SoFi launches its credit card

The SoFi Credit Card’s rewards structure helps consumers reach their financial goals, such as saving and investing, and addresses the cycle of debt that prevents financially healthy behaviours, with up to 2% unlimited cash back when applied to a SoFi Money or SoFi Active Invest account or used to pay down a SoFi personal loan or student loan refinance.

Cashback rewards for the SoFi Credit Card will be administered through the SoFi Member Rewards program, which also rewards members for logging on to the app and making smart money moves, including monitoring credit scores through SoFi Relay, setting up automated bill pay, and linking external financial accounts.