SoFi Launches Two New Credit Cards: SoFi Everyday Cash Rewards and SoFi Essential

October 09, 2024 at 08:20 AM EDT

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest, and protect their money, is expanding its credit card portfolio with the launch of the SoFi Everyday Cash Rewards Credit Card and the SoFi Essential Credit Card ⁽¹⁾. These new offerings, developed with extensive feedback from SoFi members and others, build on the company’s commitment to helping people achieve their ambitions and serving their diverse credit needs.

The SoFi Everyday Cash Rewards Credit Card is designed for those who prioritize earning rewards on their daily spending, whether it’s dining out, ordering in, or shopping for groceries. Key features include: ⁽²⁾

3% unlimited cash back on dining out at restaurants and dining in, including food delivery services like DoorDash, UberEats and Grubhub.
2% unlimited cash back on grocery store and convenience store purchases, both in-store and online.
1% unlimited cash back on all other eligible purchases.

The SoFi Essential Credit Card offers a reliable credit line for those focused on building or improving their credit scores – part of SoFi’s commitment to helping people get their money right. This card is designed with no surprise fees and no annual ⁽³⁾, over-limit, or foreign transaction fees.

“We want to be there for the biggest moments in our members’ lives and everything in between,” said Anthony Noto, CEO of SoFi. “Expanding SoFi’s credit card offering enables us to better serve more people’s spending and borrowing needs, whether it’s helping them earn rewards for everyday purchases or building their credit. We’re excited to continue building out our credit card products and deepening our relationships with our members.”

For more details on the SoFi credit cards, please visit: https://www.sofi.com/blog/sofi-everyday-cash-rewards-sofi-essential/

About SoFi

SoFi (NASDAQ: SOFI) is a member-centric, one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. The company’s full suite of financial products and services helps its nearly 8.8 million SoFi members borrow, save, spend, invest, and protect their money better by giving them fast access to the tools they need to get their money right, all in one app. SoFi also equips members with the resources they need to get ahead – like credentialed financial planners, exclusive experiences and events, and a thriving community – on their path to financial independence.

SoFi innovates across three business segments: Lending, Financial Services – which includes SoFi Checking and Savings, SoFi Invest, SoFi Credit Card, SoFi Protect, and SoFi Financial Insights – and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack servicing 150 million users across the world. SoFi Bank, N.A., an affiliate of SoFi, is a nationally chartered bank, regulated by the OCC and FDIC and SoFi is a bank holding company regulated by the Federal Reserve. The company is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit SoFi.com or download our iOS and Android apps.

^Disclosures^:

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 circle's design is a trademark of Mastercard International Incorporated.
Members can earn cash back rewards points for every dollar spent on purchases, including 3% cash back rewards on eligible dining purchases, 2% cash back rewards on eligible grocery purchases, and 1% cash back rewards on all other eligible purchases. No rewards points will be earned with respect to reversed transactions, returned purchases, or other similar transactions. When you elect to redeem rewards points 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, SoFi Personal Loan, Private Student Loan, Student Loan Refinance, or toward SoFi Travel purchases, your rewards points will redeem at a rate of 1 cent per every point. For more details, please visit www.sofi.com/card/rewards?cardType=h. Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA/SIPC. SoFi Securities LLC is an affiliate of SoFi Bank, N.A.
See Pricing, Terms & Conditions at www.sofi.com/card/terms?cardType=a