Updated. SoFi (“Social Finance”) is a financial “super app” that expanded from students loans into banking, stocks, crypto, credit cards, and more. They’ve been more aggressive recently on many of their promotions, with many worth a second look. Both referral and alternate options are included below. New users can receive a separate opening bonus for each separate part of SoFi (Money, Invest, Crypto, etc).
SoFi App Download Referral offer: $25 user bonus. “Get up to $25 cash rewards when you use my link to sign up and check your credit score.” Must be completely new to SoFi for this one.
SoFi Money Referral Offer: $25 new user bonus. Banking features. Open a new SoFi Money account and add at least $10 to your account within 5 days, and get $25.
SoFi Money: 1% APY on $50,000 with direct deposit. SoFi got their own bank charter. Coming soon: “SoFi Banking members with direct deposit can earn up to 1.00% annual percentage yield (APY) interest on the first $50,000 of their balances for their checking and savings accounts, plus the cumulative total of all Vault balances, for up to $150,000 total deposits.”
SoFi Invest Referral Offer: $25 new user bonus. Brokerage account. Open an Active Investing account with $100 or more, and you’ll get $25 in stock.
SoFi Invest Alternate Offer: Claw Game. Feeling lucky? Compare the $25 guaranteed above with a ~95% chance of a smaller $5 or $10 bonus, but a 0.028% chance of a $1,000 bonus.
SoFi Credit Card Referral Offer: 4% cash back for 30 days. Standard feature is 2% cash back with no annual fee.
SoFi Credit Card Alternate Offer: $100 bonus after first purchase. This is the better offer unless you plan on spending more than $5,000 in the first 30 days with other offer.
SoFi Student Loan Refi: $500 bonus. Warning: Do your research before refinancing your Federal student loans to a private lender. The referral offer is only $300, so I am not including it.
SoFi Personal Loans Referral Offer: Fixed $300 bonus. Fixed $300 bonus, 90 days after successful funding. The loan has no fees and you can pay it back in full after 90 days. This fixed $300 is the better offer unless you are borrowing more than $30,000 with the offer below.
SoFi Personal Loans Alternate Offer: Up to $1,000 bonus. 1% Member Rewards means you get 1% of your loan amount back in SoFi points, 60 days after successful funding. So a $5,000 loan would get you $50.
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