SoFi Everyday Cash Rewards

The SoFi Everyday Cash Rewards is built for someone who wants a simple no-annual-fee card and spends a meaningful share of their budget on dining and groceries. It works best as a straightforward everyday cash-back card for routine spending, not as a premium card built around travel perks or extra benefits.

Annual Fee

Rec. Credit Score

Good

Good For

Everyday dining and grocery spending

How to Apply Estimate your value

All information about SoFi Everyday Cash Rewards has been collected independently by MaxRewards. SoFi Everyday Cash Rewards is no longer available through MaxRewards.

Opinions, reviews, analyses & recommendations are MaxRewards' alone, and have not been reviewed, endorsed or approved by any of these entities.

Overview

Is the SoFi Everyday Cash Rewards worth it?

This card is great for...

Restaurant spending

Grocery runs

No-fee everyday purchases

This card is worth a look if you want uncomplicated cash-back value without paying an annual fee and your spending lines up with its bonus categories. Earning 3% on dining and 2% on groceries gives it a clear place in a household budget, especially for someone who wants one card for common day-to-day purchases and does not care about travel extras.

The tradeoff is that it is fairly basic outside those categories. With 1% back everywhere else and no listed benefits, it is not the strongest choice for broader spending or for cardholders who want protections, credits, or premium perks. If your goal is simple rewards on food purchases, it fits well. If you want one card to cover everything, you will likely want stronger non-category earnings elsewhere.

MaxRewards Verdict

A solid fit for cardholders who want no-fee rewards on dining and groceries and do not need extras. Its main limitation is simple: outside those categories, the value is pretty modest.

Earning

Rewards

SoFi Rewards are worth 1 cent each here, so the earnings are easy to read as cash-back. The key question is whether enough of your monthly spending falls into dining and groceries to make this a useful everyday card.

CategoryRate

Dining

Grocery

Everywhere

Rewards percent based on a valuation of 1¢ per SoFi Rewards point

Eligibility

Recommended Minimum Credit

Min: Good

Poor

Fair

Good

Excellent

Good credit or higher is recommended for this card.

Credit approval is not guaranteed. Meeting the recommended credit range does not ensure approval, and applicants with lower scores may still be considered.

Pricing