SoFi Plus features vs free tier
- Plus: Higher APY on SoFi Savings (rate boost on top of free tier)
- Plus: 1% cash back on SoFi credit card (vs 0.5–1% free tier)
- Plus: Career coaching and financial planning sessions
- Plus: Rate discounts on new SoFi loans
- Free: All core banking, investing, loans, and insurance products
Refund policy
SoFi does not offer prorated refunds for the current SoFi Plus billing period. If you were charged in error, contact SoFi support at 1-855-456-7634 within 30 days.
Frequently asked questions
- Does canceling SoFi Plus close my SoFi account?
- No. Your SoFi checking, savings, invest, and loan accounts all remain fully active after canceling Plus. Plus is just the premium subscription tier.
- Is SoFi Plus worth $9.99/month?
- SoFi Plus is worth it mainly for the higher savings APY (if you keep a substantial balance) and the career coaching sessions. If you have direct deposit of $1,000+/month, you may qualify for free Plus - check first.
- What happens to my SoFi loan rate discount if I cancel Plus?
- The rate discount applies to new loans taken out while you're a Plus member. Existing loans are not affected by canceling Plus - your existing loan rate stays the same.