Written Best for
- Cash Back Seekers
- Students
- Hotel Stays
- Foreign Travel
Considerations
- Interest Rates
- Foreign Transaction Fee
- Credit Score Requirements
- Reward Redemption Options
Pros
- No membership fees
- Cell phone insurance
- No foreign transaction fee
- Excellent rewards rewards rate when redeemed into an eligible SoFi account
Cons
- No initial rewards bonus
- No intro APR on purchases
- No intro APR on balance transfers
- Must redeem rewards into an eligible SoFi account for best value
- 50+ Credit Cards Ranked
- 2000 Data Points Collected
- 10 Levels of Rank Checking
- 25+ Categories Considered
At MyCreditCardLab, we value your trust above all else. We earn it with careful, fair analysis. We are fully transparent. We stick to strict editorial standards and independence. Your confidence in our content is our top priority.
See our full methodologyIn This Review
Review: SoFi Credit Card
Get in-depth credit card reviews covering features, benefits, fees, and rewards. Make informed decisions and find the perfect card for your financial goals.
For more information see our credit card score explanation here.At MyCreditCardLab, we put each card to the score.
We score SoFi Credit Card 10 different factors that impact the benefits and rewards of the cards. scoring categories include:
| Credit Cards Review | Rating |
|---|---|
| Intro APR | Fair |
| Regular APR | Fair |
| Annual Fee | Exceptional |
| Welcome Bonus | Fair |
| Rewards | Very Good |
| Benefits | Very Good |
| Recommended Credit Score | Very Good |
| Foreign Transaction Fee | Exceptional |
| Cash Advance Fee | Very Good |
| Balance Transfer Fee | Very Good |
Who can apply for SoFi Credit Card?
We have categorized SoFi Credit Card 4 main useful user criteria. it's applied using the MyCreditCardcLab methodology.
How is SoFi Credit Card Different?
The SoFi Credit Card stands out with its No foreign transaction fee along with no annual fee. The mix of cost-effectiveness makes it affordable. This makes it attractive for people seeking versatile financial benefits.
Best Comparisons with SoFi
SoFi Credit Card Annual Fee
Card type: Student Credit Cards
Issuer Name: SoFi
No annual fee
SoFi Credit Card has a $0 annual fee. it's best of students, small business person.
Welcome Bonus
The SoFi Unlimited 2% Credit Card has no sign-up bonus. But, it gives 2 points / $1 on all purchases. The SoFi Credit Card rewards cardholders. They get 3 points per $1 spent on trips booked on the SoFi Travel portal. They also get 2 points per $1 spent on all other purchases.
If you want an initial bonus, you can compare the best credit card bonuses from other cards.
APRs: SoFi Credit Card
Explore credit card APRs to understand borrowing costs. Learn how APRs vary for purchases, balance transfers, and cash advances. This is crucial for informed financial choices.
The table below shows the types of each APR brief description for the SoFi Credit Card.
| Type of APR | Rating |
|---|---|
| Intro APR - N/A | 7/10Fair |
| Regular APR - 20.24 percent to 29.99 percent (variable) | 7.3/10Fair |
| Purchase - 20.24% to 29.99% (variable) | 8.2/10Good |
| Balance transfer - APR: 17.99% to 29.99% variable based on creditworthiness and the Prime Rate, Fee: Either $10 or 5% of the amount of each transfer, whichever is greater | 8.8/10Very Good |
| Cash advance - Either $10 or 5% of the amount of each transfer, whichever is greater | 8.6/10Very Good |
| Penalty - Up to $39 | 8.5/10Very Good |
SoFi Credit Card Benefits
Certainly! Here's a table. It shows the benefits of the SoFi Credit credit card:
| Benefits | Score |
|---|---|
|
Free cellphone insurance Receive up to $1,000 of coverage when you pay your cellphone bill with your SoFi card. |
9.3/10Very Good |
| ID theft protection | 8.4/10Good |
|
World Elite Mastercard benefits It has Mastercard World Elite benefits. These include cellphone protection. And, they come with savings for Lyft, DoorDash and more. |
8.9/10Very Good |
|
No foreign transaction fees Save 2% to 3% on foreign transactions, it might be the best fit for consumers who make regular purchases outside the U.S. This card might be good for consumers. They want a business credit card with simple rewards and no annual fee. |
10/10Exceptional |
|
Sofi balance transfer The basics of balance transfer credit cards are simple. First, you must open a new card with lower or no interest. Then, you’ll move your credit card balance from the high-interest card to the new one. Once the transfer goes through, you’ll start paying down the balance on your new card. |
8.9/10Very Good |
SoFi Credit Card Rewards
SoFi Credit Card Rewards program offers remarkable versatility in credit currency. Utilize your earnings across a diverse array of options, such as:
- Earn 2 points on all eligible purchases. You can redeem them for 2% cash back. Use it for investing, saving, or paying an eligible loan with SoFi. Or, you can use it as a statement credit.*
- You earn 3 points per $1 spent. You get them when you use your SoFi Credit Card to book trips through the new SoFi Travel, powered by Expedia.
