Is the SoFi 2% Credit Card subject to Chase 5/24?

No, SoFi does not have specific application rules like Chase's 5/24 rule. Eligibility is determined by SoFi's own criteria.

What credit score do I need for the SoFi 2% Credit Card?

While a specific credit score floor is not provided, applicants typically need a good to excellent credit score for approval.

Can I get the SoFi 2% Credit Card bonus twice?

Welcome bonuses are generally intended for new cardmembers. The provided facts do not specify a "once-per-lifetime" rule, but it's common for issuers to limit bonuses to one per person per product.

Does the SoFi 2% Credit Card have an annual fee?

No, the SoFi 2% Credit Card has a $0 annual fee.

Are there foreign transaction fees with the SoFi 2% Credit Card?

No, the SoFi 2% Credit Card does not charge foreign transaction fees, making it suitable for international use.

How much do I need to spend to earn the SoFi 2% Credit Card bonus?

To earn the $200 welcome bonus, you need to spend $1,500.

What is the welcome bonus for the SoFi 2% Credit Card as of June 2026?

As of June 2026, the welcome bonus for the SoFi 2% Credit Card is $200.

SoFi 2% Credit Card: Earn $200 Bonus (June 2026)

The SoFi 2% Credit Card offers a straightforward $200 welcome bonus after spending $1,500. This no-annual-fee card is a solid choice for those seeking simple, uncapped cashback rewards without complex category tracking. Eligibility is generally based on creditworthiness, with no specific issuer application rules like Chase 5/24 mentioned. It's worth considering for its simplicity and decent bonus for a no-fee card.

As of June 2026, new cardmembers can earn this valuable incentive by meeting the specified minimum spend. The card's appeal lies in its flat 2% cashback on all purchases, making it a strong contender for everyday spending. With no foreign transaction fees and operating on the Mastercard network, it provides broad utility. While specific credit score requirements aren't provided, a good to excellent credit profile is typically expected for approval. This card is ideal for churners prioritizing a clear, achievable bonus and consistent cashback.

Current Welcome Bonus & Value (As of June 2026)

The SoFi 2% Credit Card currently offers a $200 welcome bonus for new cardmembers. This bonus is a direct cash equivalent, providing a clear and valuable incentive.

Bonus Amount: $200
Estimated Value: $200 (as a direct cashback bonus)

Minimum Spend to Earn It

To qualify for the $200 welcome bonus, new cardmembers must meet a specific spending requirement.

Minimum Spend: $1,500
Terms: Requires $1,500 spend. The exact timeframe to meet this spend is not specified, but typically, this must be achieved within the first few months of account opening.

Who's Eligible? (Application Rules)

SoFi does not impose specific application rules like Chase's 5/24 or once-per-lifetime bonus restrictions for this card.

Issuer Rules: No specific issuer application rules (e.g., Chase 5/24, Amex "once per lifetime") are stated for the SoFi 2% Credit Card.
Credit Score: While a specific credit score floor is not provided, applicants generally need a good to excellent credit score for approval.
Bonus Eligibility: Welcome bonuses are typically reserved for new cardmembers who have not held the card previously.

Is It Worth It? (Pros & Cons)

The SoFi 2% Credit Card offers a compelling package, especially for those seeking simplicity and a solid cashback rate without an annual fee.

Pros:

Valuable Welcome Bonus: A $200 bonus is excellent for a no-annual-fee card.
No Annual Fee: Keep the card long-term without recurring costs.
No Foreign Transaction Fees: Ideal for international travel or online purchases from foreign merchants.
Flat 2% Cashback: (Implied by card name) Earn consistent rewards on all purchases without tracking bonus categories.
Mastercard Network: Widely accepted globally.

Cons:

No Category Bonuses: Lacks accelerated earning rates in specific spending categories, which some cards offer.
No Premium Perks: Does not offer high-end travel benefits or luxury perks found on some annual-fee cards.
Bonus Cap: The bonus is a one-time offer, unlike ongoing category bonuses.

How to Apply

To apply for the SoFi 2% Credit Card, visit the official SoFi website. Look for the credit card section and follow the application instructions. Ensure you review the terms and conditions carefully before applying.

Alternatives

If the SoFi 2% Credit Card doesn't perfectly align with your spending habits or reward goals, consider these related cards:

Sofi Credit Card: Another offering from SoFi, potentially with different features.
Personal World Mastercard: A general category of cards that may offer similar benefits or different reward structures.
Apple Card: Known for its simplicity and integration with Apple products, offering daily cashback.
Schwab Investor Card from American Express: Often appeals to those with Schwab investment accounts, potentially offering rewards tied to investments.
Blue Cash Preferred Card: A strong contender for category-specific cashback, particularly on groceries and streaming.
Savor: Offers elevated cashback on dining and entertainment.

Offers change frequently and may not be available to all applicants. Information is provided for research; verify terms on the issuer's site before applying. Chuuurning may not be compensated by issuers.

SoFi 2% Credit Card — $200 bonus