Once conditions are met, after 60 days of your loan in good standing, you will receive 1 SoFi Rewards point for every $1 funded of your Personal Loan amount, in your SoFi Rewards account.
Each SoFi Rewards Point can be redeemed as $0.01 when redeeming for any of the following:
-
any promotional offer listed on the "Redeem Points" page, or
-
cash deposited into your SoFi Money Account,
-
shares (fractional or whole shares) credited to your SoFi Invest Account,
-
cryptocurrency purchased from your SoFi Crypto account or
-
cash applied to the outstanding balance of your SoFi Student Loan Refinance or SoFi Personal Loan.
Note: Although SoFi Rewards Points are redeemable as cash to be applied as described above, they are not cash and cannot be transferred to a third party. Your Rewards Points also can’t be transferred by operation of law, such as by inheritance, in bankruptcy or in connection with a divorce. You will forfeit your entire SoFi Rewards Points balance if your Personal Loan is cancelled for any reason.