Update 9/19/23: $200 bonus still available on Credit Karma
Update 5/2/22: The $200 signup bonus is now public (requires $1,500 spend, as before). There’s also a separate offer from Swagbucks to get $100 with approval of the SoFi credit card, no purchase necessary at all, so that’ll be appealing to some. Slightly better on MyPoints.
Update 2/28/22: $200 sign up bonus is now available on Credit Karma.
Update 2/19/22: Deal is back through 2/28/22. You might be able to get $200 on Credit Karma, but that requires $1,500 in spend. Hat tip to FM (Original post below is from 4/22/21)
The Offer
- Apply and get approved for the SoFi Credit Card and get $100 in reward points after you make your first purchase by 5/21/21.
Offer ends 4/30/21.
Card Details
- No annual fee
- 2% cash back on all purchases
- Full mastercard world elite benefits (including up to $1,000 cell phone insurance)
- No foreign transaction fee
- No sign up bonus
Read our full review in this post.
Our Verdict
It’s a pretty good 2% card given the lack of annual fee and foreign transaction fees and some other benefits. $100 isn’t much but certainly better than nothing, especially if the card already interests you. There were a few other targeted/referrer offers in the past, but no simple signup bonus like this new $100 offer. Again, this is slated to end soon, on April 30, 2021.
This $100 signup offer is for the credit card. There are/have been various offers for signing up for the SoFi Money account as well, e.g. $50 for signup via referral and another $100 for direct deposit. You’ll want a SoFi Money account if you plan on getting the credit card since you only can get the full 2% when the money goes into a SoFi account or toward a SoFi loan.
Hat tip to reader John K.
No comments have been published yet.