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You are here: Home / Credit Cards / SoFi Credit Card

SoFi Credit Card

August 18, 2022 by Abby Hayes

The SoFi Credit Card is a cash back card designed for those who have a SoFi Checking and Savings Account or SoFi Active Invest account. You can earn up to 3% cash back when you use your rewards to pay down debt, build savings, or invest with SoFi.

SoFi Credit Card
Learn More
Our Rating
3.5/5.0
Welcome Offer
$300
Annual Fee
$0
0% on Purchases
None
Rewards Rate
2x points and up to 3% cash back
0% on Balance Transfers
None

Rewards

3% cash back
All eligible purchases
Earn up to 3% cash back for 365 days when you get approved for a credit card, and set up direct deposit through SoFi and redeem it to pay down eligible debt, save, or invest.
2x points
All eligible purchases
You will earn 2 reward points for every dollar spent on eligible purchases.

Pros & Cons

Pros
  • Welcome bonus
  • No annual fee
  • No foreign transaction fee
  • up to 3% cash back
Cons
  • Requires good credit

Features & Benefits

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability, Identity theft protection
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
BenefitsCell Phone Protection, ShopRunner, 24/7 customer service
Travel PerksAccess to Special Events and Concerts, Concierge Services, Emergency Travel Assistance

Interest Rates & Fees

Annual Fee$0
Foreign Transaction FeeNone
Regular APR14.49% to 26.49% (V) APR

What Credit Score Is Required to Get the SoFi Credit Card

Based on data we’ve collected from public forums, a credit score of 690 or higher is ideal. We have seen an approval with a score as low as 628, but keep in mind that credit card issuers consider more than just your credit score when evaluating a credit card application.

App StatusDateCredit ScoreBureauCredit Limit
Approved08/27/2021
628
TransUnion
$5,000
Approved05/25/2022
700
Experian
$10,000
Approved05/20/2022
699
Experian
$7,500
Approved05/20/2022
721
TransUnion
$7,500
Approved05/20/2022
743
Equifax
$7,500
Approved12/17/2020
703
Experian
$9,500
Approved02/22/2021
773
Not Provided
$15,000
Denied04/11/2022
701
Experian
---
Denied04/11/2022
727
TransUnion
---
Denied04/11/2022
745
Equifax
---
Denied04/18/2021
685
Experian
---

What Are the Best Alternatives?

Citi® Double Cash Card - 18 month BT offer
Citi® Double Cash Card - 18 month BT offer

Rating

4.9

Rewards Range

1% to 2%

Annual Fee

$0

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U.S. Bank Cash+ Visa Signature Card
U.S. Bank Cash+ Visa Signature Card

Rating

4.8

Rewards Range

1% - 5%

Annual Fee

$0

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Chase Freedom Unlimited®
Chase Freedom Unlimited®

Rating

4.9

Rewards Range

1.5% - 5%

Annual Fee

$0

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About Allcards.com

Rob Berger founded allcards.com in 2008 to help consumers make data-driven decisions about credit cards and banking. A retired trial attorney, he’s written about credit cards, banking and personal finance since 2007, and is the author of Retire Before Mom and Dad.

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