In this SoFi Credit Card Review, you’ll discover how this card makes managing your money easier.
It offers up to 2% cashback when used with SoFi Invest or loan payments.
With no annual fee and easy app integration, it’s ideal for anyone looking to simplify finances and grow savings.
What is the SoFi Credit Card?
The SoFi Credit Card is a no-annual-fee Visa Signature card that offers unlimited cashback on every purchase.
It’s designed to work seamlessly with SoFi products, allowing you to invest rewards or pay down SoFi loans automatically.

Key Features
Here are the key features that make the SoFi Credit Card a competitive option for everyday spending and smart financial management:
- Unlimited 2% Cashback – Earn 2% when you redeem rewards toward SoFi Invest, SoFi Loans, or SoFi Banking.
- 1% Cashback Flexibility – Get 1% cashback if redeemed as a statement credit or for non-SoFi uses.
- No Annual Fee – Keep more rewards without worrying about yearly costs.
- No foreign transaction fees – ideal for travelers who want to avoid extra charges abroad.
- Mobile Wallet Compatibility – Works with Apple Pay, Google Pay, and Samsung Pay.
- Contactless Payments – Tap to pay for faster, more secure checkouts.
- Visa Signature Benefits – Includes travel protection, purchase security, and concierge services.
- Real-Time Card Controls – Manage spending, freeze your card, and track rewards through the SoFi app.
Cashback Redemption Options
SoFi makes it easy to use your cashback by offering several flexible redemption options that align with your financial goals.
Here’s how you can redeem your rewards:
- Invest with SoFi Invest – Apply your cashback directly into stock, ETF, or crypto investments.
- Pay Down SoFi Loans – Use rewards to reduce your SoFi student, personal, or home loan balance.
- Deposit to SoFi Bank – Send your cashback into a SoFi Checking or Savings account to build your emergency fund or savings goals.
- Statement Credit – Redeem your cashback as a credit to your SoFi Credit Card account (earns only 1%).
- Automatic Redemption – Set your preferences in the SoFi app for hassle-free, recurring reward use.
Rates and Fees
Here’s an overview of the rates and fees associated with the SoFi Credit Card:
- Annual Fee: $0
- Purchase APR: Variable APR ranges from 19.24% to 29.74%, depending on your creditworthiness.
- Balance Transfer APR: This is the same as the purchase APR, with a fee of the greater of $10 or 5% of the amount transferred.
- Cash Advance APR: 31.24% variable APR, with a fee of the greater of $10 or 5% per transaction.
- Foreign Transaction Fees: None
- Late Payment Fee: Up to $41 will not exceed the minimum payment due.
- Returned Payment Fee: None
- Minimum Interest Charge: If you’re charged interest, it will be no less than $1.00.
These terms make the SoFi Credit Card a smart choice for paying in full and using SoFi’s services.
Rewards Program Integration with SoFi App
The SoFi Credit Card is fully integrated with the SoFi app, making it easy to manage your rewards and align them with your financial goals.
Here’s how the rewards program works within the app:
- Track Rewards in Real Time: View your cashback earnings as they accumulate directly in the app.
- Redeem Cashback Instantly: Use the app to apply rewards to investing, loan payments, or savings.
- Set Auto-Redemption Preferences: Choose how you want rewards used automatically, such as investing or debt payoff.
- Boost Rewards with Direct Deposit: Earn up to 10% more cashback when you set up direct deposit in SoFi Bank.
- Manage Everything in One Place: Access your credit card, bank accounts, investments, and credit score from one dashboard.

SoFi Member Benefits & Extras
As a SoFi member, you can access various exclusive benefits to enhance your financial journey. Here are some of the key perks:
- High-Yield Savings: Earn up to 3.80% APY on savings balances with eligible direct deposit or qualifying deposits.
- Financial Planning: Access personalized advice from credentialed financial planners to help you achieve your financial goals.
- Estate Planning Discounts: Receive exclusive discounts on trust, will, or guardianship estate plans.
- SoFi Stadium Perks: Enjoy expedited entry, access to the SoFi Member Lounge, and other exclusive benefits at SoFi Stadium.
- SoFi Travel: Save and earn rewards on travel bookings made through SoFi’s platform.
- Member Advisory Board: Provide feedback across SoFi’s products and services.
- Referral Program: Earn rewards by referring friends and family to SoFi.
Who Should Apply?
The SoFi Credit Card is ideal for those in the SoFi ecosystem or looking to simplify finances with steady rewards.
Here’s who will benefit most from this card:
- SoFi Members – Ideal for users with existing SoFi Invest, Loans, or Banking accounts.
- Cashback Seekers – Great for those who prefer a flat-rate 2% cashback structure.
- Investors and Savers – Useful for people who want to grow investments or pay down debt automatically.
- Fee-Averse Users – Perfect if you want a card with no annual or foreign transaction fees.
- Tech-Savvy Users – Fits well for those who like managing finances through a mobile app.
How to Apply
Applying for the SoFi Credit Card is a straightforward online process designed for U.S. residents with good credit. Here’s how to get started:
- Visit the Application Page: Go to the official SoFi Credit Card application page.
- Sign In or Create an Account: Log in with your SoFi credentials or sign up for a new account.
- Enter Personal Information: Provide your name, address, Social Security number, and other basic details.
- Add Financial Details: Submit your income, employment status, and housing information.
- Review and Submit: Check all your info, agree to the terms, and submit your application.
- Wait for Approval: Most applicants get a decision instantly, but some reviews may take longer.
SoFi Credit Card Customer Support
If you need assistance with your SoFi Credit Card or have general inquiries, here’s how to get in touch with SoFi:
- Phone Number: (844) 945-7634 – Available 24/7 for credit card-related inquiries.
- Corporate Office Address: Social Finance, Inc., 234 1st Street, San Francisco, CA 94105
Final Verdict
The SoFi Credit Card offers a straightforward way to earn cashback and build your financial future.
With no annual fee and seamless integration into SoFi’s ecosystem, it’s ideal for users who want to invest or pay down debt automatically.
If you’re ready to take control of your money, consider applying for the SoFi Credit Card today.
Disclaimer
Rates, terms, and rewards are subject to change and may vary based on creditworthiness and other factors.
Always review the official SoFi Credit Card terms and conditions before applying or making financial decisions.