topic Re: Sallie Mae Evolve credit card in Credit Cards

Salle Mae Credit Cards

Anonymous — Tue, 07 May 2019 09:43:00 GMT

Wow! Sallie Mae Bank announced their forth coming launch of three flavors of credit cards as written about on the Doctor of Credit Website. The cards are: Accelerate, Evolve & Ignite. The excitement looms!

The cards will be issued by the Sallie Mae Bank and will offer options on earning around 1.25 points per dollar spent. The Doctor of Credit posting pointed out in today's world we should be getting 2% or more.

This could be our Unicorn for a new rush on cards! Unfortunately, it is not Diner's Club, the Oregon Credit Union "OCCU" Beaver Card or the Citi Forward Visa Cards for those who like to dwell in the legacy card world and certainly the Blispay for those still clinging to it's return .

Card details as set forth on the Doctor of Credit website (note that nothing is showing on the Sallie Mae Bank website):

Sallie Mae has launched three new credit cards. They are currently only available by invitation. You can also add yourself to the waitlist.

Salle Mae Accelerate This card earns 1.25% everywhere with no limit. It also gives a 25% bonus on any cash back rewards used to pay down your student loans with Sallie Mae.
Sallie Mae Evolve This card earns 1.25% everywhere with no limit. It also gives a 25% bonus on cash back rewards earned from your top two purchase categories each month.
Salllie Mae Ignite This card is meant for students. It earns 1% back on all purchases, and gets a bonus 25% after making six consecutive on-time payments.

Other card features:

All 3 cards have no annual fee
All have an introductory 0% APR of either 6 months or 12 months
All come with $600 Mastercard cell phone insurance
All come with free FICO score
All cards offer the ability to pause/lock your card temporarily

Re: Salle Mae Credit Cards

kdm31091 — Tue, 07 May 2019 11:47:31 GMT

There are a lot of gimmicks with these cards, but even with those, they still don't beat a flat 2% card. IMO, nothing to get excited over.

Re: Salle Mae Credit Cards

AverageJoesCredit — Tue, 07 May 2019 11:52:45 GMT

Oh no! John Snow is back

Re: Salle Mae Credit Cards

mongstradamus — Tue, 07 May 2019 14:13:13 GMT

It's too bad they discontinued their 5% gas grocery card was looking at one time in getting that card. These choices don't seem to be as nice

Re: Salle Mae Credit Cards

CreditCuriosity — Tue, 07 May 2019 14:50:30 GMT

Saw this yesterday early and lackluster cards overall to sum it up best.. Not bad for a college student possibly, but most with good/excellent credit have way better options

Re: Salle Mae Credit Cards

gdale6 — Tue, 07 May 2019 15:07:39 GMT

Pfft, even a student would not want to waste their time with these, 1.5% unlimited cards are all around these days. I would not bite on any SM unless it operated like the old one did from Barclays.

Re: Salle Mae Credit Cards

FinStar — Tue, 07 May 2019 15:23:42 GMT

Thanks for sharing OP. We'll see if this one gets off the ground given the 3 product offerings.

Re: Salle Mae Credit Cards

CreditMagic7 — Tue, 07 May 2019 23:09:23 GMT

@mongstradamus wrote:
It's too bad they discontinued their 5% gas grocery card was looking at one time in getting that card. These choices don't seem to be as nice

Indeed IF they just would do a 5% even at some modest spend level.

May or may not bite-Guess will wait and see where they go with it once in circulation a bit first.

Re: Salle Mae Credit Cards

MakingProgress — Tue, 07 May 2019 23:19:15 GMT

@AverageJoesCredit wrote:
Oh no! John Snow is back

Re: Salle Mae Credit Cards

CreditCuriosity — Wed, 08 May 2019 01:08:23 GMT

One thing that is interesting about this card vs. others is it isn't issued by Barclays, but by Sallie Mae Bank. Strange.

