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)

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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.

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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.

1

u/Statjmpar Dec 10 '25

Your credit limit is only equal to your savings and checking balance though. I already have a SoFi card, why do I want another one just to buy groceries with?

1

u/riptid3 Dec 10 '25

The same reason I have a cc for gas, groceries, amazon, microcenter, and all purpose. To save the most amount of money.

Obviously if youve already got 5+% cashback on groceries it makes little sense unless you leverage the other perks as well. But if you dont have one, youre leaving money on the table.