I want to apply for Sallie Mae barclays, approval likely?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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RewardsHunter17
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Re: I want to apply for Sallie Mae barclays, approval likely?

Postby RewardsHunter17 » Thu Dec 17, 2015 10:47 pm

kdm31091 wrote:
JackLane wrote:Did I misunderstand that Sallie Mae Barclay (the 5% cashback on gas) card has been discontinued? Some new card is in place now. Please correct me if I am wrong.


The Sallie Mae with 5% groceries/gas is discontinued, dead, gone.

On Sallie Mae's (and Barclay's) website, the only card now available is the Upromise card, which is not new -- they used to both exist and now only the Upromise does. The Upromise is basically a card that earns you an extra 5% on anything on their shopping portal, which has a huge number of merchants. It earns 2% on in-store dept store and movie theater purchases but the main purpose is for the portal.


Yes, KDM is unfortunately correct. The Sallie Mae MasterCard is gone, although it does seem like people who had the card before it was discontinued are grandfathered in for the time being. The Upromise card, though, is actually not terrible, though it does require a lot of research (perhaps even more than with other cards) to see if it might be a good fit for you -- the online shopping portal for Upromise is considered to be good.


kdm31091
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Re: I want to apply for Sallie Mae barclays, approval likely?

Postby kdm31091 » Fri Dec 18, 2015 7:15 am

RewardsHunter17 wrote:
kdm31091 wrote:
JackLane wrote:Did I misunderstand that Sallie Mae Barclay (the 5% cashback on gas) card has been discontinued? Some new card is in place now. Please correct me if I am wrong.


The Sallie Mae with 5% groceries/gas is discontinued, dead, gone.

On Sallie Mae's (and Barclay's) website, the only card now available is the Upromise card, which is not new -- they used to both exist and now only the Upromise does. The Upromise is basically a card that earns you an extra 5% on anything on their shopping portal, which has a huge number of merchants. It earns 2% on in-store dept store and movie theater purchases but the main purpose is for the portal.


Yes, KDM is unfortunately correct. The Sallie Mae MasterCard is gone, although it does seem like people who had the card before it was discontinued are grandfathered in for the time being. The Upromise card, though, is actually not terrible, though it does require a lot of research (perhaps even more than with other cards) to see if it might be a good fit for you -- the online shopping portal for Upromise is considered to be good.


Yeah the only caution with the Upromise card is that it does require a bit more "work" than some other options in that you have to log on to the portal, click the merchant, pay your with Upromise card, and then wait for the cash to come to your account, which sometimes takes weeks. If you want instant gratification for rewards you'll be disappointed. To actually get the money for non-college use, you can either request a check once you have $10 or more, or deposit into a free Sallie Mae savings account (where you will get a 10% annual match on the upromise earnings, so the card becomes 5.5% on the portal etc). I chose the savings account since I can readily move money from there into my bank account if I wanted occasionally, and it makes a decent interest rate for savings these days. Plenty of people use the check option as well. My point is that there is no direct statement credit option though if that were a concern.

So yes, the card requires some managing to get good mileage out of it but overall, I like it.

JackLane
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Re: I want to apply for Sallie Mae barclays, approval likely?

Postby JackLane » Sat Dec 19, 2015 7:11 am

To folks using Upromise,

I primarily shop at Amazon, do they have amazon on their online portal? or is there any way to check which merchants they include before you sign up?
Which other card do folks suggest for standard 5% cashback on gas. I found one card from a local credit union in Kansas City.

Thanks in advance.
Chase Freedom 04/2012. $6500 | Costco Citi 10/2012 $8100 | AmEx BlueCash 06/2015, $15000 |Discover It 07/2015, $5200 |Amazon Store Prime 01/2016 $2200
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kdm31091
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Re: I want to apply for Sallie Mae barclays, approval likely?

Postby kdm31091 » Sat Dec 19, 2015 8:07 am

JackLane wrote:To folks using Upromise,

I primarily shop at Amazon, do they have amazon on their online portal? or is there any way to check which merchants they include before you sign up?
Which other card do folks suggest for standard 5% cashback on gas. I found one card from a local credit union in Kansas City.

Thanks in advance.


You can use Upromise without ever having their credit card. You simply link any CC to it. Then you'd earn whatever rewards your CC earns plus the Upromise portal basic rewards. The Upromise CC simply gives you extra. It's not required in order to use the portal. So yes, you can browse and sign up for Upromise independent of getting the card.

As far as Amazon, it is sort of included on Upromise, but only "select categories" e.g. usually things like jewelry, toys, etc. It's not just straight everything on amazon. So I would not suggest Upromise as a great option for amazon. Luckily plenty of amazon options exist. Upromise is great for other sites though.



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