topic Re: Owning 2 Sallie Mae WMC's? in Credit Cards

Owning 2 Sallie Mae WMC's?

TheFate — Sun, 12 Jul 2015 07:06:54 GMT

I noticed quite a few peeps here have 2 Sallie Mae WMC's.. How is that possible if you dont mind me asking?

Re: Owning 2 Sallie Mae WMC's?

UncleB — Sun, 12 Jul 2015 08:15:57 GMT

@TheFate wrote:
I noticed quite a few peeps here have 2 Sallie Mae WMC's.. How is that possible if you dont mind me asking?

First of all, a disclaimer: I do not currently have a Sallie Mae card.

However, I read everything I can about it, since I plan to app for one Spring 2016, which will be here before we know it.

I've read a few people on here who, like you mention, say they have acquired two Sallie Mae's. From what I can tell, the only sure-fire way to get a second one is if the app is instantly approved. If there is any kind of verification or recon required, it has been said the app will be rejected by the CSR (not quite the same as declined) due to each person only being officially permitted to have one Sallie Mae. One poster reported the second app getting rejected by the CSR when he was prompted to call in for ID verification over a glitch with the home address in his application.

So basically, it's a YMMV kind of thing. It seems that if you are able to get through the automation and get instantly approved, you're "in", otherwise you're out of luck since they 'officially' only permit each person to have one.

Hope this helps!

Re: Owning 2 Sallie Mae WMC's?

Anonymous — Sun, 12 Jul 2015 09:43:06 GMT

No one "owns" credit cards except the issuer.

Re: Owning 2 Sallie Mae WMC's?

Anonymous — Sun, 12 Jul 2015 12:54:31 GMT

UncleB - Correct, at least in my experience. Funny thing is once you're approved for two its never an issue with the reps you speak to who look over your accounts in the future. Think I've called twice since I got two and no ones given me any grief about it so don't feel like you have to hide from Barclay after the second. Instant approvals were key for me.

Re: Owning 2 Sallie Mae WMC's?

kdm31091 — Sun, 12 Jul 2015 13:20:22 GMT

@Anonymous wrote:
No one "owns" credit cards except the issuer.

Agree I hate this term. All you own is the debt. The cards are not your property and can be taken away whenever the issuer wants. They are not an asset.

Anyway, to OP's question yes you can have two. It's not explicitly allowed by Barclay's, and they will decline it if you app is not instantly approved. So you're taking a risk of wasting a HP. But some people just swear by having two of them.

Re: Owning 2 Sallie Mae WMC's?

Anonymous — Sun, 12 Jul 2015 13:41:56 GMT

We take risks of wasting a HP with every application. And idk about swearing by two but not all of us can survive on $25 a week for groceries sir So two comes in handy.

Re: Owning 2 Sallie Mae WMC's?

kdm31091 — Sun, 12 Jul 2015 13:57:56 GMT

@Anonymous wrote:
We take risks of wasting a HP with every application. And idk about swearing by two but not all of us can survive on $25 a week for groceries sir So two comes in handy.

Right, but I think the element of waste is a bit higher with this because it's a 2nd app for what one already has. I dunno.

I spend more than that on groceries! I just buy them at Target or BJ's. Trust me, I wish $25 a week was enough lol

Re: Owning 2 Sallie Mae WMC's?

TiggerDat — Sun, 12 Jul 2015 14:08:51 GMT

So, If I already have one and app and it is an instant approval, then they won't notice I already have one?

If that is the case I will consider that in the future.

Re: Owning 2 Sallie Mae WMC's?

Anonymous — Sun, 12 Jul 2015 15:23:05 GMT

Tigger not quite. What I'm saying is the system wont deny you the card if its an instant approval. But if you have to call about the app or recon then the rep will likely deny your application. Once approved if you call them for any issue they can clearly see all your accounts listed so they will notice but at that point its not a problem.

Re: Owning 2 Sallie Mae WMC's?

weehoo — Sun, 12 Jul 2015 16:43:30 GMT

ive had one card for about 2 years and the second for about a year, applied for both online, so far no one has said anything and i dont expect them to

Re: Owning 2 Sallie Mae WMC's?

GoldSorata — Sun, 12 Jul 2015 16:49:01 GMT

@Anonymous wrote:
We take risks of wasting a HP with every application. And idk about swearing by two but not all of us can survive on $25 a week for groceries sir So two comes in handy.

The cap for grocery spending is $250 a month. So one card is good for more than $25 a week, would'nt it be more around $60ish a week? But yeah I know for some a second card is definately handy. I'm still working on getting my first.

Re: Owning 2 Sallie Mae WMC's?

takeshi74 — Sun, 12 Jul 2015 16:54:45 GMT

@Anonymous wrote:
not all of us can survive on $25 a week for groceries sir So two comes in handy.

True but some go after other solutions than a pair of Sallie Maes. We use a pair of BCP's. Maybe not the most possible rewards on that spend but we'd rather deal with just 2 cards and it would take 4 Sallie Maes for our spend. YMMV. With high enough spend the old Blue Cash may be a better fit.

Re: Owning 2 Sallie Mae WMC's?

Anonymous — Sun, 12 Jul 2015 17:03:00 GMT

seezar - that was merely a figure plucked out of thin air to tease kdm

takeshi - of course there are other alternatives available depending on ones needs and spending habits. There's no one size fits all credit card strategy for 100% of us.

Re: Owning 2 Sallie Mae WMC's?

weehoo — Sun, 12 Jul 2015 19:35:45 GMT

Plus buying gift cards at the supermarket is major spending I do on top of groceries

Re: Owning 2 Sallie Mae WMC's?

Revelate — Sun, 12 Jul 2015 19:46:19 GMT

@takeshi74 wrote:
@Anonymous wrote:
not all of us can survive on $25 a week for groceries sir So two comes in handy.
True but some go after other solutions than a pair of Sallie Maes. We use a pair of BCP's. Maybe not the most possible rewards on that spend but we'd rather deal with just 2 cards and it would take 4 Sallie Maes for our spend. YMMV. With high enough spend the old Blue Cash may be a better fit.

Is that card even still available?

Re: Owning 2 Sallie Mae WMC's?

core — Sun, 12 Jul 2015 19:54:43 GMT

@Revelate wrote:
Is that card even still available?

Yes, the $50k capped version of the OBC is still available.

Re: Owning 2 Sallie Mae WMC's?

Revelate — Mon, 13 Jul 2015 04:56:59 GMT

@core wrote:
@Revelate wrote:
Is that card even still available?
Yes, the $50k capped version of the OBC is still available.

Danke!

Re: Owning 2 Sallie Mae WMC's?

JSS3 — Mon, 13 Jul 2015 08:50:47 GMT

A poster stated he was insta-denied when he went for a second with no credit pulled. So a hard pull may not be "wasted" when trying for two.

Re: Owning 2 Sallie Mae WMC's?

weehoo — Mon, 13 Jul 2015 12:54:19 GMT

I saw a lot of people on FT had there old blue cash' cards cancelled, i see that as a higher risk for not acheiving points you could have earned elsewhere

Re: Owning 2 Sallie Mae WMC's?

Anonymous — Sun, 02 Aug 2015 23:04:06 GMT

Really? Buying gift cards in MS counts as grocery as well?