3% Cash Back Credit Card offer
Timeframe: 4/11/2022 12:00 AM ET - 12/31/2022 11:59 PM ET
- Earn 3% Cash Back on Credit Card purchases for the first 12 months or $12,000 total spend (whichever comes first)
- Members earn 3 Rewards points for every dollar spent on eligible purchases, until 36,000 points are earned or 12 months whichever comes first. (Reverts to 2 rewards points for every dollar spent on eligible purchases after promotion)
- If you elect to redeem points for cash deposited into your SoFi Money account, fractional shares in your SoFi Invest account, or as a payment to your SoFi Personal or Student Loan Refinance, your points will redeem at a rate of 1 cent per every point.
- If you elect to redeem points as a statement credit to your SoFi Credit Card account, your points will redeem at a rate of 0.5 cents per every point.
- To receive the offer, you must apply and get approved for the SoFi Credit Card and have an active direct deposit through your SoFi Checking and Savings Accounts/SoFi Money Account.
- Your eligibility for a SoFi Credit Card Account or a subsequently offered product or service is subject to the final determination by The Bank of Missouri (“TBOM”) (“Issuer”), as issuer, pursuant to license by Mastercard® International Incorporated and can be used everywhere Mastercard is accepted.
- 3% Cash Back Official Rules
Terms and Conditions:
- SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS PROSPECTIVELY BASED ON MARKET CONDITIONS AND BORROWER ELIGIBILITY.
- Accounts subject to additional credit approval.
- Please allow up to 30 days from the date of submission to process your application.
- The card offer referenced in this communication is only available to individuals who are at least 18 years of age (or of legal age in your state of residence), and who reside in the United States.
- You will need to maintain a qualifying Direct Deposit every month with SoFi Money in order to continue to receive this promotional cash back rate.
- Qualifying Direct Deposits must be made from the enrolled member’s employer, payroll, or benefits provider via ACH deposit.
- Deposits that are not from an employer (such as check deposits; P2P transfers such as from PayPal or Venmo, etc.; merchant transactions such as from PayPal, Stripe, Square, etc.; and bank ACH transfers not from employers) do not qualify for this promotion.
- A maximum of 36,000 rewards points can be earned from this limited-time offer.
- After the promotional period ends or once you have earned the maximum points offered by this promotion, your cash back earning rate will revert back to 2%.
- 36,000 rewards points are worth $360 when redeemed into SoFi Money®, SoFi Invest, Crypto, SoFi Personal or Student Loan Refinance loans and are worth $180 when redeemed as a SoFi Credit Card statement credit.
- Members earn 2 rewards points for every dollar spent on eligible purchases.
- For more details, please visit the Rewards page: https://www.sofi.com/rewards/
- Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA/SIPC.