SoFi Credit Card Hack

Here’s another great cashback card with a hack we’ll show you in a moment. You can get up to 3% back. However it is technically a 2% cashback card. This SoFi credit card is a popular card.

There’s a battle when it comes to credit cards in cash. One percent was there for a while, and that wasn’t very many people, and it was the one and a half percent card. Now there’s a couple with two percent – the Sofi card (or Sophie card, not sure what they call it) has two percent cashback. It’s also no annual fee, and most importantly, because I’m not a big fan of rotating categories and having to figure out if this is the right card for the bank, for the gas station, or for groceries – it’s two percent cashback on every category, everything you purchase. There’s also the ability to get three percent cashback in the first year, up to twelve thousand dollars.

What they make you do is open a checking account with them. Easy enough. I believe it has zero fees, although there may be some qualifications to that. Then they want a direct deposit every month. Now, they also specify that it’s a direct deposit from payroll, from your employer. So, it’s not just setting up a direct deposit from any account like some other cards allow. It means it has to come from your employer. Why do they do that? Well, they figure that if you dump all of your employment money, your salary, in there every month, then you’re going to start using that card and their checking account for all your expenses, and you’ll basically move all your business to them. However, you don’t have to do that. You can tell your employer to send some of the money to this bank and some to that bank. As long as it comes from the employer, it meets the requirements.

So, you can get three percent back for the first year, just up to twelve thousand dollars. So, you’ll get an extra 120 dollars on that first twelve thousand dollars. Normally, you would get 240 dollars; you’re gonna get 360 dollars. Take a look at the Sofi cashback card. It’s worth it for a two percent back to keep that in your rotation of cashback cards. And if you want to set it up this way, you can get that extra three percent up to twelve thousand dollars for the first year.

Take a look at all the videos we’ve got because we’ve got hacks on a lot of different credit cards. Thank you.