SoFi Offering 10% Off Groceries & Subscriptions

I love SoFi.

Customer service is great, too.

This promotion is awesome, thanks for the heads up!

Do I have to process the transaction as a debit (use PIN) or credit to trigger the 10% cash back?

I've been avoiding SoFi for a while. A long time ago my wife had a significant student loan and they constantly advertised how they were the 'good guys' of the student loan industry / disruptors and they would lower our interest rate, etc.

When they found out that her student loan > income, they decided that they weren't the good guys anymore. No loan even with cosigner. (That's really a microcosm of everything wrong with America: you only get help if you have the means to help yourself.)

We've since paid her loan off, but it definitely left a distrust for the organization. I'll reconsider at some point... but it will have to be more compelling than a few percentage points better.

@Andrew agreed. When I initially looked to refinance my Student Loan, they deemed that my graduate school wasnt on their "approved list" of schools. It wasnt Stanford or Harvard, but it was very well respected and highly ranked. And were incredibly rude about their reasoning and in conversation, there was an utmost arrogance. Then they had the nerve to routinely personally contact me for other personal loan and credit options.

A buddy of mine works for an ad agency that handles their media buying. The SoFi team was boasting in an early meeting about their criteria and how flawless their vetting was. He mentioned "a friend" that was looking to refinance and rattled off my stats, and they glowlingly responded that "its sounds like one of our ideal candidates, he should apply!"...then he hit them with the truth and they got quiet.

So many other companies that are more worthwhile IMO

They recently changed their ATM reimbursement policy such that accounts opened after June 9 will only have free ATM access with the Allpoint network, not worldwide ATM reimbursement. It’s in the bottom fine print of the Sofi.com/money page.

JWags - sorry to hear that. That's terrible sales. Same boat here for my wife's degree: top 20 school. Took them < 24 hours to reject with no meaningful explanation or appeal option.

We were fortunate to inherit some money, so we paid off the entire student loan in a lump sum.

As a result, SoFi missed out on 2 years of interest-heavy payments and complete principal return. Flawless indeed. 😉

The privilege in these comments is astounding.

The article should be update to reflect that new accounts no longer have worldwide atm fee reimbursed. Only those that were grandfathered in. Considering most people signed up as alternative to Charles Schwab for ATM, don't want people signing up for the wrong reasons.