Sallie Mae MasterCard

Apply Now

on Barclaycard's secure website

Apply Now

on Barclaycard's secure website

Sallie Mae MasterCard

Apply Now

on Barclaycard's secure website

Apply Now

on Barclaycard's secure website

Card details

  • Earn 1% on purchases
  • Earn 5% cash back on gas and groceries up to $250 spent in each category per month, as well as 5% on bookstores up to $750 a month.
  • You can redeem your points as cash to pay off your Sallie Mae student loan, cash back into your Upromise account, or a statement credit

APR, Variable

Min APR: 14.74%, Variable

Max APR: 23.74%, Variable

Penalty APR: Up to 27.99%, Variable

Cash Advance APR: 25.99%, Variable

Pros

  • Bonus cash back categories
  • No annual fee
  • 0% for 15 mos on transfers

Cons

  • Needs excellent credit

Rewards rate

1.00%

Annual fee

$0

Intro APR

Purchase: None

Transfer: 0% for 15 mos

Recommended credit score

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NerdWallet Review

Author: Claire Tsosie

With generous cash-back rewards for everyday purchases, the Sallie Mae MasterCard offers high ongoing value with a simple earning structure – and you don't need to have student loans to qualify for it. You’ll get 5% cash back for gas stations and grocery stores up to $250 a month in each category and 5% cash back for bookstores up to $750 a month, which adds up to $750 in bonus category earnings each year if you hit those caps. On top of that, you’ll snag 1% cash back for all other purchases and earn a small $25 Cash Bonus - after first purchase, made within 90 days of account opening.

The card also offers flexible redemption options. You'll net one cent per point, which you'll be able to redeem as a statement credit, a credit in your Upromise account (a type of free education savings program on Sallie Mae’s website) or a credit on your Sallie Mae loan.

True, the Sallie Mae MasterCard may not be the best pick if you're hunting for a juicy sign-up bonus or airline miles. But if you're looking for an excellent cash-back card that helps you earn even when your spending isn't exactly off-the-charts, it may be a perfect fit.

NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.

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