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The SoFi Credit Card Review

SoFi Credit Card

On SoFi's secure site

SoFi Credit Card MasterCard®

Our Rating:
Our Rating

Highlights of the SoFi Credit Card Review:

- Get 2% unlimited cash back towards crypto, stocks, or whatever investment you choose.

- $0 Annual Fee + up to $300 Sign On Bonus make it an attractive offer and low risk to you

-SoFi's app to manage your crypto is so simple, you'll wish you had it when your RobinHood account was freezing during the Doge frenzy.
-30+ cryptocurrency rewards including Ethereum, Cardano, BTC, and Avalanche.

SoFi will show you if you're pre-approved within minutes without impacting your credit score. Get started by clicking "Get Started".

SoFi Mastercard

The credit card for investors.
$ 0 Annual Fee
  • 2% cash or crypto back*
  • Designed to help you save, invest, and pay down debt
  • Earn up to $100 after approval and setting up your Sofi accounts.*


Editorial Disclosure

SoFi Credit Card Mastercard®️ Crypto Redemption Review

Who is the SoFi Credit Card Mastercard®️ for?

The SoFi Credit Card with Crypto Redemption (optional) is great for those looking for a card that can help them passively grow their investment portfolio. You can use the 2% rewards to buy stocks, crypto, or pay down a SoFi loan. The interface of their app is super intuitive. It's way ahead of the big banks when it comes to intuitive use.

Other card issuers make it confusing to know when to pay to avoid fees. SoFi does the opposite. They have no annual fee, no international fee, no late payment fee, are some of the many traditional fees that don’t apply to the SoFi Credit Card Mastercard®️.

No Annual Fee

The SoFi Credit Card has no annual fee so you don't have to worry about paying to use all of the features. No annual fee cards are great because you can keep them open at a low cost and use them to help increase the age of your line of credits. The age of your line of credit can help increase your credit score.

Cash Back Rewards

The rewards are great for investors and HODLers. You'll earn 2% on every purchase as long as you're using it to redeem those points for crypto, stocks, statement credits, or rewards offered through the SoFi Member Rewards Program. You'll be able to see the temporary offers in the SoFi app. Just keep in mind you'll need to redeem those points in the SoFi investment app if you want t earn the full 2% back. Redeem rewards as crypto, stocks, or pay down a SoFi loan.

All purchases are eligible for earning rewards except:

You are automatically enrolled in this card's cash back program which allows you to earn cash back on eligible purchases and qualifying transactions on offers.

You need both a SoFi Invest and SoFi Crypto account to redeem points into digital currency. SoFi requires a minimum of 500 points to start redeeming. Bitcoin, Ethereum, Cardano and 15 other coins are available at this time with more on the way. Digital currency is unavailable in Hawaii, Nevada, and West Virginia. If you live in one of these states you'll still be able to use your 2% rewards on other investments in the SoFi app.

Crypto Rewards on SoFi


The following cryptocurrencies are available to redeem as rewards on SoFi’s card:

Algorand (ALGO)
Aave (AAVE)
Avalanche (AVAX)
Bancor (BNT)
Basic Attention Token (BAT)
Bitcoin (BTC)
Bitcoin Cash (BCH)
Chainlink (LINK)
Cardano (ADA)
Compound (COMP)
Cosmos (ATOM)
Dash (DASH)
Decentraland (MANA)
Dogecoin (DOGE)
Enjin Coin (ENJ)
Ethereum (ETH)
Ethereum Classic (ETC)
Filecoin (FIL)
Litecoin (LTC)
Maker (MKR)
Polkadot (DOT)
Polygon (MATIC)
Solana (SOL)
Stellar (XLM)
SushiSwap (SUSHI)
Synthetix (SNX)
Tezos (XTZ)
The Graph (GRT)
Uniswap (UNI) (YFI)

Binance Token


The SoFi Credit Card helps you get close to your money goals and turns reward points into investments with massive upside. I cringe thinking about all the points I earned on other cards that I wasted when I could've invested them through SoFi. Applying your cash back to savings, investing, or paying off debt is a smarter system in our opinion. Your credit management and payment history are reported to the three major bureaus, TransUnion, Experian, and Equifax on a monthly basis. This is a key feature to help you build your credit and earn rewards as you use spend and pay it off responsibly.

Lastly, you're stepping into the sleek and simple investing ecosystem by getting the SoFi credit card. The card has an intuitive app that allows you to be on top of payments where you use your SoFi credit card. The SoFi app allows you to see how much interest you will owe on your outstanding balance, allows you to set and maintain a budget, and the ability to track your credit score. These additional benefits are not included in most traditional credit cards as they are limited in how much insights you can gain from your credit card.


SoFi can block your transactions and ask you to pay the amount over your credit limit if you go over that. If you are someone who has a tendency to spend more than they have, then it is not a good idea to get a credit card in general.



