SoFi Credit Card vs Wells Fargo Active Cash 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.
Wells Fargo Active Cash Card
Earn unlimited 2% cash rewards on purchases. Earn a $200 cash rewards bonus when you spend $500 in purchases in the first three months. 0% intro APR for 15 months on purchases and qualified balance transfers (subject to either $5 or 3% of the amount of each balance transfer, whichever is greater).