A Sallie Mae Credit Card Isn’t Just For Student Loans

Primarily, people know Sallie Mae because of its student loan offerings. However, it is interesting to note that it offers other financial products and services as well, with an excellent example being the Sallie Mae credit card. As a result, people who are searching for a new credit card might want to check out this particular option, seeing as how it might prove to be the best fit for their personal needs and circumstances. Here are 10 benefits of the Sallie Mae credit card that you may or may not have known about:

1. Convenience

Cash is an excellent payment method. If it wasn’t, it wouldn’t have seen so much use over the course of centuries. However, there are times when cash becomes inconvenient, with examples ranging from buying online to buying big items that need lots of cash to pay off. When that happens, a credit card is an excellent alternative that will offer exceptional convenience.

2. Security

Speaking of which, people are very concerned about credit card fraud, which is why said financial tools come with such a wide range of protections built into them. As a result, credit cards are actually more rather than less secure than a lot of the other payment methods that can be found out there.

3. Widespread Acceptance

The Sallie Mae credit card is a MasterCard. As a result, interested individuals have no need to fear that it won’t be accepted where they want to use it. This is a serious concern with some credit cards, as shown by the store-issued examples that allow their users to shop nowhere but those stores.

4. Credit Availability

Generally speaking, credit cards are very convenient because they offer interested individuals a readily available source of funds for when they run into financial problems. This is in contrast to a lot of other financial products, which need to go through an application process that can eat up a fair amount of time that may or may not be available.

5. Credit Building

Smart use of a credit card can help interested individuals built up their credit scores in a number of ways. For example, making the payments improves the user’s payment history, which is critical. Likewise, keeping a low balance should help them improve their credit utilization, which can make them seem more attractive as a financial consumer. On top of this, just keeping a credit card open can help because of the importance of the length of credit history.

6. No Annual Fees

The Sallie Mae credit card has no annual fee whatsoever. This is a huge bonus because it means that people can use it at a time of their choosing instead of forcing them to use it as much as possible to make its annual cost worthwhile.

7. Low Maintenance

Likewise, the Sallie Mae credit card is low maintenance in other regards as well. For instance, it is not a credit card that needs people to pay a lot of attention to when their reward points are going to expire, which can be such a huge hassle that it is not uncommon for people to lose their reward points due to either intentional or unintentional neglect.

8. Cash Back

Speaking of which, this is because the Sallie Mae credit card has a cash back program, meaning that for the most part, its users don’t need to do much. In short, it is one point per dollar for most purchases. However, when the user shops at either bookstores or for gas and groceries, that goes up to five points per dollar. Each point can be redeemed for one cent, though interested individuals should know that there are limits to how many points can be collected in a month.

9. Bonus Categories

Of course, these bonus categories will appeal more to some people than others. Generally speaking, if someone is planning to make frequent but not too frequent use of their credit cards for buying gas, groceries, and books, they should give the Sallie Mae credit card some serious thought. Not coincidentally, this can describe a lot of students.

10. Sign-Up Bonus

The Sallie Mae credit card has a sign-up bonus, which is $25 in exchange for someone making a purchase within 90 days of starting up their account. It is not a particularly impressive sign-up bonus, but it is nonetheless much better than nothing at all.


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