Sallie Mae Approval

Anonymous · ‎05-10-2013

Hey guys,

After seeing the post regarding the Sallie Mae World Mastercard as one of the best underrated credit cards, I decided that I would apply for it in the near future. I'm proud to say that I did. I got the platinum version of the card with a credit limit of $1.5k. I know its pretty low, but I'm still an undergrad so it should be suffice. I might recon. Haha.

Here's some background info. Clean report.

Chase Freedom - acquired on Nov 2012 with a $500 limit. Credit limit increase (hard pull) to $2k on Mar 2013.

Discover IT - acquired on Dec 2012 with a $1k limit.

Amazon Store Card - acquired on Nov 2012 with a $1.4k limit. Credit limit increase (soft pull) to $2.2k on Mar 2013.

Gap Store Card - acquired on August 2012 with a $400 limit. Credit limit increase (soft pull) to $1.1k on April 2013.

AMEX Blue Card (AU) - acquired on Nov 2011 with a $2k limit. Card was terminated on Aug 2012.

CK score was 756 before applying. Income 10k.

I received a 7-10 day message when I applied. I called in and it looks like they couldn't confirm my school address. I repeated the school address again and answered some questions regarding my ID. Then voila, approval of $1.5k.

I think that it would've been an instant approval had I not put my school address.

Anonymous · ‎05-10-2013

Congrats..... Very good card. Open Upromise and SM High Yield saving account and they will match 10% of your Upromise rewards in your savings. But it needs $25 per month going into saving.

FocusedAndDetermined · ‎05-10-2013

Congrats!

Anonymous · ‎05-10-2013

Congrats.

Just be careful not to get into too much debt with spending 2500+ per month with not much income. Even if the cards have a 0% introductory APR, that can be a trap. Once the APR rises you could be paying a lot in interest if you're carrying a balance. Add to that student loan payments and a terrible economy and it could be disastrous.

Anonymous · ‎05-10-2013

grats

Anonymous · ‎05-10-2013

Thanks guys

zyzzus · ‎05-10-2013

https://lty.s.upromise.com/member/savingsAccount.do

I found this.

If I open this account I can redeem my reward points as cashback instead of statement credits?

Anonymous · ‎05-10-2013

Nice card and approval!

zyzzus · ‎05-10-2013

@zyzzus wrote:
https://lty.s.upromise.com/member/savingsAccount.do

I found this.

If I open this account I can redeem my reward points as cashback instead of statement credits?

Bump

nicholasyud · ‎05-10-2013

Niceeee

Starting Score: 560
Current Score: ?
Goal Score: 800