SoFi Technologies, Inc. has announced the introduction of two new credit cards: the SoFi Everyday Cash Rewards Credit Card and the SoFi Essential Credit Card. This expansion is part of SoFi's strategy to meet a variety of consumer credit needs and enhance its financial services portfolio.
The SoFi Everyday Cash Rewards Credit Card is aimed at consumers who prioritize earning rewards on daily expenses such as dining and grocery shopping. It offers 3% unlimited cash back on dining, including delivery services like DoorDash, UberEats, and Grubhub; 2% cash back on grocery purchases; and 1% on other eligible purchases.
Meanwhile, the SoFi Essential Credit Card focuses on helping users build or improve their credit scores without incurring annual fees or foreign transaction charges. This card reflects SoFi's dedication to assisting individuals in managing their finances effectively.
"We want to be there for the biggest moments in our members’ lives and everything in between," stated Anthony Noto, CEO of SoFi. "Expanding SoFi’s credit card offering enables us to better serve more people’s spending and borrowing needs."
Further information about these new offerings can be found on SoFi's website.
SoFi is known for providing digital financial services with a mission to help its nearly 8.8 million members achieve financial independence through various products such as lending, investing, and savings solutions.