SoFi Credit Card Rewards Potential
| Annual Spend | Cash Back Percentage | Estimated Earnings |
|---|---|---|
| $5,000 | 2% | $100 |
| $10,000 | 2% | $200 |
| $15,000 | 2% | $300 |
| $20,000 | 2% | $400 |
| $25,000 | 2% | $500 |
| $30,000 | 2% | $600 |
| $35,000 | 2% | $700 |
Recommended Credit Score
Credit Score : 670 - 850 (Fair - Exceptional)
We evaluate credit card options based on FICO credit scores. We ensure tailored recommendations that match your financial profile.
For more information see our FICO Recommended credit score Rating explanation here.For individuals considering the SoFi Credit Card, we recommend a credit score between 670 (Fair) and 850 (Exceptional). This range ensures eligibility for personalized benefits and rewards that complement your credit profile. Apply now to access exclusive perks and enhance your credit card experience with us.
Compare The SoFi Credit Card vs. Other Popular Cards
Compare credit cards effortlessly to find the ideal match for your financial goals. Explore features, rewards, fees, and more to make informed decisions and maximize your benefits. You might want cash back, travel rewards, or low APR. Our tool makes it easy. It lets you compare many cards at once.
You have comprehensive information at your fingertips. You can select the card that best fits your spending and preferences. Take control of your finances. Find the perfect credit card for your needs with our easy comparison platform.
SoFi Credit Card
|
Capital One SavorOne Student Cash Rewards Card
|
Discover it® Student Cash Back Card
|
|---|---|---|
|
8.5MyCreditCardLab Score |
9.1MyCreditCardLab Score MyCreditCardLab Score 9.1We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score. |
9.0MyCreditCardLab Score MyCreditCardLab Score 9.0We've meticulously evaluated this card using MyCreditCardLab's exclusive credit card rating system. Our assessment considered various cardholder needs, ultimately assigning a rating based on the need with the highest score, currently at "." Our rating scale ranges from 1 to 10, with 10 representing the best possible score. |
| ANNUAL FEE | ||
| $0 | $0 | $0 |
| INTRO APR | ||
| N/A | 0% intro APR for 15 months | 0% intro APR for 6 months |
| REGULAR APR | ||
| 20.24% to 29.99% (variable) | 19.99% - 29.99% (Variable) | 18.24% - 27.24% Variable APR |
| WELCOME BONUS | ||
| None | Earn $50 Cash Back when you spend $100 in the first three months | Discover will match all cash back earned at the end of your first year with the card. |
| REWARDS | ||
| Earn up to 3 percent cash back rewards for a year when you set up direct deposit with SoFi. | Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases. | 5% cash back on rotating quarterly bonus categories |
| BENEFITS | ||
| 2% Simple Rewards Program, No Foreign Transaction Fees | No annual fee, International use, Entertainment | Choice of card designs, Text and email alerts |
| CASH ADVANCE FEE / APR | ||
| 5% (min $10) / 32.24% | 5% (min $5) / 5% | 5% (min $10) / 18.24% - 27.24% Variable |
| BALANCE TRANSFER FEE | ||
| Either $10 or 5% of the amount of each transfer, whichever is greater | 0% APR on Balance Transfers for 15 months, and then 19.99% - 29.99% Variable APR | 10.99% APR on Balance Transfers for 6 months, and then 18.24%-27.24% Variable APR |
| RECOMMENDED CREDIT SCORE | ||
| 670 - 850 (Fair - Exceptional) | 630 - 689 (Poor - Fair) | 630 - 689 (Poor - Fair) |
| FOREIGN TRANSACTION FEE | ||
| 0% | None | None |
| BEST FOR | ||
|
|
|
| More Details Compare | More Details Compare |
SoFi Credit Card U.S. Trends
See the latest trends in U.S. SoFi Credit credit card usage. They are from the past 12 months and based on Google Trends data. Learn about consumer preferences, popular card features, and new industry trends. This will help you stay ahead in the changing credit card market.
SoFi Credit Card U.S. Trends by City
SoFi Credit Card Login
Follow these easy steps:
Step 1. Go to the Login SoFi mastercard page via the official link.
Step 2. Log in using your username and password. The login screen appears upon successful login.
Step 3. If you still can’t access SoFi mastercard Login then see forgot your username and password option.
Frequently Asked Questions (FAQs)
Still have questions? Check out some of the top FAQs on the SoFi Credit credit card below and get the answers you're looking for.
The SoFi Unlimited 2% Credit Card credit score requirement is 670 to 850. That means people with good credit or better have a shot at getting approved for the SoFi Credit Card.
You can only make the most of the card if you’re a loyal SoFi Customer.
The SoFi Credit Card credit limit is $1,000 or more. Everyone who gets approved for the SoFi Credit Card is guaranteed a credit limit of at least $1,000. Especially creditworthy applicants could get much higher limits.
