Sallie Mae MasterCard®

The Sallie Mae MasterCard® offers a cash back reward of 5%, but only on the first $250 per month, making this reward a bit meager.

Check out our post on The Three Best Credit Cards For Young Adults and College Students for some better card recommendations.

Note: This card is no longer offered. Instead, Sallie Mae offers the Upromise World MasterCard®, which gives you:

  • 10% cash back for every $1 spent on eligible retailers through Upromise.com
  • 2% cash back for every $1 spent on eligible in-store department store and movie theater purchases
  • 1% cash back for every $1 spent on all other purchases
Was this helpful?

Confused about all the different amounts listed on your credit card bill? Read our guide to paying credit cards here.

Quick View

Quick View

  • Rewards
    • Earn 5% cash back for every $1 spent on purchases made at eligible gas and groceries; up to $250 per month
    • Earn 5% cash back for every $1 spent on books; up to $750 per month
    • Earn 1% cash back for every $1 spent on all other purchases
    • Rewards never expire
  • Signup Bonus 25,000 points for using your card within the first 3 months (redeemable for a $25 gift card)
  • Chip Technology Chip-and-Signature & Chip-and-PIN
  • Foreign Transaction Fee 3%
  • Intro Balance Transfer APR 0% for 15 months (need to be completed 45 days from opening the account)
  • Regular Balance Transfer APR 14.24%, 20.24% or 23.24% *Variable
  • Cash Advance APR 25.49% *Variable
  • Penalty APR See Terms
  • Late Fee Up to $37
  • Returned Payment Fee Up to $37

Card Benefits

Check your card's Guide to Benefits to learn the specific benefits your card offers and how to access them. Learn more about credit card benefits here.

Mastercard Benefits

  • This card comes with Mastercard benefits. You will be provided with a list of benefits available to you once you get approved for your card.

Visitor Reviews

Read about experiences others have had with this card and leave your own review here.

Submit your review
1
2
3
4
5
Submit
     
Cancel

Create your own review

Average rating:  
 0 reviews

The Insider

Brendan Harkness
Best Balance Transfer Credit Cards – 2017
Brendan Harkness | May 15, 2017

Balance transfers let you move debt from a high-interest account to one with lower (or zero) interest, but which cards have the best offers? Find out here.

Read More
John Ganotis
U.S. Bank Altitude Reserve Visa Infinite Card Review: Is it worth the $400 annual fee?
John Ganotis | May 11, 2017

The U.S. Bank Altitude Reserve Visa Infinite Card has lots of benefits, but is it worth the $400 annual fee? Read our review to decide for yourself.

Read More
John Ganotis
MasterCard® Black Card™ Review: Is it worth the $495 annual fee?
John Ganotis | Mar 01, 2017

The MasterCard® Black Card™ is a metal credit card for people who travel frequently. But are its benefits worth the $495 annual fee?

Read More