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The Sofi card is a new card from Sofi bank. I don't see any major value to the card except for the fact that it's another 2% cashback credit card. The benefits are mostly the standard MasterCard benefits. One thing unique about the card is that it's the only card earning 2% cashback with no annual fee and also no foreign transaction fees. So this is the perfect card for someone studying aboard and looking for a good 2% cash back - no annual fee card.
- Bank: The Sofi card is issued by The Bancorp Bank
- Credit bureau: Bancorp Bank will usually pull your Experian credit report
Approval Monitor (submitted by HelpMeBuildCredit users)
Credit limit range $10,000-$10,000
Avg. Credit limit$10,000
Disclosure: These results are based on information submitted by HelpMeBuildCredit users. Credit card approval results are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. Neither HelpMeBuildCredit nor the bank advertiser's take any responsibility on the accuracy of the information.
– 2% cashback on all purchases (when deposited into your Sofi account, invested, or used to pay back a Sofi loan).
No foreign transaction fee.
Get $5 towards Lyft rides after completing your first 3 rides within each month.
- $5 off 2 DoorDash orders per month for DashPass members
Get reimbursed for up to $800 per claim (with a $50 deductible) if your cell phone breaks or gets stolen. To activate coverage, you need to pay your monthly cell phone bill with your SoFi credit card. Max $1,000 or 2 claims per year.