Add in another 5% discount on all your amazon purchases and you have a very useful cash back credit card. This results in an annual spend of $6,000 and at 5% back that’s 30,000 points or $300 cash back. Most people should easily be able to max out the grocery & gas store $250 limit per month. This is one of my favorite cards and something that I regularly recommend to friends & family not hunting for sign up bonuses. Sallie Mae will automatically waive this as a courtesy. There is a minimum redemption of 2,500 points ($25)ĭon’t pay back the last $50. This means this card is effectively a 5% cash back card. Regardless of how you use these points, they are always worth 1 ¢ per point. Use it to pay back your Sallie Mae student loans.The points on this card are extremely easy to redeem. The cap also to be higher with $500 on groceries/gas & $1,000 on bookstores. October 6th, 2011: $100 cash bonus after you spend $500 within the first 90 days of account opening.2,500 points ($25) after the first purchase.Amazon codes as a bookstore and as such you can get 5x points on Amazon purchases (as long as the item is sold by Amazon, for more on this read the F.A.Q section below) 5x points on bookstore purchases for the first $750 in purchases each month.5x points on grocery store purchases for the first $250 in purchases each month.5x points on gas purchases for the first $250 in purchases each month.This card earns rewards points which can be redeemed through Upromise. What Credit Limit Will I Receive? Minimum Credit Limit What Credit Bureau Does Barclaycard Pull For The Sallie Mae Card?īarclaycard almost exclusively pulls the TransUnion credit bureau, which is extremely helpful as it is one of the least used bureaus. You can check other pre-approval offers with different card issuers here. It’s also a good idea to check to see if you have any pre-approved offers with Barclay before applying for this credit card.
If you have any bankruptcy or other derogatory items on file with TransUnion you’ll also struggle to be approved for this card. We’d recommend having a score of 670 or above before applying for this card, we’d also recommend having at least one year of credit history. You can read our tips on getting approved for the Arrival card here, this information is applicable for all Barclay cards. Barclay doesn’t like to see too many new inquiries on your credit report when approving applicants, they also like to see you putting credit card spend on your existing Barclay cards before approving you for additional cards. The SallieMae rewards MasterCard was created with students in mind, so it shouldn’t be too hard to get approved. Derogatory items on credit report (e.g late or delinquent payment).Small sign up bonus of 2,500 points ($25 cash back) after first purchase, as long as it’s within 90 days of account openingĪpplication Information What Credit Score Is Required.5% is limited to $750 per month for bookstores, $250 for gas & $250 for grocery stores.World Mastercard benefits (although you may only be approved for the platinum version of this card which will only come with the basic Mastercard benefits).
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