How to Apply for your SoFi Unlimited 2%

SoFi, a nationally chartered bank, is renowned for its lending products. Established in 2011, the company initially focused on student loan refinancing. Later expanded its offerings to include personal loans, mortgages, investment and banking services, and insurance. Now most recently, the SoFi Unlimited 2% Credit Card.

The SoFi Credit Card, a cash-back card with a twist. You can earn 3% cash back on trips booked through SoFi Travel and unlimited 2% cash back on all other purchases. What sets this card apart is its versatile rewards program. Cash back earned can be redeemed for statement credits, deposited into various SoFi accounts, or used to pay off SoFi student loans or personal loans.

SoFi Credit Card details

SoFi Credit Card rewards

With this card, you can earn 3% cash back on trips booked through SoFi Travel and unlimited 2% cash back on all other purchases. Redeem your SoFi cash back through your online account, where having banking and investment accounts with SoFi proves valuable.

SoFi Credit Card rewards potential

Based on our estimations using government data and publicly available information, a typical household in the U.S. that might consider the SoFi Credit Card has an annual income of $84,352 and expenses of $25,087 that they could potentially charge to a credit card.

If this household were to use the SoFi Credit Card for all purchases, earning 2% cash back, they would accumulate $501.74 in rewards on $25,087 in purchases. Additionally, if they were to book a trip through SoFi Travel, earning an elevated 3% cash back rate, a $7,000 trip would yield $210 in rewards.

To calculate your own rewards potential, simply multiply your projected expenses by the applicable cash back rate (2% for general purchases, 3% for SoFi Travel bookings).

Cell Phone Coverage

The SoFi Credit Card offers cell phone coverage, protecting you in case of theft or certain repairs. You’ll receive up to $800 in coverage per claim and up to $1,000 in total coverage with two claims per year.

World Elite Mastercard Perks

As a World Elite Mastercard, the SoFi card also provides exclusive perks through Mastercard, including:

• Complimentary Instacart+ Subscription: Enjoy a two-month subscription to free delivery with Instacart+ at no cost.
• Lyft Credit: Receive a $5 Lyft credit once per month when you pay for three Lyft rides within a month.
• ShopRunner Benefits: Enjoy free two-day shipping with numerous online retailers through ShopRunner.
• The SoFi Credit Card is ideal for individuals focused on enhancing savings, reducing debt and initiating investments.

Security Features

Enjoy your spending experience with peace of mind, the SoFi Credit Card offers zero fraud liability protection, to protect you against unauthorized charges, and ID Theft Protection, to support you when your identity is stolen.

SoFi Credit Card pros and cons

Pros

• Simple, flat rewards: 2 points per $1 on eligible purchases and 3% rewards on SoFi Travel, with a straightforward 1 cent per point value when redeemed into SoFi accounts or SoFi Travel.
• Reward boost for SoFi Plus with direct deposit: Up to 2.2% cash back on everyday purchases and 3.3% on SoFi Travel for members who maintain qualifying direct deposits.
• No annual fee and no foreign transaction fees, which keeps ongoing costs low for frequent travelers and online shoppers.
• Strong protections and perks via World Elite Mastercard: ID Theft Protection, zero fraud liability, cell phone protection and partner benefits like Lyft credits and ShopRunner shipping.
• Deep integration with SoFi products, making it easy to redeem rewards toward loan balances, savings, investments or travel in the SoFi ecosystem.

Cons

• Requires excellent credit: SoFi’s guidance and third-party reviews note that the card targets applicants with excellent credit, which may exclude people still building or repairing credit.
• Best value is inside SoFi: To achieve the full 1 cent per point value and the most attractive perks, you generally need to redeem into SoFi accounts or SoFi Travel, which may not appeal to users who prefer bank-agnostic cash rewards.
• No 0% intro APR: According to WhenHowAndWhat, SoFi Unlimited does not offer an introductory 0% APR on purchases or balance transfers, which limits its appeal for short-term financing or balance-transfer strategies.

Eligibility Criteria

Before applying for a SoFi Credit Card you must:

• Be 18 years or older (or of legal age in your state of residence)
• Reside legally in United States
• Have a physical U.S. mailing address
• Possess a valid Social Security number (SSN)
• Have an excellent credit score

How to unlock SoFi Credit Card

1. Log into your SoFi account.
2. Navigate to your credit card page.
3. Click ‘More’ then ‘Your Card’
4. Toggle the ‘Freeze card’ button on/off to add/remove a freeze.

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How do I apply for a SoFi Unlimited 2%?

To apply, simply follow these steps:

• Click on the provided link and sign up for your profile.
  Fill in your personal and financial details to check your eligibility. This initial application won’t affect your credit score.
• Fill out the application form with the information requested.
• Provide your phone number to receive a six-digit code for two-factor authentication.
• Enter the code received and press the button “Next”.
• Enter your social security number.
• Provide your date of birth and click ‘Next’ (applicants must be at least 18 years old).
• Submit your application
• Wait for approval, you will receive an email.

Rates and fees

• Annual Fee: None
• Regular APR (for purchases and balance transfers): 19.24% to 29.74% (variable)
• APR for cash advances: 31.24%.
• Balance transfer fee: Either $10 or 5 percent of each transfer, whichever is greater.
• Cash advance fee: Either $10 or 5 percent of each advance, whichever is greater.
• Late payment fee: up to $41
• Returned payment fee: None

SoFi Bank Customer Service

If you need help with your SoFi Unlimited 2% Credit Card—whether for activation, disputes, rewards or technical issues—SoFi provides several customer-service channels: SoFi+1

• Credit Card Support (phone): SoFi credit card support: (844) 945-SOFI (7634) – available 24/7 by phone for card-related questions.
• General SoFi Customer Support: Phone: (855) 456-7634 / Hours: Monday–Thursday 5:00 a.m.–7:00 p.m. PT; Friday–Sunday 5:00 a.m.–5:00 p.m. PT. SoFi
• Website and online help: Main site 
• Help center and FAQs
• Mobile app support: Use the SoFi app (iOS and Android) to access in-app help, manage your credit card, redeem rewards and monitor your account.

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Before calling or chatting, it can be useful to have your card number, personal details and a description of the issue ready so that SoFi can assist you more quickly.