The end of Sallie Mae Rewards?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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kdm31091
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Re: The end of Sallie Mae Rewards?

Postby kdm31091 » Tue Sep 29, 2015 5:49 pm

Nixon wrote:
kdm31091 wrote:Why? You get 5% with no hassles, as opposed to hoping it codes correctly. I don't have an amazon store card because I'm no amazon junkie but if I were I'd opt for that over the one of the psuedo-Amazon "bookstore" options.


I like "real" CC's better, and there's no good bonus to apply.


To be fair, Sallie's $25 bonus isn't exactly what most people consider a "good bonus" either haha


Nixon
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Re: The end of Sallie Mae Rewards?

Postby Nixon » Tue Sep 29, 2015 5:54 pm

kdm31091 wrote:
Nixon wrote:
kdm31091 wrote:Why? You get 5% with no hassles, as opposed to hoping it codes correctly. I don't have an amazon store card because I'm no amazon junkie but if I were I'd opt for that over the one of the psuedo-Amazon "bookstore" options.


I like "real" CC's better, and there's no good bonus to apply.


To be fair, Sallie's $25 bonus isn't exactly what most people consider a "good bonus" either haha


But the quarterly, sometimes more often offers for addtl spend ARE.

The gift that keeps on giving. ;)
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Vattené
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Re: The end of Sallie Mae Rewards?

Postby Vattené » Tue Sep 29, 2015 6:02 pm

CarefulBuilder14 wrote:I studied Upromise in some detail, and found that it wasn't worth the extra hassle for me.
1. I have the IHG program (and CSP/IHG cards) for Rewards Network restaurants.
2. I don't use the Upromise travel portals much, and would rather pay with CSP and find a random discount code if I do.
3. The online shopping portals offer little (that I'd realistically buy) beyond my other portals.
4. 10% extra points aren't much of an enhancement.

I'm pretty happy with EDP. The good offers have been cooling off, though. I'm also on pace to exceed the annual $6k grocery limit on EDP, so might use Sallie instead for a month to see if that invites better offers. If you upgrade, see if you can get a small bonus.

I think a CSR might give you an answer, but I wouldn't expect it to be based on good information.


If I did go that route, I think I might just apply for a new account for the extra 15,000 MR. My understanding is as long as it isn't the exact same product one can still get the spending bonus (similarly, a BCE holder could get a bonus for applying for a new BCP, but not for opening a second BCE). I'm past the point where I need to worry about credit card accounts impacting my credit profile (within reason of course...I wouldn't go apply for 15 SCT cards or anything ridiculous). I've got a mortgage and by the time I expect to take out a new car loan I doubt that would be an issue at all (plus, we've got the option of financing in my wife's name only).

Assuming Chase repeats a grocery quarter, do you think you'll use your Freedom for groceries to avoide hitting the EDP cap so early? Maybe Discover will even copy the grocery quarter next year.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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CarefulBuilder14
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Re: The end of Sallie Mae Rewards?

Postby CarefulBuilder14 » Tue Sep 29, 2015 6:43 pm

Vattené wrote:Assuming Chase repeats a grocery quarter, do you think you'll use your Freedom for groceries to avoide hitting the EDP cap so early? Maybe Discover will even copy the grocery quarter next year.

5 transferrable URs beats 4.5 MRs.

10% on Discover (for part of 2016) also beats 4.5 MRs.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

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Vattené
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Re: The end of Sallie Mae Rewards?

Postby Vattené » Tue Sep 29, 2015 7:28 pm

Maybe you'd anticipate getting more value out of MR than UR? I dunno, I'm stretching.

Personally, I hope Discover doesn't copy a grocery quarter...although I may be able to get more out of it than I have been with home improvement.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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CarefulBuilder14
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Re: The end of Sallie Mae Rewards?

Postby CarefulBuilder14 » Tue Sep 29, 2015 9:34 pm

After a little more thought...I'm still a relatively junior points user. I can't ignore the possibility that a little extra cash back at Travelocity or Hotels.com could be useful.

So if they do PC us to Upromise, I'll SD it with minimal activity for at least the first few months while I learn more in the way of advanced hacking.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

Nixon
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Re: The end of Sallie Mae Rewards?

Postby Nixon » Tue Sep 29, 2015 9:42 pm

MR will become much less useful to me after tomorrow. MR -> BA Deval.
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CarefulBuilder14
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Re: The end of Sallie Mae Rewards?

Postby CarefulBuilder14 » Tue Sep 29, 2015 9:45 pm

Nixon wrote:MR will become much less useful to me after tomorrow. MR -> BA Deval.

I was thinking about transferring a few MRs in advance of that.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

kdm31091
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Re: The end of Sallie Mae Rewards?

Postby kdm31091 » Wed Sep 30, 2015 6:23 am

CarefulBuilder14 wrote:After a little more thought...I'm still a relatively junior points user. I can't ignore the possibility that a little extra cash back at Travelocity or Hotels.com could be useful.

So if they do PC us to Upromise, I'll SD it with minimal activity for at least the first few months while I learn more in the way of advanced hacking.


Yeah, it's really not a bad card to just have in the SD for the occasional good online deal. No, not the same as Sallie, but not bad in its own right.

The people on MF insisting their cards would basically never be converted are IMO living in denial. If the card is truly discontinued, then yes eventually they will all be switched over!

(One user mentioned the CARD act preventing changes in terms within year one...I'm pretty sure that refers to fees and APRs etc, not reward programs)

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Re: The end of Sallie Mae Rewards?

Postby Vermonster » Wed Sep 30, 2015 7:03 am

I think it is pretty standard for people to be able to keep an old card for either a year or until it expires. There were a few people that still had a Citi Forward with the old categories for a loooooong time. I guess it depends on how quickly Barclay wants to get people off of SM.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k



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