SallieMae Barclays

For just about anything you want to get off your chest about credit cards.
22 posts
MP3
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SallieMae Barclays

Postby MP3 » Wed Feb 05, 2014 1:07 am

Why is this so popular? Is it a student card? Why would one apply for this other then student loan payments?


MemberSince99
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Postby MemberSince99 » Wed Feb 05, 2014 6:31 am

Because like a student loan you can defer your payments (though interest still accrues) so it's good for low income people who aren't reliable.


Since you aren't one of those people, you don't want this one.

TheLethargicAge
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Postby TheLethargicAge » Wed Feb 05, 2014 7:48 am

MP3 wrote:Why is this so popular? Is it a student card? Why would one apply for this other then student loan payments?


5% cash back on the first $250 at grocery stores (including Target and Walmart) plus 5% on the first $250 at gas stations. That's why it's popular.

The rewards can be redeemed as statement credits or towards your SM student loans.
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)

darkguy2
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Postby darkguy2 » Wed Feb 05, 2014 11:11 am

If you are a student then don't bother. I tried to get it and they told me that I did not have a long enough credit history and they did not like my student loans. Maybe if you had loans through SallieMae. In the end it is still a Barclays card and they do not like to give to people with little history. I even tried to call in and recon.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

MP3
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Postby MP3 » Wed Feb 05, 2014 2:01 pm

I am not a student and I do not have student loans.

MemberSince 79
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Postby MemberSince 79 » Wed Feb 05, 2014 7:20 pm

MP3 wrote:I am not a student and I do not have student loans.


Neither is a requirement. The fine print requires that you have been to the web site. Not too hard to qualify with that.

Gift cards through a grocery store can really expand the 5%.
Gold American Express, since 1979,
back when it meant something.
And a few other cash back cards as well.

JoDa
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Postby JoDa » Wed Feb 05, 2014 7:25 pm

Sallie Mae has my federal student loan consolidation now, and they are the WORST. I have to fight with them over every little thing (from posting AUTOMATIC payments timely to putting extra payments towards the principal to anything else). Today, when I called in about them putting my extra payment towards interest instead of principal AGAIN (at least the 20th time this has happened, despite my following their instructions to have it put towards principal to the LETTER), they decided to get snippy with me because I wouldn't consent to having "Sallie Mae and its associated companies" call my cell phone using an auto-dialer or send me text messages. No, I don't believe for a second that you want this permission only so that you can "reach me more easily or send me important account updates" and will not consent to having my cell phone spammed. I wouldn't willingly give them business even if it saved me a million dollars (I consolidated with a different company that subsequently sold the loan to them).
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K

MemberSince99
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Postby MemberSince99 » Wed Feb 05, 2014 8:36 pm

JoDa you do sound like a challenge to work with but I'm the same way!

JoDa
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Postby JoDa » Wed Feb 05, 2014 11:26 pm

LOL Member. I told them they could auto-dial my "secondary" number. The rep went to enter that and was like "um...our system shows that this number is a Federal Government number, which we are prohibited from sending solicitation calls to. Can you confirm whether or not the number you have authorized is a government phone number?" I said "yes, it is a Federal Government phone number...are you admitting that you wanted my permission to allow telemarketers to call my cell phone?" She shut up and moved on to ACTUALLY addressing my inquiry...er, sort of addressing my inquiry. I expect to be giving them multiple calls a day once their "7 day research period" elapses. As I told her, if I wasn't making so much on my investments, I'd pay them off just so I could be rid of their nonsense...
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K

MemberSince99
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Postby MemberSince99 » Thu Feb 06, 2014 6:01 am

That is pretty clever. Caught em.


The thing is, even though they have my number not a single one of them has ever called me to solicit me for anything. So just because they have it doesn't mean they will actually use it.



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