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Targeted Discover Savings Bonus

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Targeted Discover Savings Bonus

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Swagbucks SoFi Bonus Offer

A couple of weeks ago I introduced some of you to the Swagbucks program. At the time it was because they had a deal where you could get free credit card spend every single day. That offer has ended for the time being (I'll let you know when it comes back) but there is a new Swagbucks SoFi bonus offer. This could get you up to $200 in bonuses between the two offers. There is also another bonus, or three, that you can snag once you are in the SoFi program. If you don't have a Swagbucks account yet, here is Our Swagbucks Referral link ($10 Bonus).

I should note that people sometimes have issues with tracking on Swagbucks. I have personally only had it happen once and a support ticket corrected it. Your mileage may vary though.

UPDATE 2/15/23

A couple of updates for everyone. I did end up seeing a referral bonus post to my account so it appears things are working as they should although I think the 7 day timeline is a bit short. Or maybe it is 7 business days. I would give it 2 weeks after the loan being funded if you are referring a significant other etc.

Another thing I wanted to point out came up after reader Carrie A and I have going back and forth a bit on the loan offer. She reached out to SoFi to see how they pay out the offer and they said you have to have a SoFi Checking or Savings account for them to deposit the referral bonus into. I am not sure if that rep was 100% accurate there but it may be best to open an account if chasing the loan offers. There is a bonus for the checking and savings account right now, based on direct deposit amounts. It could end up being a good double dip. Here is a link to the offer.

It seems like current account holders are good for this one too. It is annoying how SoFi switches the terms around depending on which product you are going for.

Eligible Participants: All new and existing members without a history of direct deposit transactions into their SoFi Checking and Savings account are eligible for the Program.Members who previously enrolled in direct deposit into either SoFi Money or SoFi Checking and Savings do not qualify for this promotion.

UPDATE 2/7/23

There was something brought to our attention that we wanted to update you on. It appears that SoFi has updated their terms since we last did the loan offer so picking the order for these deals matters now. If you weren't going to do the loan offer, and just wanted to do the Swagbucks deals you should be okay. For the loan offer, they are saying it is for new SoFi members only, not just new to loans like in the past. That means you should do that offer first. Here are the terms:

Any person referred to a SoFi loan, SoFi Checking or Savings account, or SoFi Credit Card may not have an existing registered SoFi account. A person referred to a SoFi Invest account or SoFi Digital Assets account (for crypto) may have an existing SoFi registered account.

Further, in order for the Eligible Loan Recipient to receive their Loan Welcome bonus for a SoFi Personal Loan, the loan must still be an active loan in good standing ninety (90) days after the disbursement date. Offer not available to residents of Vermont or Ohio.

I reached out to SoFi to get a timeframe on when the bonuses should post. Here is what they said:

The person who referred should recieve their bonus 7 days after funding and the person who was referred would receive theirs 90 days after funding

Best Order For These Offers

Since you can have a previous account for the Invest and Crypto offers per the terms, plus these bonuses are coming from Swagbucks, I would do the loan offer first for you and player 2 (if doing the referral chain) first. Then I would the investment offers later. We don't know how enforcement is on this new rule, or if it works like it did in the past in reality, but I would play it safe.

What Are Swagbucks?

Swagbucks is a website but it is also a currency. When you complete tasks on the site you earn Swagbucks. These are worth at least 1 cent a piece and can be redeemed towards 3rd party gift card, virtual Visa gift cards and even PayPal cash outs. I say they are worth at least 1 cent a piece because once a month you can redeem 2,200 Swagbucks towards a $25 gift card, making them worth 1.14 cents each for those redemptions. This works on the virtual Visa cards, as well as, popular brands like Amazon. They will also run sales on different brands sometimes giving you a chance to cash out at rates better than 1 cent. Home Depot cards were one such example.

SoFi Invest Offer On Swagbucks

There are two offers for SoFi Invest on Swagbucks right now. I believe that you should be able to do both too, but more on that below. SoFi is a fintech company that offers investment accounts, personal and student loans plus a money / checking like account. It was all the rage a few years back when they offered fee free ATMs anywhere in the world on their money accounts. They have since ended that unfortunately.

I want to focus on the two SoFi Invest offers on Swagbucks though. I would start with the larger offer first in case these don't stack. This is only available to new SoFi Invest customers.

