(EXPIRED) [Targeted] SoFi: $5 back on $20 spend on debit card

If you have a SoFi Money debit card that you haven’t used in the past 90 days, SoFi has launched a promotional offer to get $5 back when you spend $20+ on the debit card. My wife hasn’t used her SoFi debit card in a long time and received this offer today with the subject line, “We miss you, [Name]! Get $5 back after your next purchase.” The terms indicate that SoFi Money Members that have not used their SoFi Money account to make a purchase in the last 90 days are eligible.

The Deal

• SoFi has sent a targeted email to some account holders with an offer to earn $5 cash back on a purchase of $20+ with the SoFi debit card by 3/31/21
• Subject line of the email says, “We miss you, [Name]! Get $5 back after your next purchase.”

Key Terms

• Minimum purchase of $20 to earn $5 cash back
• SoFi Money Members that have not used their SoFi Money account to make a purchase in the last 90 days are eligible.
• Promotion Period: The Program will be available between 3/15/2021 at 12:00 AM PST and 3/31/2020 at 11:59 PM PST.
• Eligible Participants: Participation in the Program is open to all SoFi Money Members that have not used their SoFi Money account to make a purchase in the last 90 days.
• Eligible Transactions: All purchases of $20 or more using a SoFi Money account via debit card or digital wallet, and posted during the Promotion Period, are eligible for the $5 bonus under the terms of the Program.
• P2P transfer transactions (e.g. Venmo/Paypal/Square) and wire transfer transactions are excluded.
• Cash Back Terms: For any Eligible Transaction of $20 or more posted during the Promotion Period, Members will receive a $5 credit to their SoFi Money account.
• Cash Back credits may post up to 5 business days after the eligible transactions are posted.
• SoFi is not liable for payment delays caused by named merchants or any third-party vendors.
• SoFi reserves the right to exclude any Members from participating in the Program for any reason, including suspected fraud, misuse, or if suspicious activities are observed.
• SoFi also reserves the right to stop or make changes to the Program at any time.

Quick Thoughts

This is a relatively small offer, but five bucks is five bucks. At the very least, we could use Fluz. Keep in mind that person-to-person payments are excluded. I don’t actually see anything that excludes money order or bill pay transactions, though on the other hand it should be easy enough to use this organically.

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