Sallie Mae Launches 3 New Credit Cards

It’s not too often that we hear about brand new credit cards coming out, but it’s especially much more unusual to hear about 3 new credit cards at the same time! Let’s take a look at the three different cards

The New Cards

None of these cards will come with an annual fee. Each of them will also have a 0% APR, however depending on the card, will either be 6 month or 12 month period. They all come with MasterCard’s cell phone insurance as well as a FICO score. 

Sallie Mae Accelerate: The Accelerate card earns 1.25% back on all purchases. There is an additional 25% bonus on any cash back rewards used to pay down student debt.

Sallie Mae Evolve: Similar to the Accelerate card, the Evolve card also earns 1.25% cash back on all purchases. There is also a 25% cash back bonus earned on this card too. This card will pay the bonus in the two highest spending categories each month.  

Sallie Mae Ignite: This is more of a student card, earning 1% cash back on all purchases. The Ignite card will give its users a 25% bonus after making 6 consecutive and on time payments. 

Final Thoughts

When you consider that there are many cards out there without an annual fee that also give you a 2% cash back on all purchases, earning only 1.25% seems like a pretty weak offering. Especially considering that the cash back cards that  don’t give you 2% are usually set to 1.5%. Of course, there is a bonus of 25% for each of these cards, but I still don’t think these cards are offering anything special. 

If cashback is you’re preferred strategy, then you would be much better off getting a PayPal 2% or a Citi Doublecash card. 

What do you think of these cards? Let us know below!

Like our article? Be sure to share it or leave a comment!

Share on facebook
Facebook
Share on twitter
Twitter

Leave a Reply

Your email address will not be published. Required fields are marked *

ABOUT US

Creditalacarte is a blog and youtube channel that is dedicated to travel hacking and general credit knowledge. Follow us to gain all of the insights you need in order to be successful in the credit game and keep up to date on current events!

Recent Posts