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- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
CarefulBuilder14 wrote:I'm toying with the idea of letting Sallie Mae close for inactivity. EDP and Discover make it pretty useless for the rest of 2015, and Barclaycard doesn't invite me to any of their promotional rewards programs.
If Sallie Mae somehow survives nerfing, but BCE/EDP/PRG do suffer, then I can always look for some nice signup bonus on a travel card.
Right, Discover's 4th quarter being Amazon makes Sallie pretty unexciting, and if you use EDP for groceries, there goes that.
Sallie is IMO definitely an overrated card, and it seems like a prime candidate for nerfing. I am truly surprised it has not been nerfed but I think that's because the public does not really seem to know about this card.
It's not very good for heavy spending, or for people open to travel rewards. A few good offers on BCE can easily make up for the difference in rewards rates.
On the other hand, I do plan to keep Arrival long-term, so I'm going to remain a Barclaycard customer (and keep the ID and password). I may later want to open a few cards for travel bonuses, closing them after a year or two. Since there's no AF, maybe it's best to keep it and get "full credit" for it as far as AAoA. It's not like Brooks Bros, where putting activity on the card involves actually buying clothing. Sallie Mae is very friendly to $1 Amazon gift cards.
It is a pretty good SD card to have if I lose my wallet. Maybe I was right before, and should just keep it.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt, Arrival
May close or PC: Prestige, BrooksBros
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech