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
Rates, fees & offers
$25 Cash Bonus - after first purchase, made within 90 days of account opening
Transfer: 0% for 15 mos
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
Foreign Transaction Fee
Recommended credit score
Not sure which card is best for you?
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.
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