SoFi is testing two new invite-only credit cards – SoFi Everyday Cash Rewards Credit Card And the SoFi Basic Credit CardThese new cards reflect SoFi’s commitment to helping its members achieve their goals. By offering multiple cards, we can give members with diverse credit backgrounds more options to choose the tool that’s best for them.
the SoFi Everyday Cash Rewards Credit Card Helping our members balance their daily lifestyle with their financial future. Whether it’s dining out, dining in through food delivery apps, or buying groceries for meal prep, this card helps members maximize their rewards on their everyday spending. Earn 3% cash back rewards on dining (including takeout and delivery apps); 2% on groceries (including online delivery); and 1% on everything else.
the SoFi Basic Credit Card Our members get credit they can count on – it’s designed for members interested in improving their credit without the surprise fees and hassle of other banks.
If you receive an invitation to place an order for these products, please follow the instructions you received via email. Otherwise, please be aware that these products are invitation-only and are not currently widely available.
Daily Cash Rewards Card FAQ
Will applying for the Everyday Cash Rewards card affect my credit score?
The initial SoFi credit card application is a soft credit pull, and it will have no impact on your credit score if you are denied. However, if you are accepted, we will conduct a hard pull that may impact your credit score.
How do I apply for an Everyday Cash Rewards card?
If you received an invitation to apply for this product, please follow the instructions you received via email. If you did not receive an invitation to apply for this product, please be aware that this product is in beta testing and is not currently widely available.
How do I earn cash rewards on my Everyday Cash Rewards card?
You’ll get unlimited 3% cash back rewards on a wide range of dining options:
Dining out includes a variety of categories such as restaurants, cafes, bars, lounges, fast food chains, and bakeries. Dining in includes food delivery platforms such as DoorDash and UberEats.
You’ll earn unlimited 2% cash back rewards on everyday grocery shopping at a wide range of grocery stores, online grocery delivery, and convenience stores nationwide.
You’ll earn unlimited 1% cash back on all other purchases. This is automatically applied to every purchase you make – whether you swipe, dip, tap or pay online. See more details at
How do I redeem cash back rewards on my Everyday Cash Rewards card?
You may redeem Rewards as statement credits or spread them across other SoFi products including but not limited to SoFi checking and savings accounts, investing, travel, and eligible SoFi loan repayment products.
What are the requirements to get an Everyday Cash Rewards card?
To be eligible for a SoFi credit card, you must be at least 18 years old (or the legal age required in your state of residence), have a physical U.S. mailing address, and have a valid Social Security number. The SoFi Everyday Cash Rewards card is designed for those with good to excellent credit.
How does identity theft protection and zero liability in the event of fraud work on the Everyday Cash Rewards card?
At SoFi, protecting our members is paramount. Click here to learn more about how we protect you from identity theft and fraud.
Can I share the Everyday Cash Rewards card offer with friends or family?
No – The SoFi Everyday Cash Rewards Card is currently available by invitation only. Offers are non-transferable.
Can I make a one-time payment on my Everyday Cash Rewards card?
You can set up auto-payment right away, but if you want to make a one-time payment, you can do so at any time in the SoFi app.
Basic Card FAQ
Will applying for a primary card affect my credit score?
The initial SoFi credit card application is a soft credit pull, and it will have no impact on your credit score if you are denied. However, if you are accepted, we will conduct a hard pull that may impact your credit score.
How do I apply for a basic card?
If you received an invitation to apply for this product, please follow the instructions you received via email. If you did not receive an invitation to apply for this product, please be aware that this product is in beta testing and is not currently widely available.
How does identity theft protection and zero liability in the event of fraud work?
At SoFi, protecting our members is paramount. Click here to learn more about how we protect you from identity theft and fraud.
Can I share this Basic Card offer with friends or family?
No – The SoFi Essential Card is currently invite-only. Offers are non-transferable.
Can I make a one-time payment on the primary card?
You can set up auto-payment right away, but if you want to make a one-time payment, you can do so at any time in the SoFi app.
disclosureSoFi credit cards are issued by SoFi Bank, NA pursuant to a license from Mastercard® International Incorporated and may be used wherever Mastercard is accepted. Mastercard is a registered trademark, and the circle design is a trademark of Mastercard International Incorporated.
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