MASTERCARD
SoFi Smart Card
- Annual Fee
- $0
- Top Rate
- 5%
Terms checked against the issuer on October 10, 2026
At a Glance
- Annual Fee
- $0
- Network
- —
- Rewards Currency
- Cash
- Point Valuation
- 1¢ (cash back)
Earning Rates
- 5%
Grocery Stores
5% cash back rewards (5 SoFi Member Rewards points per dollar, 1 cent each) on eligible grocery store purchases. SoFi does not treat superstores like Walmart and Target, warehouse clubs like Costco and Sam's Club, convenience stores, grocery delivery services or meal-kit delivery services as grocery stores.
Reviews & Analysis
Pros and Cons
Pros
- +Secured by your SoFi Checking and Savings balance, with no hard credit pull to apply
- +Unlimited 5% cash back rewards on eligible grocery store purchases
- +No annual fee
- +SoFi reports Smart Card activity to Experian, so on-time payments can help build credit
Cons
- -Secured card - you need a SoFi Checking and Savings account, and the balance sets your spending limit
- -The balance must be paid in full each month
- -Superstores, warehouse clubs, convenience stores and grocery delivery do not count as grocery stores for the 5% rate
- -Reports to Experian only
Details & Terms
Media & Resources
Evidence Sources
| Source | Verified | Citation |
|---|---|---|
| RewardsCC API | — | RewardsCC API |
| SoFi Official | SoFi Official: Multiple card facts | |
| SoFi Official | SoFi Official: Earn rates | |
| SoFi Official | SoFi Official: Earn rates | |
| SoFi Official | SoFi Official |