Info about SoFi Credit Card has been collected by WalletHub to help consumers better compare cards. The financial institution did not provide the details.
Rewards%APR45Reviews58Q&A
RewardsAPRWalletHub ReviewQ&ACustomer Reviews
Accepted Credit Scores
Accepted Credit Scores
Excellent Credit, Good Credit
Annual Fee
$0
Rewards
Earn 3 points on all eligible purchases for a year when you set up direct deposit with SoFi, which can be redeemed for 3% cash back towards investing, saving, or paying down an eligible loan with SoFi or 1.5% cash back as statement credit. After that, earn 2 points on all eligible purchases, which can be redeemed for 2% cash back towards investing, saving, or paying down an eligible loan with SoFi or 1% cash back as statement credit.*
Earn up to $250 when you fund an Invest account as well as a Checking and Savings account after getting approved for the SoFi Credit Card. Terms apply.
The SoFi Credit Card is a good credit card for SoFi customers who have a good or excellent credit score and want to put their rewards toward SoFi payments or deposits. The SoFi Card has a $0 annual fee and gives 2 points per $1 spent on all purchases normally,... show more
Can't find what you are looking for? Submit your question about SoFi Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
The SoFi Credit Card credit limit is $1,000 or more. Everyone who gets approved for SoFi Credit Card is guaranteed a credit limit of at least $1,000, and particularly creditworthy applicants could get limits a lot higher than that. The higher an applicant's credit score and income are, the higher the starting credit limit is likely to be.
The SoFi Credit Card credit limit that you start with isn't necessarily your credit line forever. You can ask to get a credit limit increase by calling the SoFi customer service number on the back of your card, but it's best not to ask more than once a year.
You can log in to your SoFi Credit Card account by going to the login page on the SoFi website or mobile app and entering your username and password in the appropriate fields. Then, click the “Log In” to access your online account.
You cannot get pre-approved for the SoFi Credit Card. However, applying for this card will not impact your credit score. When you apply, SoFi conducts a harmless, soft pull that will not affect your credit score.
If you get approved, then Sofi will do a hard pull,...
The SoFi Credit Card does not currently have a sign-up bonus, though it does give ongoing rewards of 2 points / $1 on all purchases. The SoFi Credit Card rewards cardholder with 3 points on all eligible purchases for a year when you set up direct deposit with SoFi, after...
The only way you can apply for the SoFi Credit Card is online. You cannot apply for this card over the phone. Keep in mind that the SoFi Credit Card requires at least good credit for approval. You can check your credit score for free on WalletHub to see...
You can make a SoFi Credit Card payment online, by phone, through the SoFi mobile app or by mail. To pay a SoFi Credit Card bill online, log in to your online account and click on “Pay.” Then, choose how much to pay, when to pay it, and where the...
Yes, the SoFi Credit Card is a credit card. The SoFi Credit Card is issued by the Bank of Missouri, works wherever Mastercard is accepted, reports to the credit bureaus, and allows you to pay off purchases over time. There are quite a few important things to know about the...
Yes, the SoFi Credit Card does offer cell phone insurance. The SoFi Credit Card gives cardholders up to $800 per claim to repair or replace a damaged or stolen phone, if they charge their phone bill to the card every month.
The maximum coverage amount is $1,000 per year,...
Share your insights and review the SoFi Credit Card
5
40%
4
29%
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16%
2
4%
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11%
3.8
45 reviews
45 reviews
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Melissa @matresem
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4 Star Rating
Verified Customer
No FTF, but lacks the card CLI, even Chase is starting to offer SP CLI and this card isn't offering SP or Hard Pull CLI. Rewards don't wait for a statement, but you do wait a while (you also need to deposit points in a SoFi account- a statement credit (not a fan of statement credits anyway) does not count (likely because the card is issued by The Bank of Missouri- SoFi only recently became an actual bank)- or they cut rewards in half. It's not a big deal, but an annoyance- always afraid of clicking wrong). They do offer auto-redeem now. If you login daily, you can get bonus points, but you don't need the CC for that. I also never got my referral bonus when I signed up. The fraud alert also triggers a lot on Amazon- to the point I've called them and they've given up. It is a decent card, but it shouldn't be your ONLY card. I'm hoping SoFi will start issuing cards and not subcontract this to TBoM. I think it will lead to a better experience if they do. That said, I'm overall pretty happy with the card. I can't comment on th APR (because I'm not sure what it is, I always PIF)
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ajerakat @ajerakat
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1 Star Rating
I was initially excited to get approved for a SoFi card for a CL of $7,500. Several months after having card and spending less than 48% credit utilization I received an email explaining my credit limit was lowered to $2,400 causing my account to fall past due -$1,900!!!. I spoke with SoFi rep and they couldn't due anything regarding my limit? But I was assured that if I could continue making minimum payments and that it would not be reported to credit. I was reported to credit 30 days past due. Can you imagine a card company approving your application, seeing a limit, and then lowering your limit to fall past due. Every rep I spoke agreed with me and yet nothing was ever done.
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Ken P @darkstar
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5 Star Rating
Had Sofi Credit Card for about 3 months now, signed up for one after having a loan with them for 8 months. So far no issues with the card, hoping for a credit limit increase soon as I really enjoy the card.
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Sylvester @eanthonysylvester
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5 Star Rating
I love that this card allows me to redeem my reward’s points as cash, and let’s me apply them to my other accounts such as investments.
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Cucu Constantin @Cucucdoina
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1 Star Rating
Very good card for the rewards but in the same time very poor costumer service i closed my card cuse off the lack of service knowledge hopefully some one will change this aspect off the company
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Douglas @gwbicster
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5 Star Rating
I like this card mostly for the cash back it gave me upon applying I got it through Swagbucks so I got a $109 bonus there and will get a $300 bonus when I spend $1500.
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AL @al_4
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5 Star Rating
The SoFi World Mastercard is an AMAZING REWARDS credit card, that is designed to pay down debt, with no anual nor international fees.
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Dustin Falgout @lots0logs
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5 Star Rating
I've been using SoFi as my primary bank and investing app for a couple years. Decided to get their credit card for my everyday spending. Unlimited 2% cash back is great with no categories to worry about. Also their app is like a one stop shop for your financial needs. I highly recommend SoFi.
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Ben S @ben1b
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5 Star Rating
The only way you can get Master Card World Elite benefits without a (minimum) $95 annual fee. You're getting World Elite status for free! Apply for a commensurate level MC elsewhere and you'll be paying up to $450 with CITI and others. The card is fantastic for the fact, the rewards go directly into your investment account.
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Louis V @Bitholov
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4 Star Rating
My sister was approved for this card with only fair FICO score: 692. There will be a hard pull only if you get the card. No card = soft pull. The card is issued by The Bank of Missouri, and it offers cell phone protection: up to $800 for each claim (max 2 claims per year), max $1,000/year.
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