Credit Card
Earn up to 2% unlimited cash back.*
You'll feel 100% awesome.
It pays off to pay on time.
Make 12 on-time payments, and we'll lower your APR by 1%.†
Say goodbye to an annual fee.†
And say hello to a credit card that doesn't charge one.
Already have a SoFi account?
First, tell us about yourself
Let’s get your permanent address.
What’s your citizenship status?
What's your Social Security number?
Your social security number allows us to verify you identity.
We use bank-level TLS 1.2 encryption to keep your data safe.
What's your date of birth?
What's your annual income?
Tell us how much you make in a year, before taxes. Alimony, child support, or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repaying this obligation.
Make sure to include bonus, commission, or tip income. If you are under 21, you may only include income which is wholly your own. If you are 21 or over, you may also include somebody else's income that is regularly used to pay your expenses. You may also include shared income, which is money from somebody else that is deposited regularly into your individual account or into a joint account that person shares with you.
What's your employment status?
How much are you spending a month on housing?
This helps us get a sense of how your expenses stack up with your income.
SoFi Unlimited 2% Credit Card Terms & Conditions
SoFi Credit Card Terms of Offer Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases
The standard variable APR for purchases is 19.49% to 29.99%, based on your creditworthiness. Your APR will vary with the market based on the Prime Rate.
Annual Percentage Rate (APR) for Balance Transfers
19.49% to 29.99%, based on your creditworthiness. Your APR will vary with the market based on the Prime Rate. SoFi is currently accepting Balance Transfers from recipients of promotional offers only. We will inform you when this feature is widely available.
Annual Percentage Rate (APR) for Cash Advances
31.49%. This APR will vary with the market based on the Prime Rate.
How to Avoid Paying Interest on Purchases
Your due date is 25 days after the close of each billing cycle. We will not charge you interest on purchases made during the most recent billing cycle if you pay your entire balance (adjusted for any financing plan, if applicable) in full on or before the due date each month. We will begin charging interest on cash advances and balance transfers on the transaction date.
Minimum Interest Charge
If you are charged interest, the charge will be no less than $1.00.
For Credit Card Tips from the Consumer Financial Protection Bureau
To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at https://www.consumerfinance.gov/learnmore, opens in new window
Fees
Annual Fee
None
Transaction Fees
- Balance Transfer Fee
- Cash Advance Fee
- The greater of $10 or 5% of the Balance Transfer
- The greater of $10 or 5% of the Cash Advance
Penalty Fees
- Late Payment Fee
- Returned Payment Fee
- Up to $41
- None
How We Will Calculate Your Balance
We use the "daily balance" method, including new transactions, to calculate the daily balance on which we will charge interest.
Variable Rates
Your Daily Periodic Rate(s) and corresponding Annual Percentage Rate(s) will change if the Prime Rate changes. If the Daily Periodic Rate(s) and corresponding Annual Percentage Rate(s) increase, your interest charges will increase, and your minimum payment will be greater. Complete details regarding how the variable rate is determined are set forth in the Cardholder Agreement.
Payment Allocation
We decide how to apply your payment, up to the minimum payment, to the balances on your account. We may apply the minimum payment first to interest charges, then to the balances with the lowest APR and then to Balances with higher APRs.
If you pay more than the Minimum Payment, we’ll apply the amount over the Minimum Payment first to the Balance with the highest APR, then to the Balance with the next highest APR, and so on, except as otherwise required by applicable law.
SoFi Unlimited 2% Credit Card Terms & Conditions
The SoFi Unlimited 2% Credit Card is issued by SoFi Bank, N.A. ("SoFi", "we", "us", or "our"). By submitting this application, you request that we establish a card account (the "SoFi Credit Card Account") for you and any authorized users you have designated. You agree that all information provided in this application must be verifiable and accurate. The SoFi Credit Card Account will be governed by the terms of the cardholder agreement ("Cardholder Agreement") which will be delivered by or provided when the SoFi Credit Card Account is issued.
Your eligibility for a SoFi Credit Card Account or a subsequently offered product or service is subject to the final determination by SoFi Bank, N.A., as issuer. Please allow thirty (30) days from the date of submission to process your application.
You must be at least 18 years of age (or of legal age in your state of residence). The card offer referenced in this communication is only available to individuals who reside in the United States. This communication is not and should not be construed as, an offer to individuals outside of the United States.
