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Side-by-side

American Express Schwab Investor Card vs SoFi Everyday Cash Rewards

Both are well-respected travel cards. The American Express Schwab Investor Card comes from American Express at $0/yr; the SoFi Everyday Cash Rewards from SoFi at $0/yr. Below: side-by-side specs, an opinionated verdict, and the FAQs people actually ask before applying.

Bottom line

These cards are close on the fundamentals (similar bonus value, similar fee). The right pick depends on which category you spend the most in and which transfer partners best fit your travel goals.

FeatureAmerican Express Schwab Investor CardSoFi Everyday Cash Rewards
Annual fee$0$0
Sign-up bonus10,000 Membership Rewards pointsNone publicly advertised
Bonus value (est.)$110$0
Min spend to unlock bonus$1,000 in 6 mo$0 in 0 mo
IssuerAmerican ExpressSoFi
Card categorytravel
Best earning category (All_purchases)1.5x1x
Transfer partnersamex-mrNone
Headline benefits
  • 1.5X MR on everything
  • $0 annual fee
  • 1.0c/pt Invest with Rewards
  • Full MR transfer partners
    Read the full review
    American Express Schwab Investor Card
    $0/yr · 10,000 Membership Rewards points
    Read the full review
    SoFi Everyday Cash Rewards
    $0/yr · None publicly advertised

    Editorial take: American Express Schwab Investor Card

    The hidden gem of the Amex MR lineup for Schwab brokerage customers. Flat 1.5X MR with $0 annual fee, full transfer-partner access, AND a 1.0 cents-per-point cash-into-brokerage redemption guarantees you can always extract real cash. The catch: you need a Schwab brokerage account to apply.

    Editorial take: SoFi Everyday Cash Rewards

    Common questions

    Which card has the bigger sign-up bonus, American Express Schwab Investor Card or SoFi Everyday Cash Rewards?
    The American Express Schwab Investor Card has the bigger bonus, 10,000 Membership Rewards points, worth roughly $110, versus None publicly advertised (~$0) on the SoFi Everyday Cash Rewards.
    Is the American Express Schwab Investor Card's $0 annual fee worth it compared to the SoFi Everyday Cash Rewards?
    The American Express Schwab Investor Card has no annual fee, so the question is whether the SoFi Everyday Cash Rewards's $0 fee is justified by its perks. If you'll use enough of the SoFi Everyday Cash Rewards's benefits to clear $0 in value annually, it's worth it; otherwise stick with the American Express Schwab Investor Card.
    Can I have both the American Express Schwab Investor Card and SoFi Everyday Cash Rewards?
    Yes, since they're from different issuers (American Express and SoFi) the application rules don't conflict. Many points enthusiasts hold both, they pair well when one earns flexible bank points and the other earns a different currency.
    Should I get the American Express Schwab Investor Card or the SoFi Everyday Cash Rewards first?
    Get the one whose sign-up bonus you can hit comfortably without overspending. American Express Schwab Investor Card: $1,000 spend in 6 months. SoFi Everyday Cash Rewards: $0 in 0 months. Pick the easier minimum spend if you're new to points; pick the larger bonus if you have planned big purchases coming up.

    Card details on this page reflect the most recent data we've verified against the issuer's own site. Sign-up bonuses and fees can change at any time, confirm the current offer on the issuer's page before applying.