Currently, SoFi Credit Card offers a $50 bonus after getting approved.
Additionally, the convenience of this card is one of the best selling points for it. You can host your banking, investment, loan, and now credit card all in one place.
Read below for more information on what SoFi has to offer.
SoFi Credit Card Features
Some of the benefits that comes with SoFi is:
- Cell Phone Insurance Protection, Mastercard ID Theft ProtectionTM, Lyft and Other Partner Rewards have additional terms and conditions, which can all be accessed through the World Elite Mastercard® Benefits portal. Please see the guide to benefits for details or call 1-800-MASTERCARD.
- Concierge services
- Free ShopRunner membership for unlimited free 2-day shipping and free return shipping at specific online stores.
- Special bonus offers at: Boxed, Fandango, Lyft, Postmates, and onefinestay
- When you make 12 on-time payments, we’ll lower your APR by 1%.
- No annual fee.
- No foreign transaction fees
- Cell phone protection (insurance coverage up to $1,000)
- Mastercard ID Theft ProtectionTM
- $10 Lyft credit when you take 5 rides per month
(Visit SoFi to learn more)
How To Earn SoFi Credit Card Bonus
- Apply for the SoFi Credit Card in less than 2 minutes.
- Get approved.
- Get $50 in reward points toward your financial goals
Earning Rewards
Even if this card is described as a cash back credit card, you’ll still be able to earn points on it. We value their points to be worth around $0.01 per point. But, SoFi will include an extra reward point to each point you redeem for:
- Cash deposited into your SoFi Banking account
- Shared credited to your SoFi invest account
- Cash applied to the balance of your SoFi student loan or personal loan.
You’ll have to forfeit your points if your credit card account is canceled or closed for any reason. With this in mind, SoFi reserves the right to cancel some or all of your points if they think you have gone against their terms or conditions.
Redeeming Rewards
You’ll be able to redeem your points for:
- Bonus offers on the redeem points webpage
- Cash deposited into your SoFi Banking account.
- Shares credited to your SoFi Invest account
- Cash applied to the balance of your SoFi student loan or personal loan.
You can take advantage of this straightforward program to maximize your rewards. Do this by putting all qualifying purchases on the card to maximize the points you earn. Then, you’ll be able to redeem your points to deposit cash in your Money account, get shares, or apply cash to a loan.
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Conclusion
Overall, when you open a SoFi Credit Card, you’ll be able to gain cash back on your daily transactions. Additionally, it comes with many features and perks that will appeal to you as well. One of the main benefits is that it comes with no annual fee or limitation on spending categories.
However, if you want a different type of credit card, be sure to check out our list of the best credit card bonuses for more information.
The information for the Sofi Credit Card has been collected independently by BankCheckingSavings. The product details on this page have not been reviewed or provided by the bank.
