A SoFi credit card is a, no-annual-fee rewards card offered by the digital financial company SoFi (Social Finance). These cards (specifically the Everyday Cash Rewards and Essential versions) are designed to help users manage, build, or repair credit while earning cash back on daily spending, with, up to 3% rewards on dining.
The SoFi debit card is a true debit card. You can use it to access funds in your checking account.
(abbreviated as SoFi) is an American financial technology company. Founded in 2011 by Stanford University students, it operates as a nationally chartered online bank and is a technology provider to other financial institutions. SoFi is the largest U.S. based online lender, and has 12.6 million customers as of 2025.
Introducing the SoFi Smart Card: The Best All-in-One Account
Earn up to 3% cash back rewards toward your money goals.
Finally, a credit card that gives back. Enjoy unlimited 3% cash back rewards on dining, 2% at grocery stores, and 1% on all other eligible purchases1*—all with no annual fee.
To get a credit card with a $100k limit, you generally need excellent credit, high income, and often apply for premium travel cards like the Chase Sapphire Reserve or Amex Platinum, or business cards like Brex/Ramp, as traditional cards rarely start that high, though some premium options like Chase Sapphire Preferred can reach it for top-tier users. No preset spending limit (NPSL) cards, like some American Express products, offer flexible limits that can exceed $100k based on your financial profile, making them another path to high spending power.
SoFi currently offers just one credit card. The SoFi Unlimited 2% Credit Card earns users unlimited 2% cash-back rewards for every dollar spent on purchases. With the SoFi credit card, you'll also earn 3% cash back on trips booked through SoFi travel.
Jpmorgan Chase & Co reports 881.10% increase in ownership of SOFI / SoFi Technologies, Inc. On November 26, 2025 - Jpmorgan Chase & Co filed a 13F-HR/A form disclosing ownership of 46,790,176 shares of SoFi Technologies, Inc. (US:SOFI) valued at $1,236,196,450 USD as of September 30, 2025.
SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC. The SoFi® Bank Debit Mastercard® is issued by SoFi Bank, N.A., pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted.
There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at http://www.sofi.com/legal/banking-rate-sheet.
Everyone who gets approved for SoFi Credit Card is guaranteed a credit limit of at least $1,000, and particularly creditworthy applicants could get limits a lot higher than that. The higher an applicant's credit score and income are, the higher the starting credit limit is likely to be.
If you're given a credit limit of $6,000, for example, you'll be able to purchase $6,000 per month on your card (which will need to be paid off each statement period or you'll be charged interest).
SoFi partners with banks like The Bancorp Bank for core banking services and Galileo (a SoFi-owned tech company) for payment processing, using partners like Allpoint for ATM access (55,000+ fee-free ATMs) and GreenDot for cash deposits, while also working with various banks for its FDIC-insured deposit sweep program to offer high coverage up to $3M.
SoFi doesn't publish a single minimum score, but generally requires a "good" credit score, often around 670 or higher (FICO), for personal loans, though some sources suggest scores from 650-680 might be considered, with higher scores getting better rates. They look at your whole financial picture, including income, debt-to-income (DTI) ratio (aiming below 36%), and cash flow, not just the score.
Above is from the SoFi CEO's interview by CNBC today. The "Rule of 40" is a financial benchmark to assess a company's financial health and sustainability. It suggests that a healthy SaaS company's combined revenue growth rate and profit margin should be 40% or greater.
No, SoFi does not charge monthly maintenance or service fees for its SoFi Checking and Savings accounts, with no minimum balance requirements to avoid fees. This applies to their checking, savings, and student accounts, focusing on no account or maintenance fees, though there are fees for specific services like outgoing wire transfers and certain investments.
SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC. The SoFi® Bank Debit Mastercard® is issued by SoFi Bank, N.A., pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted.