SoFi Plus vs. Regular SoFi Membership Comparison Guide
By Lauren Ward | Updated July 27, 2026
Choosing the right banking experience is no longer just about the types of accounts and interest rates you qualify for. Membership opportunities unlock an array of special perks and benefits that can boost your money and other aspects of your life.
SoFi offers two membership tiers with different structures to enjoy. Keep reading to find out the differences between SoFi Plus vs. regular membership.
Key Points
• A paid membership rewards program offers over 20 benefits totaling more than $1,000 in value annually with qualifying activities, including better rates, investment matching, and professional financial planning.1
• Members with the paid tier earn a competitive 4.50% APY on up to $20,000 in savings.2
• Paid-tier members also may get a 1% investment match3 and unlimited sessions with a financial planner4, which is a financial planning service offered by SoFi Wealth LLC.
• Travel and credit card perks are also included, with 5% cash back on travel bookings and a 10% boost on credit card cash back rewards for paid members.5
• Homeowners and borrowers benefit, plus rate discounts on personal loans, parent student loans, and student loan refinancing. Terms apply.
• A standard, free membership is also available, offering a smaller set of perks including a home loan closing credit, select product discounts, and referral fees
Subscribe to SoFi Plus today.
What Is SoFi Plus?
SoFi Plus is a paid membership rewards program that comes with over 20 benefits totaling more than $1,000 in value with qualifying activities each year. Members get access to premium banking services, including better rates, investment matching, and professional financial planning.
Instead of relying on credit card churning to maximize your credit card rewards, you can consistently take advantage of a variety of perks year after year.
The monthly fee is $10, and you can sign up online or through the mobile app under the Membership & Rewards section.6 From there, you can set up your payment using a credit card, debit card, or through your SoFi savings or checking account.
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Benefits of SoFi Plus
As a SoFi Plus member, you’re not limited to earning credit card points as you would with a rewards credit card. Instead, you get benefits across different types of banking services, including:
• Competitive savings rate: Earn 4.50% APY on your first $20,000 in savings, and 3.10% APY on all other savings balances.2
• Credit card perks: Get a 10% boost on SoFi credit card cash back rewards.7
• More for travel: Earn 5% in credit card rewards points redeemable for cash on SoFi Travel bookings.5
• Savings for homeowners: Save $500 on your mortgage origination fees or $200 on your home equity loan origination fees.8.9
• Rate discounts: Access lower rates when taking out Parent student loans, personal loans, or student loan refinancing. Terms apply.
• Crypto advantage: Earn 1% in cash back for crypto purchases.10 Terms apply.
• Deeper discounts: Save on purchases from brands like Hello Privacy, Trust & Will, TurboTax, and more.
• Have fun and save: Access SoFi Plus Experiences, plus other entertainment discounts.11
• Investment boost: Earn a 1% match on eligible deposits into a non-retirement SoFi Invest account.3 Terms apply.
• Financial guidance: Get unlimited individual sessions with a financial planner.4
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What Is Regular SoFi Membership?
Another option for SoFi customers is the standard membership. There are no monthly fees for this option, but you still get perks like a home loan closing credit, certain product discounts, and referral fees.
Benefits of Regular SoFi Membership
This tier is free, but there are some definite distinctions when looking at SoFi Plus vs. regular SoFi. Here’s what to expect when you sign up as a regular SoFi member:
• Financial planning: Enjoy one 30-minute session with a financial planner
• Referral fees: Earn cash when you refer friends who open up eligible SoFi accounts
• Mortgage savings: Get a closing credit between $300 and $500 when you get an eligible home loan through SoFi. Terms and conditions apply.
• Save on your future plans: Get 20% of your estate plan with Trust & Will
• Travel upgrades: Get premium offers on SoFi Travel bookings, including flights, hotels, and rental cars
• Stadium entry: Get expedited entry into SoFi Stadium in LA, plus access to the SoFi Member Lounge
SoFi Plus vs. Regular SoFi Membership
There are definitely major differences to consider when choosing between SoFi Plus and regular SoFi membership. SoFi Plus comes with substantial perks, but it costs $10 per month. That makes it easy to test out and make sure the benefits are worth it; otherwise, you can simply cancel your membership.
Enrolling in regular SoFi membership is a no-brainer since it’s free. If you already have a SoFi account or credit card, it makes sense to get those extra perks at no cost.
SoFi Plus Advantages
There are a lot of features to unpack with SoFi Plus, but there are the primary advantages:
• Benefits: SoFi Plus members get higher interest rates.
• Matches: Members get 1% matching for eligible deposits into non-retirement investment accounts and crypto purchases.
• Savings: Get discounts on products, mortgages, home equity loans, and other types of personal financing.
• Having fun: Earn more rewards when you book your travel through SoFi and get access to amazing events through SoFi Experiences.
When Is SoFi Plus Best?
SoFi Plus may be best when you’re confident you’ll earn more than the cost of the annual membership fee, which totals $120. Look at the total list of benefits and estimate which ones you’ll likely access over the course of the year. Then tally up the total value to see if it exceeds the membership fee.
It typically makes sense to enroll if you save and invest money, since the high savings APY and 1% investment match is advantageous.
Tips to Maximize SoFi Plus Benefits
Make the most out of a SoFi Plus membership by following these tips:
• Transfer your money to an eligible SoFi savings account to access the competitive APY
• Use SoFi Invest to earn the 1% investment match
• Prioritize using your SoFi credit card to earn extra cash back
• Schedule free financial planning sessions to run your financial ideas and goals by a professional
Once you’re set up with these four tips, you can sit back and watch your benefits work for you day in and day out.
SoFi Plus Member Calculator
Get a sense of just how much you can get out of a SoFi Plus membership with our SoFi Plus Membership Rewards Calculator. It helps you customize the membership value based on your expected use of savings, investments, credit card spending, and financial planning needs.
The Takeaway
If you’re ready for a premium banking experience, consider becoming a SoFi Plus member. One low monthly fee gives you access to incredible perks across different types of products and services, making it easy to save no matter what your financial priorities may be.
SoFi Plus is America’s most rewarding financial membership—all in one app.* Unlock extra savings, rewards, discounts, and more.
FAQ
What is a SoFi Plus membership?
A SoFi Plus membership is a premium banking experience that gives members ongoing perks throughout the year. A $10 monthly fee gets you over $1,000 in benefits annually with qualifying activities.
Is SoFi Plus membership free or not?
A SoFi Plus membership costs $10 per month.
What is the difference between a SoFi Plus and regular SoFi?
A SoFi Plus membership is a paid option that comes with significantly greater value in benefits throughout the year. A regular SoFi membership is free and comes with a few perks to enjoy.
Is there a SoFi Plus membership calculator online?
Yes, the SoFi Plus calculator helps you estimate how much you would get out of the benefits if you were to become a member.
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?
For most people, SoFi Plus is worth it, especially by taking advantage of the savings rate and investing and crypto matches.
What are common benefits of a SoFi Plus subscription?
Common benefits of a SoFi Plus subscription include a higher savings APY, a 1% match on eligible investments and crypto purchases, and bonus cash back for your SoFi credit card.
