SoFi Launches Smart Card For Plus Members Offering Up To 4.30% APY On Savings

Members Earn Unlimited 5% Cash Back Rewards at Grocery Stores and up to 4.30% APY1 on Savings Balances

SoFi Technologies, Inc. (NASDAQ:SOFI), the one-stop shop for digital financial services, today announced the SoFi Smart Card, the best all-in-one account.2 The account offers better choice and control over spending, attractive rewards, a way to build credit history, and high interest on savings balances. The Smart Card is exclusively available to eligible new SoFi Plus members starting today.

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The Smart Card offers the best benefits of checking and savings products, debit cards, and credit cards, all in one account. While people use debit cards to avoid paying interest and spending beyond their account balance, they often miss out on rewards and protections typically offered only by credit cards. That's why this account offers:

• 5% unlimited cash back rewards at grocery stores.3 With 5% cash back rewards on grocery store and grocery store delivery purchases using the SoFi Smart Card, members could save over $600 annually based on typical monthly grocery spending.4 The unique offering of high rewards on critical products, such as food, aligns the account's benefits with must-have essentials and avoids incentivizing people to overspend on nonessential goods or services to earn reward points.
• Up to 4.30% APY on SoFi Savings balances for up to six months.
• Spending control with a dynamic credit limit based on a member's Checking and Savings account balances.
• Opportunities to grow credit scores responsibly with on-time payments5 and no hard credit pull to apply.
• $0 fraud liability,6 issued via Mastercard to provide the protections of a credit card.
• Fee free access to 55,000+ ATMs worldwide.
• Ways to easily send and receive money through person-to-person payments, Zelle, bill pay, worldwide money transfers, and mobile check deposit.
• Access to complimentary unlimited financial planning and additional benefits with a SoFi Plus membership.7