When you redeem SoFi Points towards your SoFi Credit Card statement credit, you will see the statement credit applied within 1-2 business days. For example, if you redeem points towards your SoFi Credit Card statement credit on a Friday, your credit should be applied by Monday of the following week (assuming no weekday holidays).
If you elect to redeem SoFi Rewards as a statement credit against the amount due on your SoFi Credit Card, It will be applied to your current outstanding balance before the calculation of your minimum payment.
Please note that In most cases, however, you will still have a minimum payment due for the related billing cycle.