Is the SoFi Credit Card the ULTIMATE 2% Cash Back Card – The Credit Shifu

by YouTube Team

The SoFi card has you covered for all your holiday shopping. Apply and get approved for a chance to win $20-$20K in SoFi Rewards points ➡️ No purchase necessary to play or win. Void where prohibited. Game ends 11/29/21. See for Official Rules.

The SoFi credit card could just be the best 2% cash back card out there, it totally blows the citi double cash and others away. You can earn 2% back on all your spending in the form of cash, cryptocurrency or paying down a SoFi loan balance. There are also no foreign transaction fees and the card provides cellphone insurance.

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37 comments

Chan Doe November 16, 2021 - 7:24 pm

In 2022 I'm getting this card to support SoFi (I own shares) and to use the benefits at SoFi Stadium. Thx for the video.

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Dannee Boy November 16, 2021 - 7:25 pm

Recently got it, I love it =) Started me off with a 10K limit =)

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Onur Demirci November 16, 2021 - 7:42 pm

Yes, it is true that there is no transaction fee for crypto but their crypto prices are different than the other exchanges so they will make up for that difference in the end; so you will pay for it somehow. FYI.

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Alex Jefferson November 16, 2021 - 8:08 pm

Can redeem in Bitcoin or Eth, then exchange it into other cryptos

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Kovu Kumel November 16, 2021 - 8:09 pm

The only disadvantage with this card for crypto is that you cannot withdraw crypto from SoFi directly – you would have to sell it and transfer USD out. So if you just intend to HODL for a long time it is fine. With BlockFi you can withdraw the crypto directly. Anyway, it is still a good card.

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Alex Libby November 16, 2021 - 8:17 pm

Credit warriors? More like kung foo warriors! YA HU-YA 😂 I'm a black belt in the credit card game

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QuikjFPV November 16, 2021 - 8:17 pm

There's really no bonus on this card, which makes you have to spend heavily on the card in order to get say…the $200 cash back bonus offered on the Wells Fargo Active Cash

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Matthew Chang November 16, 2021 - 9:22 pm

its a great card. I was pre-approved for this card when they first initially announced it. I took advantage of it and got a five figure credit line. this is one of my catch all cards i swap into rotation with my other 2X cards. I've used the points to buy fractional stocks. if someone is looking for a good all around simple cash back card, this would be my top pick.

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some dude lmao November 16, 2021 - 9:47 pm

Was approved a couple days ago and got $1k SUB 😃

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Gonzalo Garcia Tunon November 16, 2021 - 10:02 pm

Hopefully the stock will raise after this video, so red today

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Luigi Medina November 16, 2021 - 10:39 pm

I have been considering getting this for my next credit card. Might get it, and also open a sofi account.

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arey256 November 16, 2021 - 11:12 pm

It’s my catch all card lol.

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naughtyorgneiss November 16, 2021 - 11:40 pm

I was skeptical but yeah it is better, nice review. Really the only one I think is better is the navyfed flagship visa at $49 af. Killer SUB, cell insurance, free amazon prime, 3% travel, trip protection, purchase warranty and protection, no ftf's etc. But I understand not everyone can get that.

Also, isn't the sofi debit card also 2%?

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Chase Yokoyama - Finance, but Make It Fun November 16, 2021 - 11:45 pm

Having a nice, all around 2% card is great to have in any wallet. Super easy to use and you get a solid amount of cash back.

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Jose Paz November 17, 2021 - 12:01 am

My everyday card

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Azman Narvik November 17, 2021 - 12:29 am

If I keep this card open for 30 months and keep paying off balance, then from the 31st month onwards I’ll get 0 APR for life? 🤔

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B4LLEN November 17, 2021 - 12:56 am

How do u compare it vs the Fidelity 2% Back Visa Card?

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David November 17, 2021 - 1:33 am

This is my main catch all card because of no foreign transaction fee and it’s got a PIN available so you don’t need to bring a debit card to some places in Europe

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spamwaits November 17, 2021 - 2:12 am

I've had this card for a year and it's been very nice to have for everyday purchases

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Marites Taylor November 17, 2021 - 6:09 am

Was just looking at there site. Fab video.

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ParadoxlnABox November 17, 2021 - 6:47 am

How is this better than the Amex Blue Business Plus that earns 2x MR points?

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Cesar Sandiford November 17, 2021 - 11:17 am

Great video shifu. Only two things that would make the card even better and top their competitors is a good sign up bonus ($200-$250) and Crypto Wallets. I own shares of SoFi and I love the company, The CEO, I've been a member of SoFi since 2019.

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Ajblue November 17, 2021 - 5:47 pm

Its a fine card but mostly only useful for rich people that will drop $10k purchases on the regular. Vs other cards that give 1.5% it takes a lot of spend for that extra half penny to make a difference, especially when you factor in the value of sign up bonuses from other cards.

Especially in this current market where you can pretty much identify every spending category that matters to you and find a 3-6% cashback card that will probably come with a $150+ signup bonus.

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Nando November 17, 2021 - 6:25 pm

Awesome sauce!!!! Just got approved for it. And although I didn’t win the Mil. I got 20 bucks 😬👍

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ZXC November 17, 2021 - 8:06 pm

Can you review the Capital Sparq Business 2% cash back Visa? If you apply for it in a branch there is no annual fee and no hassle of opening up other accounts. You can redeem your 2% cash back the day after it posts as a credit on your Visa. I opened the BOA 2.625% Visa but decided not to use it because it requires depositing $100K into a BOA account and the extra .625% isn't really worth it.

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Daniel Jordan November 18, 2021 - 3:10 am

I organized my wallet think I have my Amex gold for food my Costco for gas take out my Amazon one since I don't need it right now anymore since the promotion gas percentage went away. I need a good everyday credit card, open of YouTube and see this video. ITS A SIGN!

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Dayana Plays November 18, 2021 - 12:52 pm

Good stuff! 🚀

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Mr. Berry November 18, 2021 - 12:55 pm

SoFi Mastercard is definitely the best 2% cashback card. No foriegn exchange fees and investing accounts where you can buy fractional shares is big. A person can use it to funnel money into dividend etf QYLD, and pay themselves in a regular taxable brokerage account.

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Dallin Bunnell November 18, 2021 - 8:35 pm

Biggest downside is no welcome bonus.

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sudhisira November 19, 2021 - 9:21 am

Thanks but no thanks. If I wanted to throw money into the asset markets, I will do that on my own!

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bench of lemons November 19, 2021 - 1:42 pm

Is this an ad? I cannot tell

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Re3iRtH November 19, 2021 - 10:19 pm

Better than Citi Double Cash card?

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Nick Guastella November 20, 2021 - 1:21 pm

Blockfi now allows credits to be used for any crypto they currently offer. They also offer as high as 9% interest on stable coin and internet on all crypto coins compounds monthly.

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Tyrone Williams November 21, 2021 - 12:47 am

I got the sofi card a month ago SL $10K the best 2% cc

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Ethan Cross November 21, 2021 - 3:58 am

Another great advantage of this card is they do a soft pull to show you what credit limit and APR you are approved for. The hard pull only comes after you accept their offer.

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PinkGapple November 21, 2021 - 7:00 am

I only got 20$ from the globe 😭

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LeftOvers2Go November 26, 2021 - 9:41 pm

I'll be looking at this in the future. Right now I'm on the 5/24 jail.

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