Identity Verification
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW CARD ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a SoFi Credit Card Account. This means that we will ask for your name, address, date of birth, and other information that will allow us to identify you when you open a SoFi Credit Card Account. We may also ask to see your driver's license or other identifying documents; and obtain identification information about you or any authorized user you add to your SoFi Credit Card Account.
Credit Reports
Upon completion of your Credit Card application and submission, you authorize us to request a copy of your credit report from one or more consumer agencies. Upon receiving your completed application, we will conduct a soft credit pull, which will not impact your credit score. You hereby authorize us to conduct a soft credit pull upon receipt of your application. You understand that after evaluating your completed application and soft pull credit report, we may determine not to offer credit to you. If we approve your application, we will conduct a hard credit pull, which might impact your credit score. You hereby authorize us to conduct a hard credit pull following approval of your application.
You authorize us to request credit reports and other information about you from consumer reporting agencies and other sources, for such purposes as: (a) determining whether to issue you a SoFi Credit Card Account, (b) administering, reviewing and renewing the SoFi Card Account, (c) credit line increases or decreases, (d) collection and other servicing of the SoFi Credit Card Account, (e) offering other products, (f) services, and (g) for any other uses permitted by law. We may report negative information about your SoFi Credit Card Account payment history, like delinquencies, to consumer reporting agencies.
Cardholder Agreement
If you are approved for a SoFi Credit Card Account, you'll receive the Cardholder Agreement. By activating your SoFi Credit Card Account, using the SoFi Unlimited 2% Credit Card or making any payment to your Account, you are agreeing to be bound by the terms of the Cardholder Agreement. We have the right to make changes to the terms of your SoFi Credit Card Account (including rates and fees) in accordance with the Cardholder Agreement.
In New York, this Agreement begins on the first date that you sign a sales slip or memorandum evidencing the purchase of goods or services.
Credit Eligibility
To receive a SoFi Credit Card Account, you must meet certain applicable criteria bearing on creditworthiness. Your revolving credit limit may be determined based on the following:
- Your annual salary and wages
- Any other annual income
- A review of your debt, including the debt listed on your credit report.
- A review of your credit history and other factors deemed relevant by the issuer
We'll inform you of your revolving credit limit when you’re approved for your SoFi Credit Card Account. Some credit limits may be as low as $500.
About Adding An Authorized User
Before adding an authorized user to your SoFi Credit Card Account you should know that:
- You're responsible for all charges made to your SoFi Credit Card Account by the authorized user
- Authorized users have access to your SoFi Credit Card Account information
- Before adding an authorized user, you must first let them know that we may report SoFi Credit Card Account performance to the credit reporting agencies in the authorized user's name
- A review of your credit history and other factors deemed relevant by the issuer
If we ask for information about the authorized user, you must obtain their permission to share their information with us and for us to share it as allowed by applicable law.
Additional information
Any benefit, reward, service or feature offered in connection with your Card Account may change or be discontinued at any time for any reason, except as otherwise expressly indicated. SoFi Bank isn't responsible for products and services offered by other companies.
SoFi Unlimited 2% Credit Card Rewards Program
- With the SoFi Unlimited 2% Credit Card, you can earn rewards points for purchases made using your card, and you can redeem those points for statement credits, rewards offered through the SoFi Member Rewards Program, or other rewards offered from time to time. More details onSoFi Unlimited 2% Credit Card Rewards can be found here., opens in new window
SoFi Member Rewards Program
- As a SoFi member, you can earn points by using features across SoFi products that are designed to help you Get Your Money Right. 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 towards SoFi Travel purchases, your rewards points will redeem at a rate of 1 cent per every point. More details on the SoFi Member Rewards Program can be found here., opens in new window
Mastercard World Elite Benefits
- You are also eligible for more rewards through the Mastercard World Elite Benefits program when shopping with eligible merchants. More details on the Mastercard World Elite Benefits program can be found here., opens in new window
Fraud, Misuse, Abuse, or Suspicious Activity
If we see evidence of fraud, misuse, abuse, or suspicious activity, we'll investigate and, if we determine that fraud, misuse or abuse has occurred, we may take action against you. This action may include, without limitation, and without prior notice:
- Taking away the SoFi Points you earned because of fraud, misuse, or abuse
- Suspending or closing your SoFi Credit Card Account
- Taking legal action to recover our monetary losses, including litigation costs and damages
Some examples of fraud, misuse, abuse and suspicious activity include:
- Using your SoFi Credit Card Account in an abusive manner for the primary purpose of acquiring SoFi Points
- Using your SoFi Credit Card Account other than primarily for personal, consumer or household purposes
SoFi Bank reserves the right to take action, including but not limited to those actions enumerated above, based on your activity across any SoFi product, as well as external information received from SoFi third-party vendors, external bureaus, or industry referrals.
