topic Re: Sallie Mae world MasterCard in Credit Cards

Sallie Mae world MasterCard

Anonymous — Tue, 30 Apr 2013 21:01:10 GMT

Got approved for above card w CL of 6,200. I think they pull TU in NY.

Avg : 7.5 yrs

CK TU: 751

Utilitiy: 7%

Re: Sallie Mae world MasterCard

Anonymous — Tue, 30 Apr 2013 21:03:10 GMT

Grats!

Re: Sallie Mae world MasterCard

LS2982 — Tue, 30 Apr 2013 21:44:30 GMT

@Anonymous wrote:
Got approved for above card w CL of 6,200. I think they pull TU in NY.

Avg : 7.5 yrs
CK TU: 751
Utilitiy: 7%

CONGRATS!!!!

Re: Sallie Mae world MasterCard

boomhower — Tue, 30 Apr 2013 21:48:53 GMT

Congrats! What attracted you to the card?

Re: Sallie Mae world MasterCard

Anonymous — Tue, 30 Apr 2013 22:21:21 GMT

5% on gas, groceries (including Walmart & Target ) & Amazon. 25 redemption. Also I did BT on my penfed rewards (18 month promotion) and did not want to be charged interest for my daily balances on regular purchases. Plus Rumors abt its rewards down grade. I also have BCP with which I am going to buy visa GC for using it to load my Blue Bird account to pay rent, which I will be using it till its limit of 6000. So this cards helps me to fill gaps in my portfolio.

Re: Sallie Mae world MasterCard

Anonymous — Tue, 30 Apr 2013 22:26:20 GMT

Just so u know.... Theres a higher risk for having your Amex accounts closed for abusing reloads. There's been quite a number of cases of this happening. Head over to the other forums and you can read more about what happened

Re: Sallie Mae world MasterCard

Anonymous — Tue, 30 Apr 2013 22:40:40 GMT

I am going to do 500 a month. Plus It is not illiegal as far as I know but thank for the heads up.

Re: Sallie Mae world MasterCard

Anonymous — Tue, 30 Apr 2013 22:45:14 GMT

It's not illegal, just frowned upon by banks. Your best method is to charge different amounts each month as well so they don't see a pattern, especially transactions that is exactly 504.95 ($500 card + 4.95 fee)

Re: Sallie Mae world MasterCard

Anonymous — Tue, 30 Apr 2013 22:50:26 GMT

Enharu, Thanks for the tip. I would be mindful and play around with the denomination. I have been using Vanilla to reload with my US Cash (2.5 drugstore) till now.

Re: Sallie Mae world MasterCard

coolbrad — Tue, 30 Apr 2013 23:59:44 GMT

I have been itching for months to to apply for this card.

Re: Sallie Mae world MasterCard

09Lexie — Wed, 01 May 2013 00:09:17 GMT

Congrats

Re: Sallie Mae world MasterCard

Anonymous — Wed, 01 May 2013 00:58:07 GMT

@Anonymous wrote:
It's not illegal, just frowned upon by banks. Your best method is to charge different amounts each month as well so they don't see a pattern, especially transactions that is exactly 504.95 ($500 card + 4.95 fee)

I think there is still a difference of opinion on this. They can detect excess spending very easily, they are not going through looking for 500+3.95 (VR) or 500+4.95 (GC).

If it exceeds your reasonable spending ability you might get flagged. Keeping the monthly total under the CL seems reasonable, but no-one really knows if there is a safe or dangerous level.

But experience with other such things does seem to confirm that doing obvious "good" things, like doing some 1% spend, spending outside supermarkes/drug stores etc, actually doesn't help at all, banks are not that easy to distract.

Re: Sallie Mae world MasterCard

kevinjjc — Wed, 01 May 2013 01:46:33 GMT

@Anonymous wrote:
Got approved for above card w CL of 6,200. I think they pull TU in NY.

Avg : 7.5 yrs
CK TU: 751
Utilitiy: 7%

The Sallie Mae MasterCard is issued by Barclays, so definitely TU.

Re: Sallie Mae world MasterCard

Anonymous — Wed, 01 May 2013 01:58:31 GMT

@Anonymous wrote:
@Anonymous wrote:
It's not illegal, just frowned upon by banks. Your best method is to charge different amounts each month as well so they don't see a pattern, especially transactions that is exactly 504.95 ($500 card + 4.95 fee)
I think there is still a difference of opinion on this. They can detect excess spending very easily, they are not going through looking for 500+3.95 (VR) or 500+4.95 (GC).
If it exceeds your reasonable spending ability you might get flagged. Keeping the monthly total under the CL seems reasonable, but no-one really knows if there is a safe or dangerous level.

But experience with other such things does seem to confirm that doing obvious "good" things, like doing some 1% spend, spending outside supermarkes/drug stores etc, actually doesn't help at all, banks are not that easy to distract.

im curious as to how they detect it too, but seeing how discover is able to tell how much cashover i took and how much the initial purchase was for, I am guessing it can be detected by the bank easily. if it's indeed so, then there's really nothing that can be done other than to avoid shady practices like these. but if one is to insist upon doing it, at least don't make it way too obvious.

Whether they do anything about it though is entirely up to them. Some banks would just close your accounts outright w/o even giving you a chance to explain.

Re: Sallie Mae world MasterCard

Anonymous — Wed, 01 May 2013 02:10:52 GMT

Thank

ltl... My CL on Amex is 25k. Amex is my go to card for non bonous category becaue of its High CL. Will keep you guys posted if they shut me down (hope not).

Re: Sallie Mae world MasterCard

kampfer09 — Wed, 01 May 2013 02:36:23 GMT

I just got approved for this card with a $2.5k limit. I reISally like this card because of the reward they give you which is almost 10% I'm glad I got this card.

Re: Sallie Mae world MasterCard

Anonymous — Wed, 01 May 2013 02:38:07 GMT

@kampfer09 wrote:
I just got approved for this card with a $2.5k limit. I reISally like this card because of the reward they give you which is almost 10% I'm glad I got this card.

did they give you a plat MC or a world MC?

Re: Sallie Mae world MasterCard

kampfer09 — Wed, 01 May 2013 02:41:46 GMT

World MC....is there any difference between the two?

Re: Sallie Mae world MasterCard

kampfer09 — Wed, 01 May 2013 02:44:21 GMT

I think they only offer WMC for this product.

Re: Sallie Mae world MasterCard

Anonymous — Wed, 01 May 2013 02:45:28 GMT

world MC is usually for >5k CL.

When barclays give you a CL that is <5k, they usually give you the platinum MC instead.

sometimes the sign-up bonus, 0% APR intro period, or even rewards structure changes when you do not qualify for the version that they're advertising.

there're different benefits for world MC. http://www.mastercard.us/credit-card-world.html

you can call barclays to find out or wait for the card to arrive.