SoFi Rewards MastercardSoFi Credit Card
Issued by SoFi
Reviewed by the CardCurator Editorial Team
Before you apply
Use this quick check so you click out only when the offer and fee structure really fit.
- Best fit: strongest ongoing earning is 3x on All Purchases (with SoFi Plus or qualifying direct deposit).
- Bonus hurdle: spend $500 in 3 months.
- Annual fee: No annual fee.
- Who should skip: people chasing premium perks, lounge access, or outsized transfer-partner upside.
- What happens next: you will leave CardCurator for the issuer or partner application page in a new tab.
Confirm current issuer terms and approval rules before you submit an application.
Earning Categories
Current Welcome Bonus
Earn a $200 cash rewards bonus after $500 in purchases in the first 3 months
Year 1 net value: +$2 (bonus − annual fee)
Card Perks
Up to $1,000/claim for eligible cell phone damage or theft when monthly bill paid with card. World Elite Mastercard benefit.
24/7 travel and lifestyle concierge service.
Maximize Your SoFi Rewards Points
Expert tips to get the most value from this program
Program Overview
SoFi Rewards points redeem at a fixed 1 cent per point. Options: statement credit, SoFi Invest account deposit, or eligible SoFi loan payments. No transfer partners.
Earning Tips
2% unlimited on all purchases. SoFi Plus members earn 3% on travel booked through SoFi Travel (Expedia-powered).
Redemption Tips
All redemption options are equal at 1¢/point — statement credit, invest deposit, or loan payment. No optimization needed.
Card Details
Compare This Card
See how the SoFi Credit Card stacks up against other cards side by side — fees, bonuses, earn rates, and more.
Approval Insights
Recent community application data for this card. Issuers make the final decision, but this gives you a public read on how similar applicants have been doing lately.
How to use this
- Use the approval summary as a signal, not a guarantee.
- Combine it with issuer rules like 5/24, Amex lifetime language, and velocity limits.
- Open the full approval page to see recent datapoints, profile bands, and notes.
Most card pages stop at a generic credit-score range. CardCurator layers real community submissions on top of card detail, rewards value, and application strategy.
Frequently Asked Questions
- What is the annual fee for the SoFi Credit Card?
- The SoFi Credit Card has no annual fee.
- What is the best category to use the SoFi Credit Card for?
- The SoFi Credit Card earns 3x on All Purchases (with SoFi Plus or qualifying direct deposit), making it the strongest earning category for this card.
- What is the SoFi Credit Card welcome bonus in 2026?
- The SoFi Credit Card currently offers a welcome bonus of $200 statement credit after spending $500 in the first 3 months.
- Does the SoFi Credit Card charge foreign transaction fees?
- No, the SoFi Credit Card does not charge foreign transaction fees, making it a good choice for international purchases.
- How much are SoFi Rewards points worth?
- SoFi Rewards points are worth approximately 1.00¢ per point on average, with premium redemptions reaching up to 1.00¢ per point. Values based on industry estimates including The Points Guy and NerdWallet.
Need a simpler cash back option?
Browse partner cash back cards if you want straightforward value, lower complexity, or a better match for everyday spending.
What to check before you leave
- Prioritize the categories where you spend the most each month.
- Check whether a flat-rate card may outperform rotating or capped bonuses.
- Confirm the fee structure and current welcome offer before applying.
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