Special Notices
California Residents:
If married, you may apply for a separate account.
Delaware Residents:
Service charges not in excess of those permitted by law will be charged on the outstanding balances from month to month.
Ohio Residents:
The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio civil rights commission administers compliance with this law.
Wisconsin Residents:
If you are applying for individual credit or joint credit with someone other than your spouse, and your spouse also lives in Wisconsin, combine your financial information with your spouse’s financial information. No provision of any marital property agreement, unilateral statement under Section 766.59 of the Wisconsin statutes or court order under section 766.70 adversely affects the interest of the lender, unless the lender, prior to the time credit is granted, is furnished a copy of the agreement, statement of decree or has actual knowledge of the adverse provision when the obligation to the lender is incurred. If married, you understand that your lender must inform your spouse if a credit account is opened for you.
Additional documents
As a reminder, the SoFi Unlimited 2% Credit Card is a completely digital product. All written communications related to the card will be online or in electronic format. The following is a link to the SoFi Esign terms and conditions, opens in new window that you agreed to in connection with the SoFi Unlimited 2% Credit Card.
Accounts subject to additional credit approval. To qualify for approval, you must meet SoFi's pre-established underwriting requirements, including verification of sufficient income to support your ability to pay. We will not extend you credit if you do not meet our pre-established criteria. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS PROSPECTIVELY BASED ON MARKET CONDITIONS AND BORROWER ELIGIBILITY. If approved for a SoFi Credit Card, your credit access line will be at least $500. Your eligibility for a SoFi Credit Card Account or a subsequently offered product or service is subject to the final determination by SoFi Bank, N.A., as issuer, 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. Please allow up to 30 days from date of submission to process your application. The card offer referenced in this communication is only available to individuals who are at least 18 years of age (or of legal age in your state of residence), and who reside in the United States.
†See Pricing, Terms & Conditions, opens in new window
1 Members earn 2 rewards points for every dollar spent on 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 the Rewards, opens in new window page. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA, opens in new window/SIPC, opens in new window. SoFi Securities LLC is an affiliate of SoFi Bank, N.A.
2 Terms, and conditions apply: The SoFi Travel Portal is operated by Expedia. To learn more about Expedia, click https://www.expediagroup.com/home/default.aspx., opens in new window
When you use your SoFi Credit Card to make a purchase on the SoFi Travel Portal, you will earn a number of SoFi Member Rewards points equal to 3% of the total amount you spend on the SoFi Travel Portal. Members can save up to 10% or more on eligible bookings.
Eligibility:
You must be a SoFi registered user.
You must agree to SoFi's privacy consent agreement.
You must book the travel on SoFi's Travel Portal reached directly through a link on the SoFi website or mobile application. Travel booked directly on Expedia's website or app, or any other site operated or powered by Expedia is not eligible.
You must pay using your SoFi Credit Card.
* SoFi Member Rewards: All terms applicable to the use of SoFi Member Rewards apply. To learn more please see: https://www.SoFi.com/rewards/, opens in new window
Terms applicable to Member Rewards: https://www.SoFi.com/terms-of-use/#rewards, opens in new window
Additional Terms:
Changes to your bookings will affect the Rewards balance for the purchase.
Any canceled bookings or fraud will cause Rewards to be rescinded.
Rewards can be delayed by up to 7 business days after a transaction posts on Members' SoFi Credit Card ledger.
SoFi reserves the right to withhold Rewards points for suspected fraud, misuse, or suspicious activities.
© 2023 SoFi Bank, N.A. All rights reserved. Member FDIC. Equal Housing Lender. NMLS #696891 (Member FDIC), (www.nmlsconsumeraccess.org, opens in new window).
3 10% Boost on Cash Back Rewards Points for SoFi Credit Card Purchases: Members who meet the eligibility criteria shall earn a 10% boost on cash back rewards rates for all eligible purchases made with a SoFi Credit Card (the "Promotion"). A 10% boost means that a 10% multiplier shall be applied to existing cash back rewards rates (e.g. a purchase previously earning 100 rewards points would now earn 110 with the promotion). For purposes of calculating the 10% boost on cash back rewards points, each transaction shall be rounded to the nearest dollar, and fractional points shall be rounded to the nearest whole point. The 10% boost shall not apply to (i) transactions that are not eligible for cash back rewards points, including: fees or interest charges, balance transfers or cash advances, purchase of traveler's checks or other cash equivalents, purchase or reloading of prepaid cards, or other quasi-cash transactions; or (ii) courtesy rewards points that are manually awarded. SoFi shall, in its sole discretion, determine whether a transaction is eligible to earn the 10% boost under this Promotion.
