SoFi Supercharges its Debit and Credit Cards with Mastercard

SoFi and Mastercard to Offer Top-of-the-Line Benefits and Technology to SoFi Members  
SAN FRANCISCO – January 23, 2020 – SoFi, the digital personal finance company, and Mastercard today announced a multifaceted partnership to offer a suite of products and in-person experiences to its nearly one million (and growing) SoFi members.
The partnership will initially focus on the SoFi Money™ debit card, for which Mastercard will now be the exclusive card network. The card is one way to spend with the SoFi Money cash management account – unveiled last year – which offers no account fees, high-yielding interest, ATM fee reimbursements, mobile check deposit, P2P, and other digital tools. Under the new debit program, added member benefits will include cashback rewards, complimentary cell phone insurance, discounted airport concierge services, and much more.
“Our mission at SoFi is to help our members achieve financial independence to realize their ambitions. In order to do so, we must build products and services that help our members Get Their Money Right,” said Anthony Noto, CEO of SoFi. “It is imperative that our partners are leaders in technological innovation, security, and enhanced benefits, and Mastercard is an industry leader across all of those areas.”
With Mastercard, SoFi will leverage the payments network to develop new products, benefits, and experiences for its members. As part of the new partnership, Mastercard will also be the exclusive card network for SoFi’s upcoming credit card product. Members holding certain SoFi and Mastercard products will be able to take advantage of an enriched fan

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