Please refer to the terms and conditions in your cardholder agreement for any fees applicable to your account. Your cardholder agreement can be found in the Documents section of your credit card account on the SoFi app.
Is there an annual fee for having a SoFi Credit Card?
No, there isn’t! We work hard to give you the best rate we can and charge no annual fee. With that in mind, our fee structure is subject to change at anytime.
Does SoFi Credit Card have a foreign transaction fee?
SoFi does not add any Foreign Exchange Fees to Purchase Transactions
Do you charge late fees on your SoFi Credit Card?
We charge a late fee to your Credit Card account in specific scenarios, such as when a payment is received late. The charges are defined in your terms and conditions.
What is the Cash Advance transaction fee?
There is a standard transaction fee associated with each balance transfer. This fee is typically calculated as a percentage of each transaction amount or a flat rate—the greater of $10 or 5% of the balance transfer. SoFi does not add any additional fees to purchase transactions.
Cash Advance Fees:
-
SoFi Fee is either $10 or 5% per transaction, whichever is greater.
-
Surcharge fee is determined by financial institution where cash advance occurs.
-
Fees are not deducted from the cash advance being withdrawn.
-
Example: If the member is trying to pull $100 they will get $100 and then a separate fee will be added, usually the same day, to the credit card.
-
-
The fees/surcharges will reduce the overall available amount for cash advances.