SoFi Credit Card vs. Fidelity Credit Card Benefits
By Lauren Ward | Updated October 16, 2026
Picking the right cash-back-reward credit card takes a little bit of work. Different cards come with different benefits, so you want to choose the one that makes the most sense for your financial habits. Both SoFi and Fidelity offer competitive options with the potential for unlimited cash back, but other features can also improve the experience.
Here’s everything you need to know about SoFi vs. Fidelity credit cards.
- Key Points
- • The SoFi Unlimited 2% Credit Card offers 2% cash back rewards on eligible purchases
- • Cardholders of the SoFi Unlimited 2% Credit Card receive benefits such as up to $1,000 in cell phone insurance coverage, ID theft protection, and zero fraud liability
- • With a $10 per month SoFi Plus membership, SoFi cardholders can boost their cash back rewards
- • The Fidelity 2% Cash Back Credit Card also offers 2% cash back on all purchases with no annual fee or foreign transaction fees, but rewards must be deposited into an eligible Fidelity account.
- • Fidelity cardholders receive zero fraud liability, auto rental coverage, and the chance to earn a bonus when applying for TSA PreCheck or Global Entry.
Subscribe to SoFi Plus today.
What Is the SoFi Unlimited 2% Credit Card?
The SoFi Unlimited 2% Credit Card provides users with cash back rewards worth 2% of each eligible purchase, without any restrictions on dates or categories. Cardholders may redeem these reward points for statement credits or apply them across various SoFi accounts, including checking, savings, investing, personal or student loans, and credit cards.
Recommended: Get a Free Credit Score Check
Benefits of SoFi Unlimited 2% Credit Card
This card has many benefits:
• Everyday spending: 2% cash back rewards on each eligible purchase
• Travel: 3% cash back rewards when using SoFi Travel for bookings
• Zero fraud liability protection: You should not need to worry about being responsible for unauthorized transactions
• ID theft protection: Professional help is available if your identity is stolen
• No foreign transaction fees: You may swipe with confidence when traveling abroad
• Cell phone coverage: Up to $1,000 in insurance protection is available
• Mastercard World Elite program: Additional travel benefits, such as 24/7 travel concierge
Recommended: Credit Score Monitoring
What Is the Fidelity 2% Cash Back Credit Card?
This is a Visa-branded card that offers 2% cash back rewards on all purchases and no annual fee. To make the most of the rewards, you’ll need to be a Fidelity account holder, since you redeem points through a selected Fidelity account.
The interesting thing is that you’re not limited to redeeming your points in a checking or savings account. You can also deposit them into a Fidelity IRA or 529 plan, or donate them through a Fidelity Charitable Giving account.
Benefits of Fidelity 2% Cash Back Credit Card
Instead of having multiple tiers of rewards in different spending categories, the Fidelity credit card offers unlimited 2% cash back rewards on all transactions.
The card also comes with other features, including:
• No foreign transaction fees: No penalties for using your credit card while traveling abroad.
• Zero fraud liability: Cardholders can get reimbursed if the account is used for unauthorized transactions
• Auto rental coverage: Cardholders can qualify for up to $75,000 in collision damage when renting a vehicle
• Bonus rewards opportunity: It’s possible to earn up to $100 in rewards points when applying for Global Entry or TSA PreCheck
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SoFi Unlimited 2% Credit Card vs. Fidelity 2% Cash Back Credit Card
What are the key differences between these SoFi vs. Fidelity credit cards? Here’s how they stack up against each other.
Feature |
SoFi Unlimited 2% Credit Card |
Fidelity 2% Cash Back Credit Card |
|---|---|---|
Purchase benefits |
✓ Zero fraud liability protection |
✓ Zero fraud liability protection |
Travel perks |
✓ No foreign transaction fees |
✓ No foreign transaction fees |
Terms and conditions |
✓ No annual fee |
✓ No annual fee |
To explore the annual fee of the SoFi Unlimited 2% Credit Card, see pricing, terms, and conditions.
SoFi Plus Advantages for SoFi Unlimited 2% Credit Card
You can earn even more rewards points with a SoFi Unlimited 2% credit card with membership rewards from SoFi Plus. There are over 20 benefits and premium banking services, including bonus cash back rewards.
SoFi Plus Benefits
What other benefits come with SoFi Plus membership? Here are some of the other perks:
• 4.50% Annual Percentage Yield (APY) on up to $20,000 in a SoFi Bank savings account
• Eligible deposits into non-retirement SoFi Invest Accounts
• Unlimited access to SoFi Wealth Financial Planners
• Access to SoFi Plus Experiences
You can visit the SoFi Plus page for details on specific membership and promotional offerings.
Tips to Maximize SoFi Plus Benefits
Membership costs just $10 per month, but you can use the SoFi Plus calculator to estimate your total value based on how much you plan to use your benefits. The advantages may come from transferring your savings into a SoFi account to get an APY and prioritizing your SoFi credit card for spending in order to get the bonus cash back rewards rate.
If you’re already investing in a brokerage account, switching to SoFi also lets you take advantage of the 1% match. Say you contribute $10,000 per year — you’d earn $1,000 annually, plus whatever growth occurs in the years ahead.
The Takeaway
In addition to finding a great cash back rewards card, consider each financial institution’s overall banking experience. SoFi Plus offers rewards in multiple areas of your finances, helping you grow your wealth whether you’re booking a vacation, investing in the stock market, or swiping your credit card at the register.
SoFi Plus is America’s most rewarding financial membership—all in one app.* Unlock extra savings, rewards, discounts, and more.
FAQ
Is the Fidelity 2% Cash Back Credit Card difficult to get?
Anyone in the U.S. can apply for a Fidelity credit card, as long as you’re at least 18 years old. Fidelity doesn’t list any other formal qualifications, but like most cash back credit cards, you’ll most likely need a strong credit score to get approved.
What credit score do I need for a Fidelity 2% Cash Back Credit Card?
While Fidelity doesn’t publish minimum eligibility criteria, most users report needing a strong credit score to qualify. You may consider getting prequalified first to see if you’re eligible without hurting your score.
What is the minimum credit for a Fidelity 2% Cash Back Credit Card?
Fidelity doesn’t advertise a minimum credit line, but your personal offer will likely depend on your credit score, income, and outstanding debts.
What is the Fidelity 2% Cash Back Credit Card?
The Fidelity credit card is a cash-back rewards card that lets you deposit rewards into any of your Fidelity accounts.
What is the cost of a SoFi Plus subscription?
The cost of a SoFi Plus subscription is $10 per month.
Is SoFi Plus worth it?
SoFi Plus can be worth it when you utilize the program benefits. That means taking advantage of the credit card rewards bonus, using a SoFi savings account, and investing in a qualifying non-retirement account to earn the 1% match.
How to sign up for SoFi Plus?
You can sign up to become a SoFi Plus member online through your SoFi account. If you don’t have one, you can open one and then connect a debit card, credit card, or SoFi account as your payment method.
