Update 8/31/25: Rakuten increased again, up to $75 now. (ht Pickle Rick and Prologer)
Update 8/27/25: Rakuten increased now from $25 to $50 (ht Niko)
The Offer
SoFi link | Rakuten link | (Swagbucks link)
- SoFi is offering 5,000 points ($50) when you enroll in SoFi Plus and keep it for 90 days.
- Rakuten is offering $25/2,500 when you click through and sign up for SoFi Plus.
When clicking through the Rakuten link it directs me to the page showing the $50 bonus, so these two offers would appear to stack.
SoFi Plus is free with a direct deposit of any amount, or you can pay $10/month for SoFi Plus.
The Fine Print
- All new and existing members who have not previously enrolled in this Promotion are eligible to earn a bonus of 5,000 SoFi rewards points (the “Bonus”) (equal to $50) when they (i) enroll in SoFi Plus, either by paying the SoFi Plus Subscription Fee or by receiving an Eligible Direct Deposit into their SoFi Checking or Savings account, and (ii) maintain their SoFi Plus membership for at least 90 calendar days.
- The SoFi Plus Welcome Offer Promotion will begin on 5/9/2025 at 12:01AM ET and end on 12/31/2026 at 11:59PM ET
- In order to qualify for the Bonus, the user must (i) click on the link in the promotional communication, (ii) enroll in SoFi Plus either by paying the SoFi Plus Subscription Fee or by receiving an Eligible Direct Deposit into their SoFi Checking or Savings account within 45 calendar days of clicking the promotional link, and(iii) maintain their SoFi Plus membership for at least 90 calendar days. The user will have 135 calendar days from clicking on the promotional link to complete all required actions. This offer cannot be combined with the SoFi Plus referral offer.
- SoFi will disburse the Bonus to the member’s SoFi rewards account within seven (7) business days of completing all required actions.
- Bonuses are considered income and may be reportable on IRS Form 1099-INT or Form 1042-S as applicable.
Our Verdict
Even if you’ll pay the $10 SoFi Plus monthly fee for three months you should still come out ahead. This deal is especially interesting for someone who wants to join SoFi Plus by setting up a direct deposit for at least 90 days in which case there is no costs involved.
If you’re new to SoFi entirely, I’d recommend waiting until Wednesday (7/30/25), then signing up for the $400 Rakuten + $300 SoFi offer, and then, after setting up your SoFi non-Plus account, go back and click through Rakuten to set up the Plus account with the $50+$25 bonus. Hopefully this all stacks together.
Hat tip to reader Temporary Name
