- Centurion Member
- Posts: 4047
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
So in the event that all Sallie Mae Rewards cards become Upromise cards, how could I redeem the rewards? Am I right in thinking that there is a ton of red tape preventing me from taking a simple statement credit or cash deposit?From further research, I see getting cash is possible. I don't know if I'd want to bother with trying to get the 10% bonus, though.
I have no outstanding student loans, nor do I expect to have any.
Helping others save for college and/or grad school would be complicated, because the students (relatives) I would like to help have siblings, which means an already small reward sum (from light spending on the card) would have to be divided very thinly to avoid the appearance of favoritism.
My continuing professional education expenses I pay to non-profit universities, professional associations, and for-profit companies. I pay these by check and Discover at present. Would I need to take out a loan and/or pay with the Upromise MC to somehow redeem rewards against these expenses?
The online shopping portal looks great...but I feel the rewards would be a hassle to actually redeem. Actually not that difficult.
At first glance, it seems like I should close the card in the event of a switch to Upromise, or let it die from inactivity. Thoughts?
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