SoFi Debit Card Cash Back: Earn Rewards and Benefits

The SoFi debit card cash back program is a great way to earn rewards on your everyday purchases. You can earn up to 10% cash back at certain merchants.

With SoFi, you can earn cash back on purchases in various categories, including dining, entertainment, and gas. SoFi offers a 5% cash back bonus on purchases made at certain merchants.

One of the best things about the SoFi debit card cash back program is that it's easy to use and doesn't require you to sign up for separate rewards programs. You can simply use your SoFi debit card for your daily purchases and earn cash back automatically.

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SoFi offers a range of benefits to its customers.

SoFi Plus members earn 0.50% APY on checking and up to 3.80% APY on savings if they set up direct deposit or deposit $5,000 or more every 30 days.

One of the most significant benefits of SoFi Plus is the ability to get paid up to two days early. This can be a huge help for people who need access to their money quickly.

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SoFi Plus members also receive a 0.25% rate discount on personal loans. This can save customers money on interest charges over time.

Additionally, SoFi Plus members earn double rewards points on qualifying purchases. This can add up to a lot of extra rewards points over time.

SoFi Plus members also receive 3% cash back on credit card purchases, compared to 2% earned by non-Plus customers.

SoFi has a referral program that offers $25 to the person being referred after funding an account with at least $10 within five days. This can be a great way for customers to earn some extra cash.

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Signing up for a SoFi Money account can get you up to $125 in cash, just for doing what you'd normally do when switching bank accounts.

To start earning this bonus, you'll need to sign up for a SoFi Money account, which is a simple process that typically takes just a few minutes.

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You can also sign up for a SoFi Invest account to trade on your own or via the broker's robo-advisor, which can give you even more opportunities to earn bonuses.

Enrolling through a friend's referral link and starting with $1,000 in your account will get you $50 worth of your favorite stock.

SoFi Checking and Savings offers a range of features that make it a compelling option for those looking for a high-yield account. No account monthly fees, overdraft fees, or minimum balance requirements are a huge relief for many users.

You can earn up to 15% cash back on eligible debit card purchases from local businesses, which is a great perk for frequent shoppers. Bill pay, mobile check deposit, and free ACH transfers are also available to all customers.

SoFi Checking and Savings stands out from similar online deposit accounts in several ways. Here are some of its key features:

SoFi Checking & Savings stands out from similar online deposit accounts in several ways. It pays interest on all balances, with a checking side APY of up to 0.50% and a savings side APY of up to 4.00%.

One of the most notable features is the potential for excellent cash-back returns. You can earn up to 15% cash back on eligible debit card purchases with SoFi Checking & Savings.

The cash-back rewards are tied to specific retailers, not spending categories, so not all purchases earn rewards. You can earn up to 15% cash back on debit card purchases from local businesses, or on select popular retailers like Netflix, Disney Plus, and Spotify.

Another benefit is no-fee overdraft protection on smaller overdrafts. You pay no overdraft fees on overdrafts up to $50 as long as you have a qualifying direct deposit set up.

You can also earn cash back on groceries and subscriptions with SoFi Money. Between July 1 and September 30, you can receive 10% cash back with select grocery and subscription services, including Whole Foods, Trader Joe's, Instacart, Netflix, Disney+, and Spotify.

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Here are some specific details about the cash-back rewards:

SoFi Checking & Savings also offers deposit insurance well above the standard federal limit, with up to $2 million in additional FDIC insurance through a network of participating banks.

SoFi Checking & Savings has a lot to offer.

It has a lot to recommend it, and a few downsides too. One of the downsides is that the pros and cons are not clearly defined, but from what we can gather, the account has no monthly maintenance fees.

The account also offers a 2.25% APY, which is a great feature for those looking to earn some interest on their savings. However, it's worth noting that the interest rate may not be the highest available.

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The SoFi debit card comes with some amazing rewards and insurance benefits. You can earn up to 10% cash back on certain purchases, which is a great way to save money and boost your savings.

The cash back rewards are definitely a highlight of the card, but it's also worth noting that your deposits are insured up to a certain amount. You're protected with up to $2 million in additional FDIC insurance through a network of participating banks.

Cash Rewards can be a great way to earn some extra money back on your purchases. You can earn up to 15% cash back on eligible debit card purchases with SoFi Checking & Savings.

Not all purchases qualify for rewards, though - SoFi ties cash-back rewards to specific retailers rather than spending categories. This means you'll need to check which retailers offer rewards before making a purchase.

SoFi Money offers a special promotion between July 1 and September 30, where you can earn 10% cash back on groceries and subscriptions. To qualify, you need to pay with your SoFi Money debit card and shop with eligible retailers like Whole Foods, Trader Joe’s, and Instacart for groceries, or Netflix, Disney+, and Spotify for subscriptions.

Here are the details on how to max out your cash back in each category:

SoFi's deposit insurance is a valuable feature that offers additional protection for your money. You're covered up to $2 million through a network of participating banks.

The exact amount of coverage you get depends on SoFi's arrangements with its partner banks, so it's not a guaranteed maximum. But you can expect a coverage amount significantly higher than the standard FDIC limit of $250,000.

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