SoFi Smart Card

Offer Rating

4/ 5

By Our Content Team

Key Benefit

Earn one of the highest rewards rates available on grocery store purchases – with no limit to how much is earned.

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The SoFi Smart Card is a unique option for those looking to build credit while earning generous rewards on everyday grocery spending. Unlike a traditional secured card, this card is tied directly to a user’s SoFi Checking and Savings accounts and features a dynamic credit limit based on the balances in those accounts. In other words, your spending limit is set by your available funds – giving you greater control over your finances. And because it’s a charge card rather than a traditional credit card, cardholders are required to pay their balance in full each month, helping users avoid interest charges altogether.

One of the card’s biggest standout features is its exceptional rewards rate: cardholders earn 5% cash back rewards on eligible grocery store purchases! Cash back rewards are issued in the form of SoFi Member Rewards points. Members earn 5 points for every dollar spent on eligible grocery store purchases, and these points can be redeemed as a statement credit, a deposit into a SoFi Checking or Savings account, or toward SoFi loan payments. It’s important to note that superstores like Walmart and Target, warehouse clubs like Costco and Sam’s Club, convenience stores, grocery delivery services, and meal-kit delivery services are not considered grocery stores, meaning purchases made with these merchants will not qualify for rewards.

Cardholders can enjoy valuable perks tied to their SoFi relationship, including up to 4.00% APY¹ on SoFi Savings balances for up to 6 months with eligible direct deposit, fee-free access to more than 55,000 ATMs worldwide², and convenient money management tools like Zelle, bill pay, worldwide money transfers, and mobile check deposit. This card’s combination of strong rewards, banking perks, and credit-building features make it a compelling choice for existing or prospective SoFi customers.

• ¹Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.30% APY as of 3/31/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC
• ²We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time.
• ³SoFi Plus members can schedule an unlimited number of appointments with a financial planner during periods in which the SoFi Plus member meets the eligibility criteria set forth in section 10(a) of the SoFi Plus Terms and Conditions. Robo investing and advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser.

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