SoFi Credit Card vs USAA Cashback Rewards Plus American Express Card 2023
In head-to-head competition, which of these rewards credit cards wins out? Here’s what each has to offer and how they fare when put to the ultimate test — the cash back you’ll earn for using them.
SoFi Credit Card
Earn 2 reward points for every dollar spent on eligible purchases. Redeem points at a rate of 1 cent per point if you elect to redeem as cash deposited into your SoFi Money account, as fractional shares into your SoFi Invest account, as cryptocurrency into your SoFi Active Invest account, or as a payment toward your SoFi Personal or Student Loan. Points redeem at a rate of 0.5 cents per point if you elect to redeem them as a statement credit into your SoFi Credit Card account.
USAA Cashback Rewards Plus American Express Card
Earn 5% cash back on your first $3,000 in combined gas station and military base purchases yearly, 2% cash back on your first $3,000 in grocery purchases yearly, and unlimited 1% cash back on all other qualifying purchases. Get a 0% APR for 15 months on balance transfers and convenience checks that post to your account within 90 days of account opening.