Sallie Mae MasterCard

Sallie Mae MasterCard

Sallie Mae MasterCard

Sallie Mae MasterCard

Sallie Mae MasterCard

Loading

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

  • View Rates and Fees

Rates, fees & offers

  • Annual fee

    $0

  • Rewards rate

    1.00%

  • Bonus offer

    $25 Cash Back Bonus - after first purchase, made within 90 days of account opening

  • Intro APR

    Purchase: None

    Transfer: 0% for 15 mos

  • Ongoing APR

    Min APR: 14.74%, Variable

    Max APR: 23.74%, Variable

    Penalty APR: Up to 27.99%, Variable

    Cash Advance APR: 25.99%, Variable

  • Balance transfer fee

    3%

  • Foreign transaction fee

    3%

Recommended credit score

Compare to other cards

Barclaycard Sallie Mae MasterCard Credit Card

Sallie Mae MasterCard

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual Fee

$0

Annual Fee

$95

Annual Fee

$95

Regular APR

14.74% - 23.74% Variable

Rates & Fees

Regular APR

15.99% - 22.99% Variable APR

Regular APR

13.99% - 23.99% Variable APR

Rates & Fees

Intro APR

Purchase: None

Intro APR

N/A

Intro APR

0% intro APR on Purchases for 12 months

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

Wondering if this card is the best match for you?

Wondering if this card is the best match for you?

Wondering if this card is the best match for you?

Just tell us some details and see which card matches your needs most.

Just tell us some details and see which card matches your needs most.

NerdWallet review

By Claire Tsosie

Rating details

4.5

Editor's overall rating

Pros and cons

Pros
  • No annual fee

  • 0% for 15 mos on transfers

Cons
  • Needs excellent credit

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 Back 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.