Mastercard and SoFi will develop new products, benefits, and experiences
Mastercard partners digital personal finance company SoFi to offer a number of new products and in-person experiences to SoFi members.
The partnership will initially focus on the SoFi Mone debit card, for which Mastercard will become the exclusive card network. The card is one way to spend with the SoFi Money cash management account, launched in 2019. It offers no fees, ATM fee reimbursements, mobile check deposit, P2P, etc. The new debit program includes cashback rewards, complimentary cell phone insurance, discounted airport concierge services, and much more.
Along with that, those members holding particular SoFi and Mastercard products will have the possibility to experience more benefits at SoFi Stadium, opening in Los Angeles, CA later in 2020.