Yes. If you have not set up a SoFi Money account, you can apply for one here.
If you do not have an active SoFi Money account, you may redeem SoFi Points as extra payments towards your SoFi Personal Loan or Student Loan Refinance, or as a statement credit on your SoFi Credit Card. You must have an active and eligible SoFi product to redeem your SoFi Points.