SoFi Everyday Cash Rewards Credit Card
A no-annual-fee cash back card from SoFi.
Rates, fees, and full terms are set by SoFi and can change. See current rates & fees on the issuer’s site, and always confirm the latest terms before applying.
Our review
The SoFi Everyday Cash Rewards is a food-focused no-fee card: 3% on dining, including delivery, and 2% at grocery and convenience stores. Like the flat SoFi card, anyone can apply, which is nice for a card with real category rewards.
It is a solid free card if your spending leans toward food, though the value is best when you redeem into a SoFi account, and there is no standing welcome bonus to sweeten year one.
Think twice if: your spending is spread out or you want a welcome bonus, since the bonuses are food-focused and there is no standing sign-up offer.
Our 7.1 out of 10 rating
Each score weighs the rewards rate, value after the annual fee, welcome offer, points flexibility, and perks, with every point valued at a flat 1 cent. This is our editorial assessment to help you compare cards, not a guarantee of approval or of the value you will get.
Earning rates at a glance
Rewards: how it earns
You earn 3% on dining and food delivery, 2% at grocery and convenience stores, 3% on SoFi travel, and 1% on everything else, with no annual fee. That is strong coverage of everyday food spending for a free card, with the same SoFi-redemption angle as its sibling.
| Category | Rate | Notes |
|---|---|---|
| Dining and restaurants | 3x | Bonus category |
| Groceries | 2x | Bonus category |
| Gas | 1x | Base rate |
| Travel | 1x | Base rate |
| Streaming | 1x | Base rate |
| Everything else | 1x | Everything else |
The fine print on rates: Food-focused rewards; the strongest value comes when you redeem into a SoFi account. Open to anyone (no membership gate).
Every point and mile above is valued at a flat 1 cent, the same honest standard we use for every card. Run your own spending through the calculator to see what this card would actually return for you.
Best ways to earn & redeem
Put your dining and groceries spending on this card to earn at its highest rates, and let a different card handle the categories it does not bonus.
When you cash in, take the rewards as cash back or a statement credit, worth a flat 1 cent each. We value every point at a flat 1 cent, so treat any transfer upside as a bonus rather than the baseline — see what your points are really worth.
Pros and cons
- No annual fee
- 3% on dining and food delivery, 2% on groceries
- Open to anyone, no membership required
- 3% on SoFi travel
- Only 1% outside its food categories
- No standing welcome bonus
- Best value requires redeeming into a SoFi account
The welcome bonus
There is no standing welcome bonus; offers vary by applicant. Not a dealbreaker for a free card, but worth knowing.
First-year value vs ongoing value
| Welcome bonus | No standing welcome bonus (offers vary by applicant) |
| To earn it | No minimum spend |
| Est. first-year value* | $412 |
| Est. ongoing value / yr* | $412 |
There is no lump-sum welcome bonus, so first-year and ongoing value are about the same, roughly $412 a year on typical spending after the fee. What you see is what you get from day one.
*First-year value counts the welcome bonus, estimated rewards, and annual credits, minus the annual fee; ongoing value is a typical year after. Every point at a flat 1 cent, on average spending.
Statement credits
This card does not come with recurring statement credits. Its value is in the rewards rate and welcome offer.
Who should get it, and who should skip it
If food is a big part of your budget and you like that anyone can get it, the Everyday Cash Rewards is a good free card, the 3% dining and 2% groceries add up.
If your spending is more general, a flat-rate card or a broader category card may serve you better. But for the food-focused, this is a nice open-to-all option.
Alternatives to the SoFi Everyday Cash Rewards Credit Card
Pairs well with
The SoFi Everyday Cash Rewards Credit Card earns the most in its bonus categories, so pair it with a no-fee flat-rate card to cover everything it only earns a base rate on.
Frequently asked questions
Best-card guides featuring this card
Learn more
How does it rank for your spending?
Every card is ranked by what it actually returns on the way you spend. Run your numbers and see where the SoFi Everyday Cash Rewards Credit Card lands.
Calculate My CardOffer details verified against issuer sources as of October 2026. Editorial opinions are our own. Cardocrat values all points at a flat 1 cent and never inflates redemptions.