Re: Salle Mae Credit Cards

CreditMagic7 — Wed, 08 May 2019 00:25:23 GMT

@CreditCuriosity wrote:
One thing that is interesting about this card vs. others is it isn't issued by Barcl'ays, but by Sallie Mae Bank. Strange.

And that just might be the best part

No hatchet job from Bark-ley's stringing you out then power slamming the line out of the blue like so very many found to their utter disgust.

Re: Salle Mae Credit Cards

Revelate — Wed, 08 May 2019 21:43:13 GMT

Oh I don’t know, I still have that random Barclays card around somewhere that was born the old school Sallie Mae.

That was one stupidly good card, even today it would still be excellent.

Actually I may need to go swipe it, just realized I was a year and 3 months without having used the Disco, whoopsie!

Re: Salle Mae Credit Cards

Turbobuick — Wed, 08 May 2019 22:11:34 GMT

@Anonymous wrote:
snipped...
Salle Mae Accelerate This card earns 1.25% everywhere with no limit. It also gives a 25% bonus on any cash back rewards used to pay down your student loans with Sallie Mae.
Sallie Mae Evolve This card earns 1.25% everywhere with no limit. It also gives a 25% bonus on cash back rewards earned from your top two purchase categories each month.
Salllie Mae Ignite This card is meant for students. It earns 1% back on all purchases, and gets a bonus 25% after making six consecutive on-time payments.

Are the 3 different spellings of "Sallie" meant for a little levity? I enjoyed that... much more than reading about this cards release of worthlessness.

Re: Salle Mae Credit Cards

Anonymous — Thu, 09 May 2019 01:02:07 GMT

@CreditMagic7 wrote:
May or may not bite-Guess will wait and see where they go with it once in circulation a bit first.

Just wondering why! What could happen that would make this worthwhile (well, a big SUB I guess)

Sallie Mae Evolve credit card

blackfines1 — Thu, 12 Sep 2019 09:30:42 GMT

Just received this offer from sallie mae , via email , I'm not interested on applying for this card right now , maybe in 3 or 4 moths but i have a question for our credit expert
1- what's the data point for this card ( credit score , inq , bureau )
2-what's my chance of been approved ? it a marketing ? or target offer?
3-what may be the spending limit?
Thanks

Re: Sallie Mae Evolve credit card

AverageJoesCredit — Thu, 12 Sep 2019 11:35:50 GMT

Not sure there are any dps yet as i believe this is a new card. We need Guinea pigs so we can dissect you, er, it

Re: Sallie Mae Evolve credit card

kdm31091 — Thu, 12 Sep 2019 12:09:48 GMT

In the APR section it looks like it says "14.99% to ..." which typically means just marketing and not really a targeted offer.

I don't know if you'll find any DPs as this card is newer and invite only; I haven't seen any approvals.

Re: Sallie Mae Evolve credit card

AverageJoesCredit — Thu, 12 Sep 2019 13:44:59 GMT

@kdm31091 any info about its reward structure? I didnt know it was invite only. I remember a post awhile back talking about it but not sure when.

Re: Sallie Mae Evolve credit card

DaveInAZ — Thu, 12 Sep 2019 14:31:20 GMT

@AverageJoesCredit wrote:
@kdm31091any info about its reward structure? I didnt know it was invite only. I remember a post awhile back talking about it but not sure when.

https://www.salliemae.com/credit-cards/evolve/

- 1.25% rewards all purchases

- 25% bonus rewards on "top two categories" each month

- "Unlock additional rewards with responsible financial behavior.", whatever the heck that means

- 0% APR on purchases first 12 months

At least it's not issued by Barclays, but think I'll pass.

Re: Sallie Mae Evolve credit card

Anonymous — Thu, 12 Sep 2019 14:38:31 GMT

@AverageJoesCredit wrote:
Not sure there are any dps yet as i believe this is a new card. We need Guinea pigs so we can dissect you, er, it

Aw, the next Unicorn!!! Now for a Guinea pig? AJC you won the draw

As to an invite? AJC put your name down and sit back and wait? Maybe Diner's Club will open up