Chip Lupo, Credit Card Writer
@CLoop
You cannot transfer SoFi Credit Card points to travel partners such as hotels and airlines. Instead of transferring your points to partner companies, you can redeem SoFi Credit Card rewards points is by spending them on SoFi loan payments or a deposit into your SoFi account , as this will get you up to 1 cent per point.
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People also ask
Which credit card is best for rewards points?
The best credit card for points is the Chase Sapphire Preferred® Card because it gives 1 - 5 points per $1 spent on purchases. You can also get an initial bonus of 75,000 points for spending $5,000 on purchases in the first 3 months. Chase Sapphire Preferred points are worth 1 cent each when redeemed for travel through the Chase Travel Portal.
By comparison, the average credit card point has a redemption value of around 1 cent. Just bear in mind that Chase Sapphire Preferred comes with an annual fee of $95.
Best Credit Cards for Rewards Points
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read full answer by John S Kiernan, Managing EditorDo credit card points have an expiration date?
Yes, most credit card points do have an expiration date. And it’s not possible to get them back once they have expired. However, with some issuers like Chase, Capital One and American Express, the reward points don’t expire as long as your account is active and in good standing, even if you haven’t used your card in a while. So, it is best to call your issuer at the number on the back of your card and check with...
read full answer by Syd Jones, WalletHub Credit Card AnalystHow can I redeem my credit card points?
You can usually redeem your credit card points online, through the issuer’s mobile app, or over the phone, depending on the card. Points credit cards offer several redemption options and the most common include cash back, travel purchases, and gift cards.
Once you redeem your credit card points, they’ll be subtracted from your rewards balance immediately. If you wish to redeem your points for a statement credit, it will generally be credited to your account within 2-3 business...
read full answer by Maria Adams, Credit Cards ModeratorDid we answer your question?
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