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% Intro on Purchases

N/A

Reward Rate

2% – 3%

0% Intro 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.*

Editorial Review

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

What Credit Score Is Required to Get the SoFi Unlimited 2% Credit Card

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.

Lowest Approved Credit Score: 628

Average Approved Credit Score: 710

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
---

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
Citi® Double Cash Card

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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