sofi credit card

Pay Down Debt with the New SoFi Credit Card

We’re thrilled to announce the limited release of our first-ever credit card, which incentivizes healthy financial habits and delivers on our mission to help people get their money right. Carrying no annual fee†, the card, for which Mastercard® is the exclusive card network, provides up to 2% unlimited cashback when redeemed into SoFi Checking and Savings® or SoFi Invest® accounts, or used to pay down SoFi Student Loans or SoFi Personal Loans. The card is launching today to an initial batch of SoFi members, while interested individuals can join the waitlist.

With total consumer debt reaching a record $14.3 trillion this year, the SoFi Credit Card offers a revolutionary card experience that allows people to pay down debt with rewards that are earned for spending1. You will also be able to set up automated redemptions into your account of choice, creating a frictionless way to pay down debt, or invest and save for the future. From the streamlined application process—it takes only six taps to open—to the groundbreaking debt-payment rewards structure, we listened closely to your feedback to design a card that best meets your needs.

The card also rewards responsible usage and payback patterns with a sustained 1% APR reduction after 12 consecutive on-time credit card payments, as long as on-time payments continue.

SoFi Credit Card holders will enjoy access to World Elite Mastercard® Benefits , including exclusive discounts with select merchants such as Instacart, Lyft, ShopRunner, and Fandango, as well as access to the World Elite Concierge. The SoFi Credit Card will include advanced security features including Mastercard ID Theft Protection™ and Price Protection, and cardholders will also have access to Priceless® Experiences , offering activities both digitally and in the cities where they are.

Applications for the SoFi Credit Card will open to SoFi members in phases, beginning today, and will be available to the general public in early 2021, with additional features to roll out in the interim. For more information on the SoFi Credit Card or to check your eligibility, please visit

Apply for Credit Card

See Pricing Terms & Conditions

The SoFi Credit Card is 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.

1. You can earn rewards points of 1% of all eligible purchases. If you elect to redeem points as cash deposited into your SoFi Checking and Savings® account, for shares in your SoFi Invest® account, or as payments to a SoFi Student or Personal Loan, then SoFi will match the value with an additional 1% in cash, so you will receive a total of 2% cash back. For more details, please see Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA/SIPC.

SoFi Lending Corp. or an affiliate CFL# 6054612, NMLS #1121636 ( Advisory services are offered through SoFi Wealth, LLC an SEC-registered Investment adviser. Brokerage products and SoFi Checking and Savings® are offered through SoFi Securities LLC, member FINRA/SIPC. Neither SoFi nor its affiliates is a bank. ©2020 Social Finance, LLC


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ABOUT SoFi SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing, and protecting give our more than one million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. For more information, visit Want an easy and convenient way to manage your financial life? Get the SoFi app. For iOS and Android.

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