Pay with Your SoFi Money Debit Card and Save 10% on Groceries and Streaming Services

We’ve written a number of posts on SoFi and its SoFi Money program. If you’re not familiar with SoFi, click the link above to read our introductory post.

In past promotions, when using the SoFi Money debit card to pay, you’ve been able to save on Lyft rides, purchases at select retailers and for targeted SoFi Money customers, Netflix subscriptions.

Now SoFi is back with savings offers for all SoFi Money customers in the form of 10% cash back, up to $100, when you use the SoFi Money debit card to pay for the following services.

• Streaming services: Netflix, Disney+ and Spotify.
• Groceries: Whole Foods, Trader Joe’s and Instacart.

This 10% cash back promotion will run for the next three months – 7/1/2020 – 9/30/2020 to be specific.

The 10% cash back will be paid as a credit to your SoFi Money account equal to 10% of the transaction charges to your SoFi Money debit card. And, as mentioned above, is limited to $100 in total cash back credits.

Want to Join SoFi Money?

If SoFi Money and these money-saving offers are of interest to you, the account referral link below can provide an added $25 when you sign up using the link.

Once your account is set up, simply deposited $500 or more and the $25 will automatically be added to your account.

True, $25 isn’t a huge sign-up bonus, but it’s what SoFi’s offering at the moment.

We have seen larger sign-up bonuses in the past, but they’re usually accompanied by more stringent deposit requirements. If you want to sign up now, a free $25 isn’t too bad.

Below is my referral link for SoFi Money accounts.

SOFI MONEY ACCOUNT REFERRAL LINK

If you want more information on SoFi, we’ve published a few posts on SoFi Money, its associated benefits and changes to the program that may be of interest.

*Important Note: It appears SoFi has made a change to its Money Card cash back deal program that requires new accounts…including those set up after June 9, 2020…to have $500 in monthly deposits to take advantage of the cash back deals.

Keep this new requirement in mind if you’re considering signing up for a SoFi Money account to take advantage of the debit card cash back deals.

Wrap Up

SoFi Money is a cash management program that may be beneficial for those looking for an alternative to traditional financial institutions.

SoFi Money isn’t as lucrative as it used to be as a result of the Federal Reserve Bank’s lowering of interest rates which resulted in SoFi’s interest payments on deposited moneys dropping from 1.60% to the 0.10% range.

But, the program does still offer benefits – such as the money-savings opportunities associated with streaming services and groceries – that make it worthy of consideration. As long as you’ll be meeting the minimum monthly deposit amounts, that is.