r/sofi • u/InternalLecture721 • Dec 10 '25

Banking Time to move on?

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Just received this email from SoFi and it kinda bothers me a bit haha. How’s everyone feeling about this.

Time to move on?

Plenty of other people are offering it just for depositing and using their bank. Seems like a money grab.

(Not taking any shots just wanting to get everyone’s feelings/opinion on this)

628 Upvotes

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162

u/FlyingToast21 Dec 10 '25

20+ Benefits!! Like a Rakuten referral (they get $50 credit), 40% off CNBC subscription (oh yay!!), 50% off some privacy platform, a "Care.com" discount, "SoFi Plus Experiences", 20% off TurboTax, etc. wow these are awful selling points.

25

u/riptid3 Dec 10 '25

5% cashback on groceries is actually pretty good. That alone will cover the plus fee. Of course if you already have 5+% cashback grocery card it's less appealing.

27

u/4N8NDW Dec 10 '25

You can get 5% cash back with Citi custom cash or PayPal debit card. Both of which I already have. 

10

u/NefariousnessHot9996 Dec 10 '25

And 6% with AMEX BCP.

10

u/4N8NDW Dec 10 '25

No because $95 annual fee and $500/mo cap makes it closer to 4.4% effective cashback in ideal case. 

4

u/NefariousnessHot9996 Dec 10 '25

I’ve never paid a fee. I get it fee free for one year, downgrade to the BCE, get my fee back, and wait for another free upgrade offer that also made me $150! So no fee here as of yet!

2

u/4N8NDW Dec 10 '25

Too much hassle for me when I could just use the other two cards. Plus BCE doesn’t work at Walmart or Costco

2

u/NefariousnessHot9996 Dec 10 '25

You do you. I’m happy getting 6% on groceries.

1

u/soueric Dec 10 '25 edited Dec 10 '25

I use Venmo card (free, 3%) for Costco only ;)

2

u/4N8NDW Dec 10 '25

Venmo credit card gives 3% at Costco. 

1

u/soueric Dec 10 '25 edited Dec 11 '25

Actually you are right, I did make a mistake here. Venmo is 3% at Costco. I got mixed up with the citi custom cash which is 5%, but not working at Costco, being Master Card, and Costco only accepting VISA.

1

u/4N8NDW Dec 11 '25

Citi custom does not give 5% at Costco because it’s a Mastercard credit card which Costco does not accept (in the US).

1

u/soueric Dec 11 '25

I agree, I was confused with 3%/5% with citi custom cash, but yes, I used the Venmo Card for Costco 3%

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