topic Re: Sallie Mae Caps Question in Credit Cards

Sallie Mae Caps Question

Anonymous — Fri, 03 Apr 2015 09:03:13 GMT

This may have been covered already, but I can't seem to find it. Sorry ahead of times if it's been rehashed over and over.

Is there a way to track your spend so far in each category other than just adding it up yourself? I know my Discover card doesn't seem to have anything, but I've never came close to the cap.

Re: Sallie Mae Caps Question

psm — Fri, 03 Apr 2015 11:15:38 GMT

$250 gas, $250 groceries, $750 bookstores per billing cycle. There is no tool other than your own math to view how much in each category you have spent already.

Re: Sallie Mae Caps Question

Anonymous — Fri, 03 Apr 2015 14:22:39 GMT

Does anyone know if the SM card cash back can be applied to Dept Of ED/Navient student loans
or is just "Sallie Mae"

Re: Sallie Mae Caps Question

psm — Fri, 03 Apr 2015 14:26:37 GMT

I apply mine to Navient student loans successfully. And if you cannot you can apply as statement credit at the same value then just take the money you would have spent paying off your CC and send it to your loan holder.

Re: Sallie Mae Caps Question

psm — Fri, 03 Apr 2015 14:31:05 GMT

Also - it used to take only 1 week or so for the SallieMae loan credit to appear online, but since the switch to Navient it has taken 2+ weeks both the times I redeeemed so I am considering just doing statement credit and paying the equivalent to the loan as an extra payment if it does not go faster.

Re: Sallie Mae Caps Question

Anonymous — Fri, 03 Apr 2015 14:33:56 GMT

what are the steps to apply to the navient loan?

Is it within the Sallie Mae CC login?

Re: Sallie Mae Caps Question

psm — Fri, 03 Apr 2015 14:36:46 GMT

Yes when you go to redeem you choose to Upromise or Sallie Mae or statement credit. you will need your SallieMae (Navient) loan number and such which you can find on your loan statements or in your Navient account online.

Re: Sallie Mae Caps Question

Anonymous — Fri, 03 Apr 2015 14:45:25 GMT

I wish I could travel back in time and have had this card FOREVER.

PS what kind of cash back amounts have you been aplying to your loans per month?

Just wondering (anyone can reply here that doe this :-)

Re: Sallie Mae Caps Question

Anonymous — Fri, 03 Apr 2015 14:49:12 GMT

@Anonymous wrote:
I wish I could travel back in time and have had this card FOREVER.

PS what kind of cash back amounts have you been aplying to your loans per month?
Just wondering (anyone can reply here that doe this :-)

That is thinking VERY small! With time travel you could make a little more than having the Sallie Mae card.

Sallie Mae maxes out at 5% of $1,250 a month, or $62.50 (spending $250 on gas, $250 on groceries and $750 on "bookstores")

Re: Sallie Mae Caps Question

Anonymous — Fri, 03 Apr 2015 14:52:43 GMT

Almost 4k and my loan would be paid off if I got it 5 years ago.. mind you..
my credit wouldn't have warranted them giving me the card :-)

Re: Sallie Mae Caps Question

Anonymous — Sat, 04 Apr 2015 01:57:45 GMT

@psm wrote:
$250 gas, $250 groceries, $750 bookstores per billing cycle. There is no tool other than your own math to view how much in each category you have spent already.

Ugh, that's what I was afraid of lol. Something else to micromanage.

Re: Sallie Mae Caps Question

Anonymous — Sat, 04 Apr 2015 02:38:19 GMT

@Anonymous wrote:
@psm wrote:
$250 gas, $250 groceries, $750 bookstores per billing cycle. There is no tool other than your own math to view how much in each category you have spent already.
Ugh, that's what I was afraid of lol. Something else to micromanage.

If you buy all or most of you groceries (or gas for that matter) at one chain, you can probably buy a giftcard at the beginning of each month with the SM and use that instead of the credit card

Re: Sallie Mae Caps Question

Anonymous — Sat, 04 Apr 2015 03:34:41 GMT

Lol that would make too much sense!!! Good tip tho. I shop mostly at Wal-Mart and Sam's Club. So, I could get a Wal-Mart gift card for groceries and whatnot. Usually get gas at Wal-Mart as well, so I'll have to find a new place to get gas.

Re: Sallie Mae Caps Question

Anonymous — Sat, 04 Apr 2015 06:05:51 GMT

@Anonymous wrote:
@Anonymous wrote:
@psm wrote:
$250 gas, $250 groceries, $750 bookstores per billing cycle. There is no tool other than your own math to view how much in each category you have spent already.
Ugh, that's what I was afraid of lol. Something else to micromanage.
If you buy all or most of you groceries (or gas for that matter) at one chain, you can probably buy a giftcard at the beginning of each month with the SM and use that instead of the credit card

That's a clutch move dude.

Re: Sallie Mae Caps Question

Themanwhocan — Sat, 04 Apr 2015 10:08:24 GMT

@Anonymous wrote:
@Anonymous wrote:
I wish I could travel back in time and have had this card FOREVER.

PS what kind of cash back amounts have you been aplying to your loans per month?
Just wondering (anyone can reply here that doe this :-)
That is thinking VERY small! With time travel you could make a little more than having the Sallie Mae card.

Sallie Mae maxes out at 5% of $1,250 a month, or $62.50 (spending $250 on gas, $250 on groceries and $750 on "bookstores")

I would have bought Microsoft shares. And Apple...

Re: Sallie Mae Caps Question

Anonymous — Sat, 04 Apr 2015 13:43:39 GMT

@Anonymous wrote:
@Anonymous wrote:
@psm wrote:
$250 gas, $250 groceries, $750 bookstores per billing cycle. There is no tool other than your own math to view how much in each category you have spent already.
Ugh, that's what I was afraid of lol. Something else to micromanage.
If you buy all or most of you groceries (or gas for that matter) at one chain, you can probably buy a giftcard at the beginning of each month with the SM and use that instead of the credit card

You can buy giftcards for pretty much anything you want at the grocery store I frequent. You could get giftcards for whatever to max the groceries limit easily, I'd think.

Re: Sallie Mae Caps Question

Anonymous — Sat, 04 Apr 2015 14:44:03 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@psm wrote:
$250 gas, $250 groceries, $750 bookstores per billing cycle. There is no tool other than your own math to view how much in each category you have spent already.
Ugh, that's what I was afraid of lol. Something else to micromanage.
If you buy all or most of you groceries (or gas for that matter) at one chain, you can probably buy a giftcard at the beginning of each month with the SM and use that instead of the credit card
You can buy giftcards for pretty much anything you want at the grocery store I frequent. You could get giftcards for whatever to max the groceries limit easily, I'd think.

Yes, that is how to max the cap if that is a problem, for others it's more knowing when have I spent $250 and should use a different card to get more than 1%. Buying the grocery gift card makes it easier to track (when the card is done, time to use a different card!)