SoFi Invest Swagbucks Offer

You can get 15,000 Swagbucks, worth at least $150, for doing the following:

  • Click through the Swagbucks link to SoFi
  • Open a SoFi Invest account
  • Deposit at least $50 into the account
  • The Swagbucks award will show pending for 32 days before it posts
    • Allow up to 5 days for it to appear in your pending section on Swagbucks
  • It is best to use the same email you use on Swagbucks on the SoFi account
Terms of the Offer:

This is a paid advertisement and Swagbucks receives a fee from SoFi for products obtained. Must deposit at least $50 to earn SB. SB will appear as Pending for 32 days. Must enter valid sign-up information, including social security & funding information to earn SB. Funds must stay in your account for a minimum of 30 days. Early withdrawal subject to SB award being revoked. Must be a new user to SoFi Invest. Existing SoFi Invest and Crypto accounts are not eligible to earn SB.

I don't see anywhere where it says you need to actually invest the $50 but it may not be a bad idea to do it just in case. I would leave the money in your SoFi Invest account until the bonus posts even though it says only 30 days in the terms.

SoFi Crypto Swagbucks Offer

You can earn 5,000 Swagbucks for the following Crypto offer:

  • Deposit and trade $10 or more in crypto
  • The Swagbucks award will show pending for 32 days before it posts
    • Allow up to 5 days for it to appear in your pending section on Swagbucks
  • It is best to use the same email you use on Swagbucks on the SoFi account
Terms of the Offer:

This is a paid advertisement and Swagbucks receives a fee from SoFi for products obtained. Must deposit and trade at least $10 to earn SB. SB will appear as Pending for 32 days. Must enter valid sign-up information, including social security & funding information to earn SB. Funds must stay in your account for a minimum of 30 days. Early withdrawal subject to SB award being revoked. Must be a new user to SoFi Crypto. Existing SoFi Invest and Crypto accounts are not eligible to earn SB.

The terms are a bit confusing since it says must be a new SoFi Crypto user and then says existing SoFi Invest customers are not eligible. I feel like they are looking at just if you have had Crypto before, plus that is how it has worked in the past. Because of that I think you can earn both offers but I can't guarantee that (even though I did just that in the past). That is why I would do the $150 offer first and then throw $10 and a little time at the Crypto one.

Other SoFi Deals

If you decide to go after this deal, and now have a SoFi account, there are some other good offers to look at in their program. Even if you don't want to go after the Swagbucks offers these may make sense for you.

Loan offer

SoFi Personal Loan / Student Loan

There is a nice referral offer for refinancing student loans or personal loans with SoFi. If you have an account you can refer your spouse or significant other (Player 2 or P2). You would each get $300 for signing up for a personal loan, or refinancing student loans. That is $300 for the referrer and $300 for the person grabbing the loan, huge! If you go the student loan route then make sure the interest is a better deal etc. than what you already have. Same thing for a personal loan if you are replacing one.

What others have done though, is treated this as a bank bonus. They have signed up for the $300 offer, or $600 if referring a P2, and then paid the loan off early once the bonus posted. There was never an early payoff penalty in the past, but be sure to double check the terms before signing up. You may have to pay a little interest but you should still clear a nice chunk of change.

If you need a referral to get you started here is my SoFi Loan referral. Thanks in advance if you use it. If you do it back and forth you could make $900 – $1200 in bonuses and referrals in a two person system. Since this is a personal loan it shouldn't count against your Chase 5/24 count either.

SoFi Bank Offer

There is also a SoFi Bank account offer. This account is currently offering up to 3.75% APR and you can earn up to $250 if you hit their direct deposit requirements. If you direct deposit $1000 – $4999 within 25 days you get a $50 bonus. If you direct deposit $5000 or more you get a $250 bonus. That may be too much of a pain for people and is why I put it last. Here is a link to the offer.

Swagbucks SoFi Bonus Offer: ToP Thoughts

That is a lot of offers stacked between two programs. Some you need to use the Swagbucks program for and other are just a part of SoFi. If you took advantage of all of them you could see $750 in bonuses, or well over $1,000 in a two player system. That is the extreme example for sure, but I think each household should be able to pick up several hundred dollars without breaking a sweat.

I'll keep sharing the best Swagbucks deals as they come up, if you need to sign up for an account please use Our Swagbucks Referral link ($10 Bonus).

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