Anyone heard of the Sallie Mae Evolve card with 200 SUB

[flash3]

I saw an ad on credit karma for the Sallie Mae Evolve credit card.  I am over 5/24 but it seems like they might approve me.  They are offering a $200 SUB for $1000 spend.  There is a 2% cashback on the top two categories.  It seems like an interesting card with the SUB.  Has anyone ever heard of or been approved for this Evolve credit card?  Is it a good card or good website/customer service?  I do not have any sallie mae loans nor am I a current college student.

[FinStar]

Hi @flash3 - welcome to the forums.

There was a discussion about the (re)launch of the Sallie Mae cards back in 2019 from this older thread:

https://ficoforums.myfico.com/t5/Credit-Cards/Salle-Mae-Credit-Cards/m-p/5602811

My understanding, when it comes to the UW, they're definitely picky. You can also search around for additional threads since there's been a variety of other discussions that haven't fared as favorably about their cards. 

[Rudy1]

I have seen these cards offered on Sallie Mae's website the card is pretty basic with 1.5% on everything however that 2% on top spend categories is a nice offer. Have you checked to see if you have any pre approval's from FNBO for the FNBO Evergreen it's a 2% everything card which might make more sense over this card. You can also check for pre approvals for the Wells Fargo Active Cash which is another 2% on everything card. Both FNBO and Wells Fargo have the same sign up bonus as Sallie Mae spend $1000 in 3 months get $200. I have attached the pre approval links below.

For FNBO Evergreen! Just select Pre-qualify Now above the evergreen card. https://www.fnbo.com/personal-banking/credit-cards/ 

Wells Fargo Pre Approval not just for Active Cash https://web.secure.wellsfargo.com/credit-cards/yourinfo/?sub_channel=WEB&vendor_code=IA&lang=en&prod...

[flash3]

What Does UW mean? 

I think Sallie Mae cards used to be operated by Barclays but now they are operated by the Sallie Mae bank.

I will look into Wells Fargo, are they known to be picky for above 5/24?

[FinStar]

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@flash3 wrote:

What Does UW mean? 

I think Sallie Mae cards used to be operated by Barclays but now they are operated by the Sallie Mae bank.

I will look into Wells Fargo, are they known to be picky for above 5/24?

---

UW = Underwriting 

Below is a link that provides some guidance to our common terms/abbreviations:

https://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/td-p/88458

[Rudy1]

Yes they used to be issued by Barclay's. Did you try FNBO's pre qual tool? I got approved for card from them being over 5/24 do you mind providing some data points about your credit profile eg scores inquries aaoa, number of cards.

[ahmeyer]

I have the Laurel Road 2% student loan cash back card and I love it.  We use it for as much as we can and the 2% goes directly to pay down our student loans.  The student loans do not have to be with LR either.  (Mod cut - these types of discussions or tactics are prohibited on the forums per the myFICO Forums TOS @ahmeyer)

[flash3]

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@Rudy1 wrote:

Yes they used to be issued by Barclay's. Did you try FNBO's pre qual tool? I got approved for card from them being over 5/24 do you mind providing some data points about your credit profile eg scores inquries aaoa, number of cards.

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I was approved for the FNBO last month and am waiting for the card.

I just noticed that the Schwab Amex card is offering a limited time $200 SUB so I just got approved for that,

since I am already a Schwab IRA holder, so they give an automatic approval even if you are over 5/24.

In August, I got the Sofi card after opening a Sofi money account so does the Sofi card count towards 5/24?

I get the feeling that if you have a relationship with the bank via Checking/Savings account then it doesn't seem to count towards 5/24?

I just opened  up a Savings acccount with Capital One, so do you think they will be lenient on the Savor Card approval if I already have a savings account with them?

[OmarGB9]

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@flash3 wrote:

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@Rudy1 wrote:

Yes they used to be issued by Barclay's. Did you try FNBO's pre qual tool? I got approved for card from them being over 5/24 do you mind providing some data points about your credit profile eg scores inquries aaoa, number of cards.

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I was approved for the FNBO last month and am waiting for the card.

I just noticed that the Schwab Amex card is offering a limited time $200 SUB so I just got approved for that,

since I am already a Schwab IRA holder, so they give an automatic approval even if you are over 5/24.

In August, I got the Sofi card after opening a Sofi money account so does the Sofi card count towards 5/24?

I get the feeling that if you have a relationship with the bank via Checking/Savings account then it doesn't seem to count towards 5/24?

I just opened  up a Savings acccount with Capital One, so do you think they will be lenient on the Savor Card approval if I already have a savings account with them?

---

No, Capital One doesn't take into account bank accounts for CC app approvals.

And 5/24 is for Chase.

[flash3]

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@OmarGB9 wrote:

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@flash3 wrote:

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@Rudy1 wrote:

Yes they used to be issued by Barclay's. Did you try FNBO's pre qual tool? I got approved for card from them being over 5/24 do you mind providing some data points about your credit profile eg scores inquries aaoa, number of cards.

---

I was approved for the FNBO last month and am waiting for the card.

I just noticed that the Schwab Amex card is offering a limited time $200 SUB so I just got approved for that,

since I am already a Schwab IRA holder, so they give an automatic approval even if you are over 5/24.

In August, I got the Sofi card after opening a Sofi money account so does the Sofi card count towards 5/24?

I get the feeling that if you have a relationship with the bank via Checking/Savings account then it doesn't seem to count towards 5/24?

I just opened  up a Savings acccount with Capital One, so do you think they will be lenient on the Savor Card approval if I already have a savings account with them?

---

No, Capital One doesn't take into account bank accounts for CC app approvals.

And 5/24 is for Chase.

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Will Cap One prefer if you already have the Quicksilver or some other of their cards, before getting approved for the Savor?

I have been denied for the Savor but they keep oferring me their starter and secured cards instead. 

Should I get the secured card then apply to the Savor in 6 months?