SoFi is piloting two new invitation-only credit cards – the SoFi Everyday Cash Rewards Credit Card and the SoFi Essential Credit Card. These new cards reflect SoFi’s commitment to helping our members achieve their goals. By offering several cards, we can serve members with diverse credit backgrounds more options to select what tool works best for them.
The SoFi Everyday Cash Rewards Credit Card helps our members balance their everyday lifestyle while also working toward their financial future. Whether it’s dining out, dining in through food delivery apps, or buying groceries for meal prep, this card helps members maximize their rewards on their everyday spending. Earn 3% cash back rewards on dining (including takeout and delivery apps); 2% on grocery stores (including online delivery); and 1% on all other eligible purchases.
The SoFi Essential Credit Card gives our members credit they can rely on – it’s designed for members that are interested in improving their credit without the surprise fees and gotchas from other banks.
If you have received an invitation to apply for these two products, please follow the instructions you received via email. Otherwise, please be aware that these products are invitation-only and are not currently broadly available.
Everyday Cash Rewards Card FAQs
Will applying to the Everyday Cash Rewards Card impact my credit score?
The initial SoFi credit card application is a soft credit pull, which will bring no impact to your credit score if you get declined. However if you’re accepted – we will run a hard pull which may impact your credit score.
How do I apply for the Everyday Cash Rewards Card?
If you have received an invitation to apply for this product, please follow the instructions you received via email. If you have not received an invitation to apply for this product, please be aware that this product is in pilot-testing and is not currently broadly available.
How do I earn cash back rewards on the Everyday Cash Rewards Card?
You will earn unlimited 3% cash back rewards on a wide variety of dining out and dining in options:
Dining out includes a wide variety of categories like restaurants, cafes, bars, lounges, fast food chains, and bakeries. Dining in includes food delivery platforms like DoorDash and UberEats.
You will earn unlimited 2% cash back rewards on everyday grocery shopping at a wide variety of grocery stores, online grocery delivery, and convenience stores nationwide.
You will earn unlimited 1% cash back on all other eligible purchases. This is automatically applied to every purchase you make – whether you swipe, dip, tap, or pay online. See more details at
How can I redeem the cash back rewards on the Everyday Cash Rewards Card?
You can redeem rewards as statement credits or distribute them across other SoFi products including but not limited to SoFi Checking & Savings, Invest, Travel, and eligible SoFi loan payment products.
What are the requirements to get the Everyday Cash Rewards Card?
To be eligible for a SoFi credit card, you must be at least 18 years old (or the legal age required by your state of residence), have a physical U.S. mailing address, and possess a valid Social Security number. The SoFi Everyday Cash Rewards card is designed for those with good to excellent credit.
How do ID Theft Protection and Zero Fraud Liability work for the Everyday Cash Rewards Card?
At SoFi, the protection of our members is of the utmost importance. Click here to learn more about how we protect you against identity theft and fraud.
Can I share this Everyday Cash Rewards Card offer with friends or family?
No – the SoFi Everyday Cash Rewards Card is currently invite only. Offers are non-transferrable.
Can I make a one-time payment on the Everyday Cash Rewards Card?
You can set up auto-pay right away, but if you want to make a one-time payment, you can do so anytime in the SoFi app.
Essential Card FAQs
Will applying to the Essential Card impact my credit score?
The initial SoFi credit card application is a soft credit pull, which will bring no impact to your credit score if you get declined. However if you’re accepted – we will run a hard pull which may impact your credit score.
How do I apply for the Essential Card?
If you have received an invitation to apply for this product, please follow the instructions you received via email. If you have not received an invitation to apply for this product, please be aware that this product is in pilot-testing and is not currently broadly available.
How do ID Theft Protection and Zero Fraud Liability work?
At SoFi, the protection of our members is of the utmost importance. Click here to learn more about how we protect you against identity theft and fraud.
Can I share this Essential Card offer with friends or family?
No – the SoFi Essential Card is currently invite only. Offers are non-transferrable.
Can I make a one-time payment on the Essential Card?
You can set up auto-pay right away, but if you want to make a one-time payment, you can do so anytime in the SoFi app.
Disclosure: SoFi Credit Cards are issued by SoFi Bank, N.A. pursuant to license by Mastercard® International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
