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2750 East Cottonwood Parkway #300
Cottonwood Heights, Utah 84121

Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 10/20/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet.


Eligible Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Eligible Direct Deposit”) via the Automated Clearing House (“ACH”) Network every 31 calendar days.


Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposit. To ensure you're earning the APY for account holders with Eligible Direct Deposit, we encourage you to check your APY Details page the day after your Eligible Direct Deposit posts to your SoFi account. If your APY is not showing as the APY for account holders with Eligible Direct Deposit, contact us at 855-456-7634 with the details of your Eligible Direct Deposit. As long as SoFi Bank can validate those details, you will start earning the APY for account holders with Eligible Direct Deposit from the date you contact SoFi for the next 31 calendar days. You will also be eligible for the APY for account holders with Eligible Direct Deposit on future Eligible Direct Deposits, as long as SoFi Bank can validate them.


Deposits that are not from an employer, payroll, or benefits provider or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, Wise, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Eligible Direct Deposit activity. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. SoFi Bank shall, in its sole discretion, assess each account holder's Eligible Direct Deposit activity to determine the applicability of rates and may request additional documentation for verification of eligibility. See additional details at https://www.sofi.com/legal/banking-rate-sheet.


SoFi Bank, N.A. NMLS #696891, Member FDIC

SoFi Lending Corp. NMLS #1121636

234 1st Street, San Francisco, CA 94105

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SoFi Credit Card: Rewards and Additional Benefits

3 months ago · Updated

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Maximize the benefits of your SoFi Credit Card by understanding how to both earn and redeem your rewards points.

Before You Begin

SoFi members can earn rewards through various activities and redeem them for cash back or statement credits. To manage your rewards, you can use the SoFi app or website.


For more information about SoFi’s Referral & Rewards Programs please visit SoFi Referral & Rewards Programs

How Can I Earn Rewards Points with My SoFi Credit Card?

  1. Log in to your SoFi account at SoFi.com.
  2. Click the Rewards icon in the top left corner of the screen (signified by a small diamond).
  3. Review the Ways To Earn section under Rewards.

The specific rewards you earn can vary based on your SoFi Credit Card type:

SoFi Unlimited 2% Credit Card: 

  • Standard: Earn 2% back on every purchase.
  • SoFi Plus: Earn 5.5% cash back rewards on SoFi Travel (excluding airfare), 3.3% on airfare booked through SoFi Travel, and 2.2% cash back rewards on all other eligible purchases.

SoFi Everyday Cash Rewards Credit Card: 

  • Standard: Earn 1.5% back on every purchase.
  • SoFi Plus: Earn 5.5% cash back rewards on SoFi Travel (excluding airfare), 3.3% on airfare booked through SoFi Travel, 3.3% cash back rewards on dining, 2.2% cash back rewards on groceries, and 1.1% cash back rewards on all other eligible purchases.

SoFi Essential Credit Card: 

  • Standard: Earn 1% back on every purchase.
  • SoFi Plus: Earn 5.5% cash back rewards on SoFi Travel (excluding airfare) and 3.3% cash back rewards on airfare booked through SoFi Travel.

**Terms apply. Rewards are subject to change and may have limitations.
 

For detailed information about how rewards points are earned with each card type, refer to the Rewards Agreement specific to your card:

  • SoFi Unlimited 2% Credit Card Rewards Agreement
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    • SoFi Everyday Cash Rewards Credit Card Rewards Agreement
  • SoFi Essential Credit Card Rewards Agreement

    • How Can I Redeem My Rewards Points?

    1. Log in to your SoFi account at SoFi.com.
    2. Click the Rewards icon in the top left corner of the screen (signified by a small diamond).
    3. Select the Redeem option.
    4. Choose the reward you want to redeem:
      • Cash back
      • Statement credits

    Follow the on-screen instructions to complete the redemption process.

    Additional Cardholder Benefits


    The SoFi Guide to Mastercard Benefits provides detailed information about a variety of benefits, including Cellular Wireless Telephone Protection.
     

    To access detailed information about benefits, visit the SoFi Guide to Mastercard Benefits Mastercard website.

    • SoFi Unlimited 2% Credit Card: World Elite Mastercard Benefits
    • SoFi Everyday Cash Rewards Credit Card: World Mastercard Benefits
    • SoFi Essential Credit Card: Standard Mastercard Benefits

    To file a claim or for more information on any of these services, call the Mastercard Assistance Center at 1-800-Mastercard (1-800-627-8372).
     

    Budget Tracking


    SoFi provides a feature called "Insights" for budget tracking. This tool is accessible through the SoFi App and offers more details at https://www.sofi.com/financial-insights/.

    While the SoFi Credit Card may be compatible with certain third-party budgeting applications, please be aware that full support for tracking the card's activity may not yet be available within those platforms.

     

    Need more help?

    If you have questions or need further assistance, please contact SoFi customer support at 844-945-7634.