I receive compensation for content and many links on this blog. Citibank is an advertising partner of this site, as is American Express, Chase, Barclays and Capital One. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same). Terms apply to the offers and benefits listed on this page.
SoFi online financial accounts have new, better signup offers that I wrote about at the beginning of the week:
- SoFi Money $50 bonus for making a $500 minimum deposit
- SoFi Invest $50 in stocks for $1,000 minimum deposit
You also get $50 for each person you refer who does the same (you’ll be able to pull a referral link in their app). You can earn up to $10,000 per year in referrals.
SoFi Money has no account fees. They also run several cash back promotions such as 10% back on certain grocery and subscription services up to $100 through September 30. They also offer,
- Mastercard Airport Concierge 15% off meet and great airport service at 450 destinations around the world for escort throgh departure, arrival or connections and expediting through security and immigration.
- Cell phone protection pay your bill with the SoFi Mastercard debit card and you get up to $200 per claim (with a $25 deductible) up to twice annually.
- Mastercard golf discounts on courses.
- Purchase Assurance gives coverage for a majority of new items purchased with the card in case of theft or damage within 90 days (up to $1,000 per claim).
- Extended Warranty doubles the original manufacturer’s warranty for eligible items.
The SoFi Money account is also offering both new and existing customers $75 for $500 in employer direct deposits by November 30 (eligible as long as you’ve never done a direct deposit with SoFi before). Enroll by September 30 at Noon Eastern. So sign up for a new account for $50 and do a direct deposit for $75, that’s $125 with the new no fee account. (ht: Doctor of Credit)
As for the SoFi Invest account, you don’t even have to do anything with the $1000 – you’ll get $50 worth of stock even if you leave your own money in cash.
I signed up for both of these accounts back in November. The only glitch I faced was that I didn’t get approved automatically for SoFi money because I was signing up while outside the U.S. (Bora Bora, actually) so it required a phone call. But it’s easy signup cash, and you can then refer friends and family to do the same each one earning signup cash while you earn it each time as well.