The SoFi Crypto Credit Card is a solid credit card and the best crypto rewards card that we have seen that is available right now (most options are just a waiting list). It has no annual fee and earns 2% cash back on all of your purchases.

You can apply for this card online here.

Complete Card Details

Rewards Rate

Earn 2% unlimited cash back on purchases when redeemed towards investing, crypto, saving, or paying down an eligible loan with SoFi.

Welcome Bonus

Earn up to $100 when you open and fund a SoFi Money and a SoFi Invest account after getting approved for the SoFi Credit Card. See Terms.

Typical Credit Score

Fair, Good, Excellent

Intro Annual Fee


Annual Fee


Additional User Annual Fee


Foreign Transaction Fee


Intro Purchase APR


Regular Purchase APR

13.74 - 25.74% (Variable)

Cash Advance Fee

5%, Min: $10

Cash Advance APR

29.24%%* Variable

Late Fee

Up to $39

Intro Balance Transfer APR


Regular Balance Transfer APR

15.24% - 27.24%

Penalty APR


Balance Transfer Fee

5%, Min: $10

Return Payment Fee

Up to $39

Minimum Deposit


Credit Card Network


Credit Card Issuer

The Bank of Missouri

Does SoFi have a Credit Card?

 Yes, SoFi does have a credit card and it has some unique features that investors will love. It is part of the Mastercard credit card network and can be used anywhere Mastercard is accepted. Here are some of the key features:

  • 2% back on credit card spending (As long as it’s deposited in your SoFi account)
  • Fraud protection against unauthorized pruchases
  • The ability to earn 16+ different kinds of cryptocurrency on every purchase
  • $0 Annual Fee

The best way to apply for a SoFi credit card is to visit their website. You can get started here.

SoFi’s credit card is unique because it is tied into their Active Invest ecosystem. SoFi Active Invest has an app that is very intuitive and easy to use to invest – think of it as a SoFi savings account. If you get a SoFi Credit Card, you can have your rewards go straight to the Active Invest account in the form of cash back, crypto, or stocks. So for example, if you wanted to accumulate more Dogecoin, you could choose to have your 2% cashback rewarded to you in the form of Doge – straight into your SoFi account. SoFi is one of the first cards to offer multiple types of crypto as rewards so they are a great option for altcoin lovers.

Cards like SoFi


Can I transfer my crypto from SoFi to another wallet?

Not at this time, SoFi is great for using to invest in large cap coins like Bitcoin, Ethereum, Cardano and other cryptocurrencies, but wouldn't be the best fit if you are looking to transfer your coins into a digital wallet or cold storage. The trade-off here is that you aren't paying gas fees or an exchange fee to use SoFi's crypto marketplace when using your rewards. You essentially own your crypto in the SoFi app along with the SoFi savings account.

What is the Intro Annual Fee for SoFi Rewards Credit Card?

There is no Intro Annual Fee for the SoFi Rewards Credit Card. Make sure your credit scores is in the good to excellent range to qualify for this card.

What is the Annual Fee for the SoFi Rewards Credit Card?

There is no Annual Fee for the SoFi Rewards Credit Card.

What is the Intro Balance Transfer APR for SoFi Rewards?

The SoFi Rewards Credit Card does not support Balance Transfers.

What is the Regular Balance Transfer APR for SoFi Rewards?

The SoFi Rewards Credit Card does not support Balance Transfers.

What is the Cash Advance APR for SoFi Rewards?

The SoFi Rewards Credit Card does not support Cash Advances.

What is the Cash Advance Fee for SoFi Rewards?

The SoFi Credit Card does not support Cash Advances.

What is the Late Fee for SoFi Rewards?

There is no Late Fee for the SoFi Rewards Credit Card.

What is the Penalty APR for SoFi Rewards?

There is no Penalty APR for the SoFi Rewards Credit Card

What is the Balance Transfer Fee for SoFi Rewards?

The SoFi Credit Card Mastercard® does not support Balance Transfers.

What is the Min. Balance Transfer Fee for SoFi Rewards Mastercard®?

The SoFi Credit Card Mastercard® does not support Balance Transfers.

What is the Foreign Transaction Fee for SoFi Mastercard®?

There are no Foreign Transaction Fees for this credit card. You'll enjoy zero foreign transaction fees during your travel.

What is the Return Payment Fee for SoFi Mastercard®?

There is no Return Payment Fee for this credit card.

No commitment to apply.

General Disclaimer

Crypto Cards is an independent credit card comparison service that provides analysis tools and editorial opinions. We believe in the future of decentralized finance that will provide better financial equality and transparency, we suggest using our free recommendation service which analyzes crypto wallet produce data-driven recommendations. Note that we receive compensation from some (but not all) financial or crypto products that we review which may impact where we display the products of our partners.

Editorial Disclaimer

All of the editorials offered on this site are independently contracted to avoid incentive bias. Accordingly, you can trust that the editorial opinions on this site are explicitly our own — or the community’s consensus.

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