The SoFi Unlimited 2% Credit Card¹ already focuses on rewarding our members simply. The card, which charges zero annual fee†, features a host of benefits to help you get your money right, including unlimited 2% cash back rewards² on all purchases redeemable as statement credit or towards saving, investing, or paying down eligible SoFi debt. Today, we’re launching a new feature that rewards our most loyal members even more–a 10% boost on cash back rewards earned for credit card members with direct deposit through SoFi Checking³. That’s unlimited 2.2% cash back rewards on all purchases, and even 3.3% on trips booked through SoFi Travel⁴. Unlike other promotional offers, the 10% boost does not expire and has no limits on how much you can earn from the benefit.
How does this work? It’s simple. Open a SoFi Unlimited 2% Credit Card and set up direct deposit through SoFi Checking & Savings. Once your first paycheck arrives through direct deposit, you will automatically start earning unlimited 2.2% cash back rewards on all your purchases. As long as you maintain your direct deposit through SoFi Checking & Savings and continue to use the SoFi Unlimited 2% Credit Card, you will also continue to earn the reward boost. This new benefit is not just for new cardholders. Existing credit card members with direct deposit into their SoFi Checking and Savings account will also begin automatically receiving the 10% boost.
Additional SoFi Unlimited 2% Credit Card benefits include:
–ID Theft Protection⁵ & Zero Fraud Liability give you peace of mind by putting Identity Theft resolution services at your fingertips and ensuring you are not responsible for unauthorized transactions
-No foreign transaction fees on purchases made abroad
-A 24/7 travel concierge service and monthly Lyft credits to make getting around easier and more affordable⁶
-Complimentary 2-day shipping via ShopRunner6
-Access to free credit score and financial monitoring to keep an eye on your money and see how your credit score is impacted by your spending⁷
Ready to boost your cash back rewards to unlimited 2.2%? Click here† to begin.
DISCLOSURES
¹SoFi 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.
†See Pricing, Terms & Conditions at SoFi.com/card/terms
²Members 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 into your SoFi Checking or Savings account, SoFi Money® account, SoFi Active Invest account, SoFi Credit Card account, or SoFi Personal, Private Student, or Student Loan Refinance, your rewards points will redeem at a rate of 1 cent per every point. For more details, please visit the Rewards page. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA/SIPC. SoFi Securities LLC is an affiliate of SoFi Bank, N.A..Rewards points, which in turn can be redeemed as cash rewards, are earned with every eligible purchase made with the SoFi Credit Card for a customer who is in good standing. No points will be earned with respect to reversed transactions, returned purchases, or other similar transactions. See Rewards Details<SoFi.com/card/rewards> for more information on eligible purchases.
³10% 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.
⁴Terms, and conditions apply: The SoFi Travel Portal is operated by Expedia. To learn more about Expedia, click https://www.expediagroup.com/home/default.aspx
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/
Terms applicable to Member Rewards: https://www.sofi.com/terms-of-use/#rewards
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.
©2024 SoFi Bank, N.A. All rights reserved. Member FDIC. Equal Housing Lender. NMLS #696891 (Member FDIC), (www.nmlsconsumeraccess.org).
⁵Mastercard 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 <https://www.mastercard.us/en-us/personal/find-a-card/world-elite-mastercard-credit.html> for details or call 1-800-MASTERCARD.
⁶Certain 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 <https://www.mastercard.us/en-us/personal/find-a-card/world-elite-mastercard-credit.html> for details or call 1-800-MASTERCARD.
⁷SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery, or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.
©2024 Social Finance, LLC. All rights reserved.