Sofi Credit Card Review


If you’re looking to improve your financial situation, a credit card can be a valuable tool. But with so many different cards available, it can be difficult to choose the best one for your needs. That’s why we’ve done the research for you and put together this thorough review of the Sofi Credit Card. In this review, we’ll cover all of the key features of the card, including fees and rewards, as well as pros and cons. We’ll also offer our expert opinion on whether or not this card is worth considering for your personal finances. Read on to learn more about what makes Sofi stand out from the rest.

What is the Sofi Credit Card?

Assuming you are referring to the SoFi Money Cash Management Account and not a physical credit card, the SoFi Money account is a cash management account that offers 2.25% APY on balances up to $10,000. There are no fees whatsoever – no monthly fee, no foreign transaction fee, and no minimum balance requirement. You also get free ATM withdrawals worldwide (including unlimited reimbursements for any ATM fees charged) and a free Mastercard debit card that can be used anywhere Mastercard is accepted. To open an account, you need to deposit at least $500. Once your account is open, you can link it to other accounts (including your checking account) and transfer money in and out of your SoFi Money account as needed. The SoFi Money Cash Management Account is FDIC-insured up to $250,000.

How Does the Sofi Credit Card Work?

The Sofi credit card is a rewards credit card that offers cash back on all purchases. There is no annual fee and the card has a 0% intro APR for 12 months. After that, the APR is 14.99% – 24.99% variable. Cardholders also earn 2x points on travel and dining and 1x points on all other purchases. Points can be redeemed for cash back, gift cards, or travel expenses.

What are the Benefits of the Sofi Credit Card?

The Sofi Credit Card offers a number of great benefits for cardholders. Some of the key benefits include:

– No annual fee
– 0% APR on balance transfers for the first 18 months
– Earn 1% cash back on all purchases
– No foreign transaction fees
– Access to a suite of financial tools and resources from Sofi
– No penalty APR
– Access to free FICO credit score monitoring
– 24/7 customer service and support

What are the Drawbacks of the Sofi Credit Card?

If you’re considering the Sofi Credit Card, it’s important to be aware of its potential drawbacks. First, the Sofi Credit Card has a relatively high APR. This means that if you carry a balance on your card, you’ll likely end up paying more in interest than you would with a card that has a lower APR. Second, the Sofi Credit Card doesn’t offer any rewards or perks. This means that if you’re looking for a card that will give you cash back or points towards travel, the Sofi Credit Card isn’t the right choice. Finally, the Sofi Credit Card has an annual fee of $95. This fee isn’t overly high compared to other cards on the market, but it is something to keep in mind if you’re working to keep your costs down.

Who is the Sofi Credit Card for?

The Sofi Credit Card is for anyone who wants to improve their financial health and build their credit. It’s a great choice for people who are new to credit or are trying to rebuild their credit. The card offers a low APR and no annual fee, so it’s a great option for people who want to save money on interest and fees. The Sofi Credit Card also comes with some great perks, like cash back rewards and a 0% intro APR on purchases and balance transfers.

How to Apply for the Sofi Credit Card

Assuming you already have a SoFi account, here’s how to apply for the SoFi Credit Card:

1. If you’re logged into your SoFi account, click on the ‘Products’ tab and then select ‘Credit Cards.’
2. Click ‘Apply Now.’
3. Enter your personal information including name, address, date of birth, Social Security number, annual income, and housing status. Then click ‘Continue.’
4. Select whether you’d like to transfer a balance from another card and enter the amount you’d like to transfer. Then click ‘Continue.’
5. Review the terms and conditions and click ‘Submit Application.’


In summary, the SoFi Credit Card is a great option for those who are looking to boost their credit scores and get access to perks such as cash back rewards. It offers an impressive combination of features that make it suitable for a variety of spending habits, including low interest rates, no annual fees and generous rewards points. If you’re ready to take control of your finances and start building up your credit score, this could be the right card for you.