If you’re looking for a credit card to help with your college savings, the Sallie Mae Rewards Card might be one you should look into. With this card, you will earn up to 5% cash back for college on eligible purchases. Continue reading below to find out more about the card features.
5% Cash Back Categories
With this card, you will earn up to 5% cash back on eligible purchases through Upromise.com. The only catch to this is that your reward earning potential is limited to shopping through the Upromise portal and eligible purchases from participating travel partners through Upromise.com. If you don’t mind these limitations, then this card can be of great value to your spending needs.
However, if you prefer more freedom with where you can use the card and similar high cash back rates, consider looking into the Chase Freedom or Discover It Card.
Sallie Mae Rewards Card Features
- Earn up to 5% cash back on eligible purchases through Upromise.com
- 2.5% cash back on your total eligible bill from participating Upromise restaurants
- Up to 5% cash back on eligible purchases from participating travel partners through Upromise.com
- Direct your cash back earnings into an eligible 529 plan or GoalSaver Account
- Use your earnings to pay back an eligible student loan
- Receive a check in the mail and use your cash back earnings for other college expenses
- No annual fee
Learn More Here
Sallie Mae Rewards Card: If this offer appeals to you, click this link to learn more!
Author’s Verdict
The Sallie Mae Rewards Card was created with students and recent graduates as their target audience. With that in mind, getting approval for the card shouldn’t be too difficult.
This card is unique because it offers cash back rewards that can be used to pay towards Sallie Mae student loans. But applicants do not need to have a Sallie Mae loan in order to obtain this card. And do not mistaken that you must or can only use this card to pay back Sallie Mae student loans, maximize its earning potential by using it for all the categories that are offered!
Likewise, you’ll be able to receive 5% cash back in more than one selected category through the Upromise.com website and 2.5% cash back on your total eligible bill from participating Upromise restaurants. Additionally, there is no annual fee! This card is less flexible in terms of reward redemption than most cash reward cards.
Provide feedback in the comment section below by telling us your thoughts and experience with this card. Make sure to visit BankDealGuy to explore the best credit cards related to 5% cash back categories.
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