SoFi Unlimited 2% Credit Card

The SoFi Unlimited 2% Credit Card has reinvented itself as a 2% cash back card. SoFi offers a kind of financial one-stop-shopping, where you can do your banking, open a credit card, invest and take out a loan, all in the same place. The card offers an unlimited 2% cash back on every purchase, with 3% cash back on travel booked through SoFi. You can redeem your rewards as a statement credit, invest, or pay down debt. For those who value convenience, it’s a good, but not great, choice. We dive into the details and your approval odds in this SoFi Credit Card review.

SoFi Credit Card

Our Rating

3.5/5.0

Welcome Offer

N/a

Annual Fee

$0

0% on Purchases

N/A

Reward Rate

2% – 3%

0% on Balance Transfers

N/A

Welcome Offer

Earn up to $200 when you fund an Invest account as well as a Checking and Savings account after getting approved for the SoFi Credit Card. See Terms.*

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

Rewards

2% cash back
All eligible purchases
Earn up to 2% cash back on all purchases
3% cash back
Travel
Earn 3% cash back on travel booked through SoFi Travel

Interest Rates & Fees

Annual Fee$0
Foreign Transaction FeeNone
Regular APR20.24% to 29.99%, (V) APR

Pros & Cons

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

What Are the Best Alternatives?

Citi<sup>®</sup> 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

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

Rating

4.8

Rewards Range

1% - 5%

Annual Fee

$0

Chase Freedom Unlimited®
Chase Freedom Unlimited®

Rating

4.9

Rewards Range

1.5% - 5%

Annual Fee

$0

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