Death of Sallie Mae

[newhis]

Early today the displayed card was Sallie Mae, now it shows Commence card.

Now they show the correct earning %

Now the card is just MasterCard and not World MasterCard, right?

[IncrsCreditScore1]

Just looked at mine.  It still shows the incorrect amount of rewards, but does show the new card.

[Kforce]

I believe they rounded the reward points to the nearest whole dollar. I have 2 accounts and one, lost 25 points and the other gained 32 points. Both are now even dollar amounts. Or they are just both wrong, and in limbo for a few days ?

[Gunnar419]

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@Kforce wrote:

I believe they rounded the reward points to the nearest whole dollar. I have 2 accounts and one, lost 25 points and the other gained 32 points. Both are now even dollar amounts. Or they are just both wrong, and in limbo for a few days ?

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Mine's also corrected now, but rounded up to the next dollar. I'll wait a day or two to see if that's where it stays before I redeem it, then am done with Barclays and it's feeble new card.

Farewell, sweet Sallie.

[Anonymous]

Sadness, Barclay corrected the website. Hats off for those who were able to bank $5,000+ from this human error.

[Anonymous]

Yeah! Went to the Barclays website and brought up the new Barclay Commence (excitement and drum rolls please). Went to rewards and every link worked and everything on my profile worked! So.o.o ... I took a chance and processed a direct deposit to my bank and zeroed my Commence Rewards Account. It went through and shows in the redemption as in process. Aww ... the pause that refreshes. Afraid they might loose my $50 cash rewards. Fingers crossed. Actually the new Barclay Commence website is state of the art unlike the old Sallie Mae. To bad the rewards aren't equal to the website. Oh well ... life goes on (maybe) An add ... the Terms & Conditions that applied to my account as a Barclay Sallie Mae remained (APR, Revolving Flexible Credit Line and World Mastercard Benefits). Update, used the Barclays Commence Card site and ordered cash rewards paid to my deposit account of choice yesterday Thursday, March 2, 2017 for the $50 I earned - the money was deposited into my bank today Friday, March 3, 2017.

[kdm31091]

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@Anonymous wrote:

Sadness, Barclay corrected the website. Hats off for those who were able to bank $5,000+ from this human error.

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Did anyone's redemption actually process though?

[Anonymous]

Still waiting on mine, kdm

[Gunnar419]

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@Anonymous wrote:

Sadness, Barclay corrected the website. Hats off for those who were able to bank $5,000+ from this human error.

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I don't know if anybody was successful in banking 100x more cashback than they actually earned. You can bet, though, if anybody did manage to slip those sums into their bank account, Barclays will claw the money back ASAP. Those who've pulled the cash out to avoid a clawback might find themselves charged with fraud or at the very least sued. So be careful out there.

Banks are like governments, especially like the IRS. When THEY make a human error you can expect them to come after you for taking advantage of it.

Besides, all you who tried for the 100x redemption knew you were taking advantage, didn't you?

[Anonymous]

I did it. Idc. I know it probably won't go through. I didn't do it to cheat I did it to see what'd happen. If they don't catch it then idk what but it's not a big deal either. I took screen prints of everything because it's actually kind of funny.