Sofi World Elite Mastercard®

Invest, save, trade, and pay down debt with the SoFi Credit Card

Updated: Sep 7, 2022

Advertiser Disclosure

Sofi Credit Card features no annual fee, World Elite Mastercard benefits including Mastercard ID theft protection, crypto rewards, and fast pre-qualification. The card also offers a $50 bonus for new cardholders and free smart budgeting and spending tools.




12.99% - 24.99% Variable



24 User Ratings

Sofi World Elite Mastercard®

at Sofi's Secured website

Apply Now

Introductory APR


Intro APR Period


Recommended Credit Score


Key Features

  • Get a $50 welcome bonus!
  • No annual fee
  • No foreign transaction fees
  • Get 2x points (4% cashback) on all purchases and redeem your earned points straight into crypto
  • Make 12 monthly on-time payments and get APR lowered by 1%
  • Online prequalification will not impact your credit score
  • Free spending and budgeting tools
  • Complimentary cell phone insurance coverage up to $1,000
  • Protect your personal information by detecting potential fraud
  • Exclusive offers on ride-sharing, food delivery, online shopping, and more

Our Take

Sofi credit card issued by The Bancorp Bank under World Elite Mastercard is designed to help achieve your financial goals. You can invest, save and pay a debt with it. The best part of it is that you can pre-qualify for it without affecting your credit score. The Sofi card has no annual fee, no international transaction fee, and offers 2% cash back rewards. If you cannot get the Sofi Credit Card you should try Sofi Money World Debit Mastercard which offers up to a $325 cash bonus and instant approval.

Sofi Credit Card Advantages

  • $50 Bonus – use the application link and get $50 in reward points toward your financial goals
  • No annual fee – say goodbye to the annual fee! There is no annual fee ever.
  • Unlimited cashback – get 2% cashback on all purchases when you redeem it to pay down eligible debt, invest, or save with SoFi.
  • Helps with your financial goals – lets you invest, save, pay your loan and reach your financial goal
  • Options to Lower APR – every 12 months when you pay on time every time your APR will be reduced by 1%.
  • Fast pre-qualification – applying online for the Sofi credit card does not affect your credit score.

Additional Perks and Benefits

  • DoorDash – get 3 months of free membership and $5 off your first order
  • Lyft – take at least 3 rides monthly and get a $5 credit every month.
  • HelloFresh – get up to 14 free meals and earn 5% cash back on all orders.
  • ShopRunner – get a free membership that includes free 2-day shipping.
  • World Elite Concierge – get complimentary 24/7 elite concierge service.

Sofi Credit Card Competition

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Basic Information
Issuer: The Bancorp Inc.
Network: Mastercard®
Category: Consumer (Premium)
Best Used For:
  • No Foreign Transaction Fee
  • EMV Chip
  • High Credit Limit
  • Pre-Qualification
  • Digital Cards
  • Crypto Card
Rewards: Yes
Reward Types:
  • Other Rewards
  • Universal Rewards
  • Crypto Back Rewards
Reward Units: Point
Rates & Fees
Regular APR: 12.99% - 24.99%
Regular APR Type: Variable
Annual Fee: $0
Balance Transfer: Yes
APR on Cash Advances: 26.99%
Grace Period: 25 days
Late Payment Fee: $39
Other Fees:
  • Minimum Interest Charge: $1.00
  • Late Payment Fee: Up to $39
  • Returned Payment Fee: Up to $39

Sofi World Elite Mastercard® Alternatives

Sofi World Elite Mastercard®

Sofi World Elite Mastercard®


Annual Fee


Regular APR


Intro APR


Rec. Credit Score


*The information provided for Sofi World Elite Mastercard® is believed to be accurate at the time of evaluation or recent update on September 7, 2022. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.

Sofi World Elite Mastercard®

Reviews - (1 User Reviews)
Share your experience and rate the Sofi World Elite Mastercard®
January 3, 2022
MW (56-65) - Cardholder
Income on Application
Credit Score
Good (670-739)
Credit Limit
Filed for Bankruptcy

Credit Limit

This card is backed by Bancorp which I am not 100% sold on. However, my reason for getting this card is it starts out with $1,000.00. So I was wanting another one with a higher limit. Because if I am approved for $1,000.00 then using 25% of that credit line means I am spending $250.00 which means I need either a higher credit limit or will have to use more than one card to balance out my usage. But Sofi gave me $5,000.00 credit limit which is what I needed because now I can spend up to $1,250.00 and still only be at 25%. So if I need a washer, dryer, new water pump, new lawn cutting device or what ever, I feel I can now get it. I think the key issue here is all about budgeting and never taking on more than you can handle.
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Sofi World Elite Mastercard®

Sofi World Elite Mastercard®

Rec. Credit Score: Fair

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