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Sallie Mae Evolve Card

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Though it comes with a somewhat low earning rate, the Evolve card offers a 25% bonus on cash back rewards for the two categories you spend most in per month. You’ll also get a low introductory purchase APR, and a somewhat uncommon but useful benefit, cell phone protection.

Our rating
Min. credit level: Fair
Annual Fee: $0
Regular APR: 14.74%–24.74% Variable
Intro Purchase APR: 0% for 12 months

Sallie Mae Evolve Card

Our rating
Fair Min. credit level
$0 Annual Fee
Apply Now Read Our Review

Highlights & Features


  • 1.25% cash back on all purchases
  • 25% bonus on cash back earned in the two highest purchase categories each month

Balance Transfers

A balance transfer is a way to move debt from one card to another with the goal of saving money on interest.

Intro Balance Transfer APR N/A
Regular Balance Transfer APR 14.74%–24.74% Variable
Balance Transfer Fee 3%, $5 minimum
How to Transfer a Balance on a Credit Card


Penalty APR N/A
Late Fee Up to $39
Returned Payment Fee Up to $39
Additional Cards Annual Fee N/A
Foreign Transaction Fee 3%
Learn About Types of Credit Card Fees

Cash Advances

Borrowing cash on your card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.

Cash Advance APR 26.74% Variable
Cash Advance Fee 5%, $10 minimum
How to Get a Cash Advance with a Credit Card
Sallie Mae Evolve Card


  • 0% purchase APR for 12 months, then your rate will be 14.74%–24.74% Variable
  • 1.25% unlimited cash back on all purchases
  • 25% bonus on cash back rewards for the two highest purchase categories of each month
  • No annual fee

Sallie Mae Bank

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Similar to the Sallie Mae Accelerate Card (Review), the Sallie Mae Evolve card offers the same benefits and earning rate with a few minor differences.

You’ll get 1.25% cash back on all purchases, and a 0% intro purchase APR for 12 months, then your rate will be 14.74%–24.74% Variable.

The only difference between this card and Sallie Mae’s Accelerate card are the intro APR duration, and the 25% bonus. Where the Accelerate gives a bonus for paying down your student loans, this card gives a 25% bonus on cash back rewards in your top two purchase categories of each month.

This card has no annual fee.

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