3% Credit Card Cash Back Rewards Points Offer

3% Cash Back Rewards on SoFi Credit Card Purchases for 12 months on your SoFi Credit Card: 

You will need to receive a Direct Deposit every month into your SoFi Checking or Savings account in order to continue to receive this promotional cash back rewards rate. Direct Deposit means a deposit into an account holder’s SoFi Checking or Savings account, including payroll, pension, or government payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network. Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, do not constitute Direct Deposit activity and do not qualify for this promotion. It may take up to 90 days for your Direct Deposit to be recognized, after which you will begin earning 3% cash back rewards. If you do not see your 3% cash back rewards benefit after 90 days, please contact our help center. A maximum of 36,000 rewards points can be earned from this limited-time offer. After the Promotion Period ends or once you have earned the maximum points offered by this promotion, your cash back rewards earning rate will revert back to 2%. 36,000 rewards points are worth $360 when redeemed toward active SoFi accounts, including but not limited to, your SoFi Checking or Savings account, SoFi Money® account, SoFi Active Invest account, SoFi Credit Card account, or SoFi Personal, Private Student, Student Loan Refinance, or toward SoFi Travel purchases.

Promotion Period: 

The Program will be available from 4/5/22 12:01AM ET to 4/1/24 12:59 PM ET (the “Promotion Period”). SoFi reserves the right to exclude any Member from participating in the Program for any reason, including suspected fraud, misuse, or if suspicious activities are observed. SoFi also reserves the right to stop or make changes to the Program at any time.

Eligible Participants: 

All new members who apply and get approved for the SoFi Credit Card, open a SoFi Checking and Savings account, and receive a Direct Deposit into their SoFi Checking and Savings account during the Promotion Period are eligible. All existing SoFi Credit Card members who receive a Direct Deposit for the first time into their SoFi Checking & Savings account during the Promotion Period are eligible. For the avoidance of doubt, SoFi must receive the Direct Deposit prior to the end of the Promotion Period for a member to be eligible. All existing SoFi members who have already enrolled in Direct Deposit into a SoFi Checking & Savings account prior to the promotion period, and who apply and get approved for a SoFi Credit Card during the promotion period are eligible. Existing SoFi members who already have the SoFi Credit Card and previously set up Direct Deposit through SoFi Money or SoFi Checking & Savings are not eligible for this promotion. Offer limited to one per SoFi Checking & Savings account. In the case of a joint account, only the primary account holder (the member who signed up first) is eligible for the offer.