Sofi Reduced the Amount of Rewards Points for Logging Into App

[Tyrannos]

Looks like this happened yesterday. It used to be you get a point every day and after 4 consecutive days, they give you 5 additional points. Now they require you to log in for 7 consecutive days and then they will give 10 points. Each point is worth a cent if redeemed for one of Sofi's products.

Either way, it's not a lot of money, ~$8.20 for the old method and ~$5.20 for the new method over a year. But it was a nice way to get some pennies just logging into the app and checking your investments, credit card, and/or bank account.

It's not even worth it anymore since missing just one day resets the clock to a week. So the amount they have to pay out is most likely going to be substantially reduced. Which is what they were aiming for, I'm sure.

I only got the card for the cell phone protection, but the way they keep cutting things makes me think it won't be there forever.

[Credit12Fico]

The member rewards program isn't related to the credit card. Anyone can join the member rewards program as far as I understand. I don't see any reason to be nervous about the credit card.

In addition to the 30 day 4% referral bonus program, they have now launced a first year 3% cashback up to 60,000 points ($600), as long as you have direct deposit to SoFi Money. 

[uoyankee]

I still open the SoFi app daily, since I'm a little obsessive.  I don't really use any of their accounts any longer but it's a few free cents I get while walking around the house.  The 10 day streak though may make it so I put myself out of my misery and just back burner the app for good.