Credit card

SoFi Essential Credit Card

Cash back

MASTERCARD

Apply for SoFi Essential Credit Card

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Card review

SoFi Essential Credit Card

4.8 9.6/10 DebitCue Score Verified Jun 20, 2026

Build credit with no deposit required

Fee: No fee
Purchase APR: 28.74% - 32.74%
Interest-free: -
Foreign fee: None

Rewards

3% cash back exclusively on purchases made through the SoFi Travel Portal; no everyday rewards on other categories.

Welcome offer

None.

Our verdict

What stands out, and where it falls short.

What we like

3% cash back exclusively on purchases made through the…
Welcome bonus
No card fee
No foreign transaction fees

Worth weighing

High interest if you carry a balance

Who It Is For

Whether the SoFi Essential Credit Card fits how you actually spend.

Pick it if you are

Anyone who wants a low-cost everyday card
Frequent travelers
People who want rewards on their spending

Rates and fees

As of June 20, 2026

All amounts shown in USD.

Card fee: No fee
Purchase APR: 28.74% - 32.74%
Interest-free period: -
Foreign transaction fee: None
Purchase APR: 28.74%–32.74% variable
Balance Transfer APR: 28.74%–32.74% variable

Rewards and features

Rewards: 3% cash back exclusively on purchases made through the SoFi Travel Portal; no everyday rewards on other categories.
Welcome offer: None.
Pay with: Apple Pay, Google Pay, Contactless, Virtual card
No Security Deposit: Unsecured card; credit limit set by income and credit history, not a cash deposit.
Positioning: Designed as a stepping stone to the SoFi Unlimited 2% card after demonstrating responsible credit use.

Benefits and perks

Extras that come bundled with the card.

Credit Bureau Reporting

Reports to Experian, TransUnion, and Equifax to help establish or rebuild credit history.
No Foreign Transaction Fees

No surcharge on international purchases.

Eligibility

What you need before you apply.

Availability: Invitation-only as of mid-2026; offered to existing SoFi customers with other active SoFi accounts.

SoFi Essential Credit Card: your questions answered

Does the SoFi Essential Credit Card have a card fee?

No - the SoFi Essential Credit Card has no card fee.

What rewards does the SoFi Essential Credit Card earn?

The SoFi Essential Credit Card earns 3% cash back exclusively on purchases made through the SoFi Travel Portal; no everyday rewards on other categories..

Does the SoFi Essential Credit Card charge foreign transaction fees?

No - the SoFi Essential Credit Card has no foreign transaction fees, so it suits spending abroad.

What is the interest rate on the SoFi Essential Credit Card?

The SoFi Essential Credit Card has a purchase APR of 28.74% - 32.74%.

Does the SoFi Essential Credit Card have a welcome offer?

Yes - None..

Is the SoFi Essential Credit Card a credit, debit or prepaid card?

The SoFi Essential Credit Card is a credit card issued by SoFi on the Mastercard network.

Does the SoFi Essential Credit Card support Apple Pay and Google Pay?

Yes - the SoFi Essential Credit Card works with both Apple Pay and Google Pay.

Where can I get the SoFi Essential Credit Card?

The SoFi Essential Credit Card is currently offered in United States.