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SoFi Credit Card — $200 bonus

SoFi · Updated June 2026

The SoFi Credit Card currently offers a $200 welcome bonus, providing a straightforward cash value for new cardholders. To earn this bonus, you'll need to meet a minimum spending requirement of $1,500 within the initial months of account opening. This card is generally worth considering for those seeking a no-annual-fee cashback option with a solid signup incentive, especially if you're not subject to strict issuer application rules like Chase 5/24. It's a strong contender for individuals looking to maximize their rewards without complex earning structures or annual fees, offering a clear path to a valuable bonus.

Welcome bonus
$200 bonus
Min. spend
$1,500
Annual fee
None
Est. value
$200
View offer at SoFi →
Before you apply, make sure you can be approved. Check this card against Chase 5/24 & your history →

Current Welcome Bonus & Value

As of June 2026, the SoFi Credit Card offers a welcome bonus of $200. This bonus is provided as cashback, making its estimated value a direct $200 USD once earned. This is a straightforward cash incentive, appealing to those who prefer direct value over points or miles.

Minimum Spend to Earn It

To qualify for the $200 welcome bonus, new cardholders must spend $1,500 on eligible purchases. This minimum spend must be met within the initial months of account opening, as specified in the offer terms.

Who's Eligible

Applying for the SoFi Credit Card generally requires a good to excellent credit history. While SoFi does not publicly impose strict application rules like Chase's 5/24 rule or once-per-lifetime bonus restrictions common with other issuers, applicants should always review the specific terms and conditions at the time of application. This card is not issued by Chase, so the 5/24 rule does not apply.

Is It Worth It?

Pros:

Cons:

How to Apply

Applying for the SoFi Credit Card is typically done online through the SoFi website. You will need to provide personal information, including your name, address, Social Security Number, and income details. The application process is generally quick, with an instant decision often provided.

Alternatives

If the SoFi Credit Card doesn't perfectly align with your spending habits or churning strategy, consider these related cards:

These alternatives may offer different reward structures, benefits, or welcome bonuses that could better suit your financial goals.

Frequently asked questions

Is the SoFi Credit Card subject to Chase's 5/24 rule?
No, the SoFi Credit Card is issued by SoFi, not Chase. Therefore, it is not subject to Chase's 5/24 rule, which limits the number of new credit card accounts you can open within a 24-month period.
What credit score do I need to get the SoFi Credit Card?
While SoFi does not publish a specific minimum credit score, applicants generally need a good to excellent credit score (typically FICO scores of 670 or higher) to be approved for the SoFi Credit Card.
Can I get the SoFi Credit Card welcome bonus more than once?
Welcome bonuses are typically offered to new cardholders only. While SoFi does not have a publicly stated 'once-per-lifetime' rule like some issuers, it's generally understood that you can only receive the welcome bonus once per product.
What are the main benefits of the SoFi Credit Card?
The main benefits of the SoFi Credit Card include a $200 welcome bonus, no annual fee, straightforward cashback rewards on all purchases, and no foreign transaction fees, making it a solid choice for everyday spending and international travel.
Does the SoFi Credit Card have an annual fee?
No, the SoFi Credit Card does not charge an annual fee, allowing you to enjoy its benefits without an recurring cost.
Is the SoFi Credit Card good for travel?
The SoFi Credit Card can be good for travel due to its lack of foreign transaction fees, which saves you money on purchases made outside the U.S. However, it does not offer specific travel-related benefits like travel insurance or lounge access.

Related cards

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.