To be eligible for this Promotion, you must receive a Direct Deposit into your SoFi Checking or Savings account during the Promotion Period. You must receive a Direct Deposit during each 30-Day Evaluation Period (as defined below) to continue to receive the 10% boost. Direct Deposit means a recurring deposit of regular income to an account holder's SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder's employer, payroll or benefits provider or government agency ("Direct Deposit") via the Automated Clearing House ("ACH") Network. Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g. IRS tax refunds), do not constitute Direct Deposit activity.
The 30-Day Evaluation Period refers to the "Start Date" and "End Date" set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the "30-Day Evaluation Period"). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit to your account, you will begin earning the 10% boost on cash back rewards. You will continue to earn the 10% boost for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity without interruption. SoFi Bank reserves the right to grant a grace period to account holders following a change in Direct Deposit activity before terminating your 10% boost benefit. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not receive a Direct Deposit during the current 30-day Evaluation Period and, if applicable, the grace period, then you will no longer earn the 10% boost until you have Direct Deposit activity in a subsequent 30-Day Evaluation Period. In certain cases, it may take up to 90 days for your Direct Deposit to be recognized, after which you will begin earning the 10% boost on cash back rewards. If you do not see your 10% boost on cash back rewards benefit after 90 days, please contact our help center.
Promotion Period: The Promotion will begin on 4/1/24 at 1:00 PM ET. SoFi reserves the right to terminate or make changes to this Promotion at any time.
Eligible Participants: All new and existing SoFi Credit Card members who receive a Direct Deposit into their SoFi Checking or Savings account during the Promotion Period are eligible for this Promotion. You must receive a Direct Deposit during each 30-Day Evaluation Period to continue to receive the 10% boost. A member shall not earn the 10% boost under this Promotion if they are currently earning 3% cash back rewards points under the 3% Cash Back Rewards Promotion. If you currently benefit from the 3% Cash Back Rewards Promotion, then you will continue to earn 3% cash back rewards points until you are either no longer eligible or until the expiration of such benefit, as provided in the 3% Cash Back Rewards Promotion terms. Upon the expiration of your 3% cash back rewards points benefit, you will be eligible to earn the 10% boost under this Promotion, provided that you meet the eligibility criteria stated herein. Offer limited to one per SoFi Checking and Savings account. A SoFi Credit Card account will only benefit from the 10% boost under this Promotion if the primary SoFi Credit Card account holder receives a Direct Deposit into their SoFi Checking or Savings account (or, in the case of a joint Checking and Savings account, a joint account holder receives a Direct Deposit). SoFi reserves the right to exclude any member from participating in this Promotion for any reason, including suspected fraud, misuse, or if suspicious activities are observed.
4 Certain World Elite Mastercard® Benefits have additional terms and conditions which can be accessed through the World Elite Mastercard® Benefits portal. Please see your guide to benefits, opens in new window for details or call 1-800-MASTERCARD.
5 Mastercard ID Theft Protection™This World Elite Mastercard® Benefit comes at no additional cost. Cardholders need to register for this service. To activate your alerts benefit, visit mastercardus.idprotectiononline.com and enter your card number to start the registration process. Certain terms, conditions, and exclusions apply. This service is provided by Generali Global Assistance, Inc. Please see your guide to benefits, opens in new window for details or call 1-800-MASTERCARD.
6 Cell Phone Protection: The use of your SoFi Credit Card comes with $1,000 in yearly cell phone protection coverage ($800 max per claim, 2 claims per year) should your cell phone get stolen or need certain repairs. Please see your guide to benefits, opens in new window for details or call 1-800-MASTERCARD.
** Factors considered in determining whether a customer has excellent credit include, but are not limited to, whether a customer has defaulted on a loan in the past 7 years, has had more than 5 years of on-time payments on their loans and credit cards, and has not been more than 30 days late on any payment in the last year. These factors are intended as guidelines and not as firm criteria for approval as you may meet these criteria and still be declined. Additional factors from your application and credit history will also be considered.
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