SoFi Credit Card: Earn Unlimited 2% Cash Back on Every Purchase
The SoFi Unlimited 2% Credit Card offers unlimited 2% cash back on all purchases, no annual fee, 3% on SoFi Travel bookings, and Mastercard World Elite benefits ($5 Lyft credits, travel concierge, ShopRunner). For members with excellent credit seeking straightforward rewards.
Key Features of the SoFi Unlimited 2% Card
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Unlimited 2% Cash Back: 2 points per dollar on all purchases, no limits or rotating categories. Redeems to 1¢ per point toward SoFi accounts, investments, loans, or travel.
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No Annual Fee: Free to use with no annual cost, unlike premium cards charging $95-$550/year.
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3% on SoFi Travel: Earn 3% when booking flights, hotels, rentals, packages through SoFi Travel Portal (powered by Expedia).
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Mastercard World Elite Benefits: 24/7 travel concierge, $5 Lyft credits/month, ShopRunner free 2-day shipping, Instacart 2-month trial, entertainment/dining experiences.
Why Choose SoFi Unlimited 2%?
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Exceptional Flat-Rate: 2% unlimited cash back ranks among the top flat-rate cards. Earn $20 per $1,000 spent, no caps or categories.
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No Redemption Minimums: Redeem anytime with no $25+ thresholds. Apply rewards to checking, savings, investments, or loan payments.
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Integrated Ecosystem: Manage banking, investing, loans, and credit in one place with rewards flowing to wealth-building accounts.
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Premium Benefits, No Fee: Mastercard World Elite perks (concierge, travel, shopping) at no annual cost.
Protection Features
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Zero Fraud Liability: No cost for unauthorized charges; you're fully protected against fraud.
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ID Theft Monitoring: Proactive monitoring and alerts via Generali if your info appears in data breaches (included at no cost).
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Cell Phone Protection: $1,000/year coverage ($800/claim, 2 claims/year) for theft/repairs when you pay your bill with the card.
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No Foreign Transaction Fees: Travel internationally and earn 2% with no 3% surcharge.
Mastercard World Elite Benefits
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24/7 Travel Concierge: Personal assistance with travel planning, restaurant reservations, entertainment bookings, gifts.
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$5 Monthly Lyft Credits: $60/year in Lyft ride credits automatically applied when you link your card.
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ShopRunner 2-Day Shipping: Free 2-day shipping and returns from 140+ stores (Saks, Neiman Marcus, GNC, etc.). Saves hundreds annually for frequent online shoppers.
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2-Month Instacart+ Trial: Two months free unlimited $0 delivery on orders $35+ from thousands of grocery stores.
Maximize Your Rewards with SoFi Travel
The SoFi Travel Portal, powered by Expedia, offers an elevated rewards earning opportunity and exclusive member savings:
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3% Cash Back on Travel Bookings: When you book flights, hotels, car rentals, or vacation packages through the SoFi Travel Portal using your SoFi Credit Card, you earn 3% cash back instead of the standard 2%. This 50% boost in rewards can add up significantly on major travel expenses.
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Save Up to 10% or More: SoFi members can access exclusive discounts on eligible bookings through the travel portal, potentially saving 10% or more on hotels, vacation packages, and other travel services. Combined with your 3% cash back, this represents substantial savings on travel spending.
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Access to Expedia's Inventory: The SoFi Travel Portal provides access to Expedia's massive travel inventory including hundreds of airlines, over 500,000 hotels worldwide, rental cars from all major companies, and bundled vacation packages that offer additional savings.
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Simple Earning Process: Your 3% travel rewards are automatically calculated and credited to your account within 7 business days after transactions post. You don't need to activate categories or jump through hoops—just book through the portal and earn.
Understanding Your Cash Back Rewards
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Automatic Points Earning: You earn 2 rewards points for every dollar spent on purchases automatically—no need to activate quarterly categories or track spending limits.
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Flexible Redemption: Redeem rewards at 1¢ per point toward Checking, Savings, Active Invest, Personal Loans, Student Loan Refinance, or SoFi Travel purchases.
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No Expiration: Your rewards don't expire as long as your account remains open and in good standing. There are no annual earning caps or redemption limits.
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Real-Time Tracking: Monitor your rewards balance through the SoFi mobile app or website in real-time.
Who Should Apply for This Card?
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Excellent Credit Cardholders: SoFi requires no loan defaults in the past 7 years, 5+ years of on-time payments, and no 30+ day late payments in the past year.
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Simplicity Seekers: If you prefer a straightforward rewards structure without rotating categories or activation requirements, this card delivers consistent 2% value.
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SoFi Ecosystem Members: Current SoFi banking, investing, or loan customers benefit most from seamless reward redemption and integrated account management.
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Frequent Travelers: No foreign transaction fees, 3% travel bookings, and Mastercard World Elite benefits make this ideal for domestic and international travel.
Important Terms and Conditions
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Credit Approval: Accounts are subject to additional credit approval and verification of sufficient income. SoFi will not extend credit if you don't meet their pre-established criteria.
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Minimum Credit Line: If approved, your credit line will be at least $500. Your actual limit depends on creditworthiness, income, and underwriting factors.
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Rewards Exclusions: No rewards points are earned on reversed transactions, returned purchases, or similar transactions.
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Processing Time: Allow up to 30 days from submission to process your application. Most applications receive a decision faster.
Important: The SoFi Unlimited 2% Card is recommended for customers with excellent credit. Factors considered include loan default history, years of on-time payments (5+ years preferred), and recent payment behavior (no 30+ day late payments in the past year). Meeting these criteria does not guarantee approval as additional factors from your application and credit history will be considered.
Representative APR Example
Variable APR: The SoFi Unlimited 2% Card carries a variable Annual Percentage Rate determined based on your creditworthiness. Variable APRs are tied to an underlying index (typically the Prime Rate) and can change quarterly.
Example: If you carry a $3,000 balance for one year at 18.99% APR, you'd pay approximately $570 in interest. However, with unlimited 2% cash back, $3,000 spending earns about $60 in rewards. The best strategy is paying your balance in full monthly to avoid interest while maximizing rewards.