SoFi Will Pay You $10 Just to Check Your Credit Score

If you're looking for a quick and easy way to earn a little extra cash, SoFi has a simple offer: get $10 in rewards points just for setting up their credit score monitoring. It's a no-brainer if you're new to SoFi and want to keep tabs on your credit without paying a cent.

What's the Catch?

There's really no catch, but you need to be a new SoFi user. If you already have a SoFi account, this offer isn't for you. Also, you have to actually complete the setup of credit score monitoring—not just sign up and forget about it.

Once you've done that, the $10 in rewards points will be credited to your account. You can then use those points toward an active SoFi account, like their checking or savings. So it's not cash in your pocket right away, but it's still free money to use within SoFi's ecosystem.

Why Bother with Credit Monitoring?

Even beyond the bonus, keeping an eye on your credit is a smart habit. SoFi's credit score monitoring gives you access to your score without any impact—so you can check as often as you like. You'll also get actionable insights to help you understand what's affecting your score.

And here's a little extra: SoFi rewards you with points every time your score goes up by five points or more. So not only do you get $10 for signing up, but you can keep earning just by improving your credit over time.

Beyond the Bonus: SoFi's Free Financial Toolkit

SoFi isn't just about credit scores. Once you're in, you get access to a bunch of free tools to manage your money all in one place. You can set budgets, categorize spending, and keep track of upcoming bills. There's also property tracking to see how your home value changes, a debt summary to organize what you owe, and a portfolio view to monitor all your investments in one glance.

If you're someone who likes having a clear picture of their finances, these tools are a nice perk—and they don't cost anything extra.

What to Watch Out For

Before you jump in, keep a few things in mind. First, this is only for new SoFi users. If you've opened a SoFi account before, even if it's inactive, you won't qualify. Second, the bonus is in rewards points, not cash. You'll need to have an active SoFi account to redeem them, so make sure you're comfortable with that.

Also, SoFi can change or cancel this offer at any time, so don't wait too long if you're interested. And as always, read the fine print—terms and conditions apply, and the offer is non-transferable and limited to one per person.

Bottom Line

• Free $10 in rewards points for new SoFi users who set up credit score monitoring.
• Credit monitoring is free and won't hurt your credit score.
• Earn additional points every time your score increases by 5+ points.
• Bonus is only available to new users; existing SoFi customers don't qualify.

Common Questions