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Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in o...
Kellie’s professional experience has led her to a deep passion for compliance, data reporting, and process improvement. Kellie’s learned the ins and outs of the points and miles world and leads UP’s c...
A long-time points and miles student, Jessica is the former Personal Finance Managing Editor at U.S. News and World Report and is passionate about helping consumers fund their travels for as little ca...
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SoFi Credit Card
U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
Earn 2% unlimited cash-back when you redeem it to save, invest, or pay down an eligible SoFi loan --- all without an annual fee.
U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
** Cell Phone Insurance Protection, Mastercard ID Theft Protection(TM), Lyft and Other Partner Rewards have additional terms and conditions, which can all be accessed through the World Elite Mastercard® Benefits portal. Please see the guide to benefits for details or call 1-800-MASTERCARD.
3% cash-back when you purchase travel through SoFi Travel
$0 annual fee
Cell phone insurance
No foreign transaction fees
World Elite Mastercard benefits
Cons
Only useful if you already use the SoFi platform
Does not offer bonus categories for those looking to optimize their spending on certain purchases
Upgraded Points: Expertise You Can Trust
Our seasoned and experienced team brings years of expertise in the credit card and travel sectors. Committed to integrity, we offer data-driven guides to help you find the card(s) that best fit your requirements. See details on our intensive editorial policies and card rating methodologies.
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Methodical “U.P. Rating
The U.P. Rating System
The ratings for these cards have been determined
by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards
as well as rates and fees are all taken into account. Compensation from the issuer does not affect
our rating. We only recommend products we either use ourselves or endorse.
” System
1087+ Expert Credit Card Guides
Great Card If
You’re already a SoFi customer.
You want a no-annual-fee cash-back card that helps you save, invest, and pay down your debt.
Don’t Get If
You want a card that earns flexible rewards.
You want a card that offers bonus categories.
SoFi Card — Is It Worth It?
If you’re a SoFi customer looking for a simple cash-back rewards card with no annual fee, the SoFi card could be a good fit.
Not only does it offer an uncapped 2% cash-back on all purchases, you also earn 3% cash-back on purchases made through SoFi Travel. The card also offers perks like up to $1,000 in cell phone protection, no foreign transaction fees, and Mastercard World Elite benefits.
SoFi Card Top Benefits
Aside from cash-back rewards, here is a look at what the SoFi card can offer you:
Cell phone protection: Receive complimentary cell phone insurance coverage that covers repairs to your stolen or damaged phone. The maximum reimbursement is $800 per claim and $1,000 per 12-month period. Each claim requires you to pay a $50 deductible, and your coverage is limited to 2 claims per 12-month period.
No foreign transaction fees: Use your card overseas to earn 2% cash-back on all purchases without paying a foreign transaction fee.
World Elite Mastercard perks: Receive perks like a $5 Lyft credit once per month, a 2-month Instacart free trial, a free annual Shoprunner membership, and more.
Best Ways To Earn and Redeem Cash-Back Rewards
With a flat 2% cash-back on all purchases, you can use the SoFi card for any purchase and pay it off in full each month to take advantage of these 2% cash-back rewards.
You also could take advantage of the 3% cash-back rewards on SoFi Travel purchases, assuming you don’t mind booking your travel through a third-party platform.
SoFi allows you to redeem rewards as a statement credit to offset purchases you’ve made previously, as a deposit toward your SoFi savings or checking account, toward an investment account you hold with SoFi, or even to pay down any debt you have with SoFi, like a student loan.
Alternative Cards to the SoFi Card
Citi Double Cash® Card
Those looking for a card with more reward flexibility should consider the Citi Double Cash card. Like the SoFi card, the Citi Double Cash card earns an unlimited 2% back on all purchases (1% when you buy and another 1% when you pay) and has a $0 annual fee.
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
Great card for the average spender with no specific focus category; worry-free cash-back earning on everything!
Great card for the average spender with no specific focus category; worry-free cash-back earning on everything!
Earn $200 cash-back after spending $1,500 on purchases in the first 6 months of account opening.
$200 cash-back
$0
0% Intro APR for 18 months on balance transfers, then 18.49% to 28.49% Variable
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Fair to Excellent (580-850)
Why We Like This Card
The Citi Double Cash® Card has long been one of the top cash-back credit cards on the market, and the card now has the ability to earn Citi ThankYou Points!
This means that cardholders of the Double Cash card will now earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Cash back is earned in the form of ThankYou Points. This means each billing cycle, you will earn 1 ThankYou point per $1 spent on purchases and an additional ThankYou point for every $1 paid on your purchase balance as long as there is a corresponding balance in your Purchase Tracker.
Citi has turned the Double Cash card into a top choice for those who are looking for an everyday, no-fuss credit card.
Pros & Cons
Pros
Uncapped 2% for every $1 spent (1% when you buy and another 1% when you pay)
Bonus Offer: Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
To earn cash back, pay at least the minimum due on time.
Balance Transfer Only Offer: 0% Intro APR for 18 months on balance transfers; after that, the variable APR will be 18.49% to 28.49%, based on your creditworthiness. Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
Citi Double Cash® Card Travel Portal Special Offer Earn a total of 5 ThankYou® Points per $1 spent on hotel, car rental, and attractions, excluding air travel, when booked through the Citi Travel℠ portal via cititravel.com or by calling 1-833-737-1288 (TTY: 711). Offer is valid through 12/31/2025.
Financial Snapshot
APR: 0% Intro APR for 18 months on balance transfers, then 18.49% to 28.49% Variable
Foreign Transaction Fees: 3% of the U.S. dollar amount of each purchase
However, instead of being limited to redeeming your 2% rewards with SoFi, you could convert your cash-back to Citi ThankYou Points, which can then be pooled with the rewards from a premium Citi ThankYou Rewards card for high-value travel opportunities.
Fidelity® Rewards Visa Signature® Card
The Fidelity Rewards card and the SoFi card are similar. The Fidelity Rewards card also offers 2% cash-back on all purchases with no annual fee. Fidelity allows you to cash out rewards into a Fidelity Brokerage account, Fidelity Cash Management Account, Fidelity Retirement Account, and practically any other account type that Fidelity offers.
Deciding between the SoFi card and the Fidelity Rewards card mainly depends on which company you prefer to handle your finances through.
The information regarding the SoFi Unlimited 2% Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. The information regarding the Citi Double Cash® Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. The information regarding the Fidelity® Rewards Visa Signature® Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
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