SoFi updated their Terms of Service on May 1, 2026, replacing a ClassPass free trial benefit for SoFi Plus members with a discounted Wall Street Journal subscription ($129/year) and a discounted MarketWatch subscription ($2 every four weeks for one year). After the promotional year ends, these subscriptions automatically renew at standard rates unless canceled. Additionally, Credit Score Monitoring reward points are now only available to new SoFi members, not existing ones.
SoFi Plus members who previously had access to a ClassPass free trial will now instead receive a discounted Wall Street Journal and MarketWatch subscription, both of which auto-renew at full price after one year if not canceled. Existing SoFi members can no longer earn reward points for signing up for Credit Score Monitoring — that benefit is now restricted to new members only. You can cancel either subscription before the one-year promotional period ends to avoid being charged the full standard renewal rate.
If you sign up for the WSJ or MarketWatch deal, it will automatically charge you full price after a year unless you cancel first.
Existing SoFi members can no longer earn reward points for signing up for Credit Score Monitoring — that perk is now only for new members.
+ 1 more obligation changes. Full breakdown available with Watcher.
Unlock — $9.99/mo →SoFi Plus members who expected a ClassPass benefit will no longer receive it, and those who claim the new WSJ or MarketWatch offers face automatic full-price charges after one year if they don't cancel. Existing members also lose access to Credit Score Monitoring reward points.
ClassPass free trial replaced with discounted WSJ ($129/year) and MarketWatch ($2/4 weeks) subscriptions that auto-renew at full price after one year unless canceled.
Earning reward points for Credit Score Monitoring is now restricted to new SoFi members only, removing the benefit for existing members.
New language requires members to cancel before the promotional period ends to avoid automatic renewal at standard WSJ or MarketWatch rates.
ConductAtlas Policy Archive Entity: SoFi | Document: SoFi Terms of Service | Record: CA-C-000750 Captured: 2026-05-01 06:05:39 UTC URL: https://conductatlas.com/change/2026-05-01-sofi-sofi-terms-of-service-750/ Accessed: May 2, 2026
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SoFi replaced a ClassPass free trial benefit with discounted WSJ and MarketWatch subscriptions for SoFi Plus members, and restricted Credit Score Monitoring reward points to new members only. The auto-renewal feature of the new subscriptions touches FTC guidelines on negative option marketing (16 C.F.R. Part 425) and the FTC's Negative Option Rule (effective 2024), requiring clear disclosure of auto-renewal terms before enrollment. The change also narrows an existing rewards benefit, which may affect customer communication obligations. Compliance teams should confirm that auto-renewal disclosures within the subscription enrollment flow meet FTC and applicable state requirements. Low urgency but warrants a check before go-live.
1. FTC Negative Option Rule (16 C.F.R. Part 425, updated 2024): Auto-renewal of WSJ/MarketWatch subscriptions after promotional period requires clear and conspicuous pre-enrollment disclosure, easy cancellation mechanism, and annual reminders — FTC has actively enforced this framework.
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ConductAtlas provides verified policy intelligence sourced directly from platform documents. All analysis is intended to support, not replace, legal and compliance review. Record CA-C-000750.
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