@Anonymous wrote:An interesting rewards system... I might check it out. Congrats on your approval and awesome SL!
Thanks! I can go ahead and just list them all out here since I can't seem to find it anywhere on their website. Apparently it's the SoFi Reward system, it's only open to certain members by invite. Enrollment in the SoFi Member Rewards program is 10 points,
Daily app login is 5 points,
Daily app login streak bonus (login 4+ consecutive days) is 5 points,
Spend on Credit Card is 1pt/$1,
In regard to SoFi money it is 50 points per posted recurring direct deposit,
First time sending money to a friend is 100 points,
Send money to a friend with SoFi Money is 5 points, good for once a week,
Activating your SoFi Money debit card is 50 points,
Once your first bill payment processes it's 100 points,
First check deposit to SoFi money is 100 points,
If you sign up for their Credit Score Monitoring is 100 points,
Linking a non-SoFi debt account is 10 points,
Linking a non-SoFi spending account is 5 points,
Linking a non-SoFi investment account is 5 points,
First recategorization of a transaction is 5 points,
and then First tag created is 5 points.
I know it's long, but the major one is daily app login. It sounds like you'll be able to get close to $72 a year if you were to simply check the app every day.
@cashorcharge wrote:
@Matt9543 wrote:
@Anonymous wrote:An interesting rewards system... I might check it out. Congrats on your approval and awesome SL!
Thanks! I can go ahead and just list them all out here since I can't seem to find it anywhere on their website. Apparently it's the SoFi Reward system, it's only open to certain members by invite. Enrollment in the SoFi Member Rewards program is 10 points,
Daily app login is 5 points,
Daily app login streak bonus (login 4+ consecutive days) is 5 points,
Spend on Credit Card is 1pt/$1,
In regard to SoFi money it is 50 points per posted recurring direct deposit,
First time sending money to a friend is 100 points,
Send money to a friend with SoFi Money is 5 points, good for once a week,
Activating your SoFi Money debit card is 50 points,
Once your first bill payment processes it's 100 points,
First check deposit to SoFi money is 100 points,
If you sign up for their Credit Score Monitoring is 100 points,
Linking a non-SoFi debt account is 10 points,
Linking a non-SoFi spending account is 5 points,
Linking a non-SoFi investment account is 5 points,
First recategorization of a transaction is 5 points,
and then First tag created is 5 points.
I know it's long, but the major one is daily app login. It sounds like you'll be able to get close to $72 a year if you were to simply check the app every day.
Thanks for sharing all these details @Matt9543 . Have you been a client for a long time and do you do a lot of transactions with them? Happy so far? I received an offer regarding a personal loan/check your rate and it wasn't bad so I created an account online to check them out but haven't done anything else as of yet.
Being completely honest, I've only had their Investment account since around March of this year. Opened up the Money account on Sunday. I really bit myself back in June when I saw they announced the changes to the Money account. I really like their app and everything is pretty straight forward, in my opinion. Their website is okay, it appears you cannot manage your credit card through the website, but I will update on that when I receive the card. It says it should be here by December 4.
@craig10x wrote:I have the card also (see my separate posting) The points get doubled because they go into the same "basket" as the SoFi credit card points...so for example: the 5 points you get for logging in daily is doubled to 10 points when you cash them out along with you credit card points...
Also, since I have logged into the app daily for the past 4 days, I did see today that I got 10 points for the daily app login. 5 points for logging in, 5 points for the daily streak bonus, which totals to 20 cents. If there is truly no limit, you can get up to $73 per year, just for logging into the app. Not to mention they offer a bunch of other ways to earn points.
matt: yes it is true that you can only manage the card on the mobile app...Although you can view the transactions you make in the "Relay" section of the SoFi Online Banking you can't do all the various functions like viewing statements...checking your points, cashing your points out, paying your bill... etc...I called them and suggested they add it to the online and they said maybe eventually but no time line right now...
And congratulations on getting the card 
I've been having a bit of a problem getting new cards lately (too many inquiries) so almost fell off my chair when i was instantly approved like you were...I did get a higher line then you did but then i have a lot more income so i am sure that had something to do with it...
