Update 7/6/26: No longer requires SoFi Plus? Hat tip to reader tim
SoFi has launched a new charge card called the SoFi Smart Card.
- Card earns unlimited 5% back on Grocery Stores.
Card has no annual fee, but requires having SoFi Plus membership which costs $10/month (there’s no longer a free option), so effectively it’s like a $120 annual fee.- I guess there are no rewards on non-Grocery spend, but not entirely clear. (Update: Others are saying 1% base-earn for non-grocery, though I can’t find where it says that clearly.)
- Let us know if there’s anything else we are missing.
This is separate from the older SoFi credit card which earns 2%/2.2% everywhere.
