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SoFi Credit Card

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The SoFi Mastercard comes with very consumer-friendly terms, offers a generous rewards program, and provides tools to help you get out of debt. You’ll get complimentary Cell Phone Protection other Mastercard benefits.

Our rating
Min. credit level: Fair
Annual Fee: $0
Regular APR: 12.99%–24.99% Variable

SoFi Credit Card

Our rating
Fair Min. credit level
$0 Annual Fee
Apply Now

Highlights & Features


Spending Rewards
  • 2X points per dollar on all purchases

Balance Transfers

A balance transfer is a way to move debt from one card to another with the goal of saving money on interest.

Intro Balance Transfer APR N/A
Regular Balance Transfer APR 12.99%–24.99% Variable
Balance Transfer Fee 5%, $10 minimum
How to Transfer a Balance on a Credit Card


Penalty APR N/A
Late Fee Up to $39
Returned Payment Fee Up to $39
Additional Cards Annual Fee N/A
Foreign Transaction Fee None
Learn About Types of Credit Card Fees

Cash Advances

Borrowing cash on your card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.

Cash Advance APR 26.99% Variable
Cash Advance Fee 5%, $10 minimum
How to Get a Cash Advance with a Credit Card

Card Benefits

  • Zero Liability on Unauthorized Charges
  • No Foreign Transaction Fee
SoFi Credit Card


  • 2X SoFi Rewards Points per dollar spent on all purchases
  • $10 Lyft credit after taking five rides in a month
  • 1% APR reduction after 12 on-time payments
  • Unlimited free two-day shipping and free return shipping with ShopRunner
  • 5% cash back rewards on orders at Boxed
  • Mastercard ID Theft Protection
  • Cell Phone Protection
  • No foreign transaction fee
  • No annual fee

Bancorp Bank

Manage your Account & Pay your Bill

You can usually pay your bill online on your

Credit card issuer's website

Speak to Customer Service


The SoFi Credit Card is designed to help you get out of debt, encouraging you to save money and offering competitive spending rewards.

Points will be worth 1 cent each when you redeem for:

  • Cash applied to the outstanding balance of your SoFi loan account
  • Listed promotional offers on the Redeem Points page in the app
  • Cash deposited into your SoFi Money Account
  • Shares credited to your SoFi Invest Account
  • Cryptocurrency into your Sofi Invest Account

After making 12 on-time payments with your card, SoFi will lower your interest rate by 1%. You’ll also be able to save on purchases with Lyft, Boxed, and ShopRunner.

The SoFi card is available at the Mastercard World Elite level, so along with complimentary Cell Phone Protection, you may also get premium benefits such as Priceless Golf offers, a World Elite Concierge, discounts for Fandango and onefinestay, and quite a few more.

This card has no annual fee.

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