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SoFi Credit Card review

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Advertiser Disclosure

Annual Fee
Interest Rate: Purchases
20.24% ‐ 29.99% (Variable)
Interest Rate: Purchases
20.24% ‐ 29.99% (Variable)
Balance Transfer
20.24% ‐ 29.99% (Variable)
Balance Transfer
20.24% ‐ 29.99% (Variable)
2% cashback
2% cashback
Signup Bonus
Signup Bonus

Informr score
The SoFi Credit Card currently has an Informr score of 8.2 out of 10. This score is based on our evaluation of 17 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 Ascent
The Ascent

Offers cash back rewards on every purchase and higher rewards for SoFi Travel purchases, all for no annual fee. To maximize your rewards, you will need to redeem rewards into an eligible SoFi account, however.

- Brittney Myers, David Chang, The Ascent

The SoFi Credit Card may be a worthwhile card option if you already have accounts with SoFi. How valuable this card turns out to be depends on the amount of rewards you earn and how you use them. If you're adding them to a SoFi savings or investment account or paying down debt, then you'll get more...

- Rebecca Lake, MyBankTracker

The Sofi Credit Card is a solid option for flat-rate cash back and stands out as an excellent choice for SoFi customers with direct deposit at SoFi Bank, thanks to the elevated 3% cash back rate in the first year for up to $12,000 in purchases. That 3% rate is worth up to $360 alone. Then you’ll ear...

- Eric Rosenberg, Time
Money Crashers
Money Crashers

The SoFi Credit Card is a straightforward cash-back card that earns 2% back on most purchases and 3% back on eligible travel purchases. With no annual fee and potentially valuable perks beyond its rewards program, it easily pays for itself. But the missing sign-up bonus and 0% intro APR offer lessen...

- Brian Martucci, Money Crashers
Credit Karma
Credit Karma

The SoFi Credit Card could be worth considering if you already have an account with SoFi (like a bank account, investment account, personal loan or student loan), and would like to keep your financial accounts under one roof. In fact, it likely doesn’t make sense to use the card unless you already h...

- Ben Luthi, Credit Karma


Interest Rates
Regular APR Interest Rate 20.24% ‐ 29.99% (Variable)

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

Balance Transfer Interest Rate 20.24% ‐ 29.99% (Variable)

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

Cash Advance Interest Rate 32.24% (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 $41.00


Sign up bonus No
All Purchases 2% cash back
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

Earn 3% cash back when you use your SoFi credit card to book trips through the new SoFi Travel powered by Expedia

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 Yes
Wireless Payments No
Virtual Cards No
Additional Benefits
  • $5 Lyft credit for every 3 rides taken in a month, once per month
  • Free Shoprunner annual membership of $79
  • 3-month free trial of DashPass for non-members + $5 discount on two orders each month for DashPass subscribers
  • Cell phone protection
  • Mastercard ID theft protection
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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