(EXPIRED) SoFi Money: Earn 10% Cashback On Up To $500 Spend At Whole Foods, Trader Joe’s & Instacart

The Deal

• Earn 10% cashback as a statement credit when using your SoFi Money debit card when paying for the following:
  • Whole Foods
  • Trader Joe’s
  • Instacart
  • Netflix
  • Disney+
  • Spotify
• My referral link (you’ll receive a $25 signup bonus when signing up with my link and depositing $500; I’ll receive $50 as a referral bonus).

Key Terms

• SoFi Money Grocery Cash Back Program:
  • Qualifying SoFi Money Members are opted into the Program by using their SoFi Money debit card to make a purchase at an Eligible Merchant.
  • Promotion Period: The Program will be available for a three-month term between 7/1/2020 at 12:01AM PT and 9/30/2020 at 11:59PM PT.
  • Eligible Participants: The Program is open to all SoFi Members with a SoFi Money account with $500 in monthly deposits or more, or an account that was opened prior to June 9, 2020, who reside within the United States.
  • Eligible Merchants: WholeFoods, Trader Joe’s, and Instacart.
  • Eligible Transactions: Any in-store purchases (excluding purchases made with Instacart) made with Eligible Merchants using a SoFi Money debit card and posted during the Promotion Period are eligible for Cash Back under the terms of the Program.
  • Cash Back Terms: For each Eligible Transaction posted during the Promotion Period, Members will receive a credit to their SoFi Money account equal to 10% of the transaction charge (“Cash Back”). A) Cash Back earned will in each case be rounded up to the nearest cent. B) Cash Back credits may take up to 14 business days after the eligible transactions are posted. C) There is a maximum aggregate cap on Cash Back bonuses of $50 per Member for this Program.
  • 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.
• SoFi Money Subscription Cash Back Program:
  • SoFi Money Members who wish to participate in the Program are required to opt-in by adding their SoFi Money debit card to their merchant subscription account and using it to make ongoing subscription payments to Eligible Merchants. You may register your SoFi Money debit card with multiple Eligible Merchants.
  • Promotion Period: The Program will be available for a three-month term between 7/1/2020 at 12:01AM PT and 9/30/2020 at 11:59PM PT.
  • Eligible Participants: The Program is open to all SoFi Members with a SoFi Money account with $500 in monthly deposits or more, or an account that was opened prior to June 9, 2020, who reside within the United States and subscribe to a product or service offered by an Eligible Merchant.
  • Eligible Merchants: Disney+, Netflix, and Spotify.
  • Eligible Transactions: Ongoing monthly subscription payments with Eligible Merchants, using a SoFi Money debit card and posted during the Promotion Period, are eligible for Cash Back under the terms of the Program.
  • Cash Back Terms: For each eligible transaction posted during the Promotion Period, Members will receive a credit to their SoFi Money account equal to 10% of the transaction charges to their SoFi Money debit card (“Cash Back”). A) Cash Back earned will in each case be rounded up to the nearest cent. B) Cash Back credits may take up to 14 business days after the eligible transactions are posted. C) There is a maximum aggregate cap on cashback bonuses of $50 per Member for this Program.
  • 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.

Tips & Ideas

Although this deal is being marketed as up to $100 cashback, it’s up to $50 cashback at the eligible grocery stores and up to $50 cashback for the eligible streaming services. I’m not aware of a gift card play for Netflix, Disney+ or Spotify when paying them directly, so grocery stores are the more interesting option from that perspective.

I never shop at Whole Foods or Trader Joe’s, but I believe both chains sell gift cards – I’m not sure how extensive their gift card racks are though. You’ll max out this offer when spending $500 which makes it easy to max out in one transaction.