saves you time and enhances your in-store shopping experience.
9. Mobile Wallet Compatibility: Sync the SoFi Credit Card with Apple Pay, Google Pay, or Samsung Pay for on-the-go convenience and secure digital payments.
10. Real-Time Spending Insights: Monitor transactions, track budgets, and stay informed about your financial habits through SoFi’s user-friendly app—providing a clear snapshot of where your money goes.
11. Exclusive SoFi Member Perks: Access unique offers, financial tools, and additional benefits tailored to SoFi members, enriching your overall experience with the platform.
12. World Elite Mastercard Benefits: Enjoy travel protections, concierge services, and special invitations to luxury events as part of the World Elite Mastercard program, elevating your cardholder experience.
Redeeming Rewards: Deposit to SoFi Money, Pay Down SoFi Loans, Invest with SoFi or Offset Credit Card Balances. With multiple redemption methods, you can align your SoFi Credit Card rewards with your financial goals—whether that means saving, investing, or reducing debt.
Who Can Apply?
Eligibility criteria for the SoFi Credit Card:
- Age: Must be at least 18 years old.
- Residency: Must be a U.S. resident with a valid Social Security Number.
- Credit History: A good credit score increases your chances of approval.
- Income: Demonstrate sufficient income to meet repayment obligations.
- SoFi Membership: While not mandatory, having a SoFi account simplifies rewards redemption.
How to Apply
- Visit SoFi’s Website: Navigate to the SoFi Credit Card page.
- Check Eligibility: Use the pre-approval tool to check your eligibility without impacting your credit score.
- Complete the Application: Fill out the online form with your personal and financial details.
- Submit Documents: Provide any necessary identification or income verification.
- Receive Your Card: Upon approval, your card will be mailed to you.
Frequently Asked Questions
Is there an annual fee?
No, the SoFi Credit Card has no annual fee.
What happens if I make on-time payments?
Consistent on-time payments can qualify you for a lower APR, incentivizing good financial habits.
How do I track my rewards?
Track rewards and spending through the SoFi app, which provides real-time updates and insights.
How is my credit limit determined?
Your credit limit is based on your creditworthiness and income at the time of application.
