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SoFi Credit Card review

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Advertiser Disclosure

Interest Rate: Purchases
12.99% ‐ 24.99% (Variable)
Balance Transfer
12.99% ‐ 24.99% (Variable)
1% cashback
Signup Bonus

Informr score
The SoFi Credit Card currently has an Informr score of 7.5 out of 10. This score is based on our evaluation of 2 sources including reviews from users and the web's most trusted critics.

Am I eligible?

SoFi Credit Card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...

The Balance

A good fit for SoFi customers who want to earn cash back and don’t mind the extra step of sending their cash-back balance to their SoFi account to get the best rewards redemption rate.

- Dawn Papandrea, The Balance

The SoFi credit card makes it easy to use your credit card rewards responsibly, as long as you have other SoFi accounts, such as SoFi Money, SoFi Invest, SoFi student loans, or SoFi personal loans. The 2% cash back equivalent earning rate is decent for a no-annual-fee credit card, but having to stay...

- Lance Cothern, Investopedia


Interest Rates
Regular APR Interest Rate 12.99% ‐ 24.99% (Variable)
  • Make 12 on-time payments, and lower your APR by 1%
  • This APR will vary with the market based on the Prime Rate.
Balance Transfer Interest Rate 12.99% ‐ 24.99% (Variable)

This APR will vary with the market based on the Prime Rate.

Cash Advance Interest Rate 26.99% (Variable)

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 5%

Minimum of $10

Cash Advance Fee 5%

Minimum of $10

Foreign Transaction Fee $0.00
Over Limit Fee $0.00
Late Payment Fee $39.00


Sign up bonus No
All Purchases 1% cash back

When you redeem it to pay down eligible debt, save, or invest with SoFi, they'll throw in an extra 1% toward your goal, for a total of 2%

Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

Earn 5% cash back rewards on orders for use on future purchases

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability Yes
No Foreign Transaction Fees Yes
Emergency Assistance Yes
Concierge Service Yes
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Virtual Cards No
Additional Benefits
  • Take five rides in a month, and get a $10 Lyft credit
  • Get unlimited free two day shipping and free return shipping on purchases with Shoprunner
  • Cell phone protection
  • Mastercard ID theft protection
  • $5 off future movie tickets or at-home purchases for every 2 movie tickets purchased (through double points on Fandango VIP).
  • Save 10% on thousands of splendid rental homes and villas in cities worldwide with onefinestay
  • Mastercard Priceless Golf
  • Complimentary professional travel services
  • Mastercard Hotel Stay Guarantee
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
Additional comments

Currently available for SoFi members notified via email.

Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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