You must have an active and eligible SoFi product to redeem your rewards points.
To redeem rewards points, please follow these steps:
- Log in to your account
- Once you’re logged in, select the gem icon above your account details
- Select “Redeem”
- Select an active SoFi-product account or a new account you would like to open and follow the remaining steps to confirm your redemption
Remember, you can redeem your rewards points in the following ways in relation to the following SoFi product(s):
- Redeem rewards points as cash in a SoFi Checking and Savings account.
- Redeem rewards points as cash in a SoFi Active and Automated Invest account.
- Redeem rewards points as an extra payment applied to a SoFi Personal Loan or SoFi Student Loan Refinance.
- 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.
- Redeem rewards points as a statement credit on a SoFi Credit Card.