Rewards points earned through SoFi Credit Card spend transactions will be eligible for redemption 3-7 business days after they are posted to your account. All other rewards points earned will be eligible for redemption immediately after they post to your account.
- Eligible rewards points redemption as cash in your SoFi Checking and Savings account is immediate.
- Eligible rewards points redemption as cash in your SoFi Active and Automated Invest account is within 1-2 business days.
- Eligible rewards points redemption in an extra SoFi Personal Loan payment is within 1 business day.
- NOTE: Payments will be applied first to fees and charges (including late fees), then to accrued interest to the date payment is received, and then any remainder to the principal balance of your loan. If you have no outstanding fees, the extra payment will be applied to the principal balance. Rewards points redeemed for extra payments will not impact your monthly amount due.
- Eligible rewards points redemption in an extra SoFi Student Loan Refinance payment is within 1 business day in MOHELA.
- NOTE: Payments will be applied first to fees and charges (including late fees), then to accrued interest to the date payment is received, and then any remainder to the principal balance of your loan. If you have no outstanding fees, the extra payment will be applied to the principal balance. Rewards points redeemed for extra payments will not impact your monthly amount due.
- Eligible rewards points redemption in SoFi Credit Card statement credit is applied within 1-2 business days.
- NOTE: If you elect to redeem 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.
- Eligible rewards points redemption to pay for travel bookings through the SoFi Travel portal is applied immediately.