Sallie Mae Enhances Cash Back Features on Accelerate℠ and Evolve℠ Credit Cards
July 29 2021 - 10:10AM
Business Wire
Increased Cash Back Rewards to Help Pay Down
Any Student Loan and Highest-Spending Categories
Sallie Mae® today announced increased cash back rewards for its
Accelerate℠ and Evolve℠ Mastercard® credit cards. Sallie Mae’s
Accelerate℠ credit card now offers one of the most generous
benefits in market when customers use rewards to pay down student
loans. Accelerate card holders will now receive 2% cash back on
rewards redeemed to pay down any federal or private student
loan.
In addition, Sallie Mae’s Evolve℠ credit card, which
automatically adjusts its rewards to how customers use their card,
will also offer 2% cash back on cardholders’ two highest-spending
categories.
Both Accelerate℠ and Evolve℠ customers also receive unlimited
1.5% cash back on all purchases, and can earn $200 after they spend
$1,000 in the first 3 months. Sallie Mae credit cards feature 100%
U.S. based customer service, and cell phone insurance. The new and
enhanced cash back rewards will be made available to both current
and new credit card holders.
“Our cards are designed to empower customers with the tools to
build a confident financial future,” said Jennifer O'Donald, senior
vice president, Sallie Mae. “Whether they want help paying down a
student loan, or to be rewarded for their own unique spending
habits, our new cash back features will help customers accelerate
their progress.”
Sallie Mae also offers Ignite℠, a credit card designed
specifically for college students to help them establish credit
responsibly. Ignite℠ is the only card with cosigner capability
offered by a major bank, and cardholders who make six consecutive,
on-time payments unlock a 25% bonus to earn 1.25% unlimited cash
back on everyday purchases. Ignite℠ customers can earn $50 after
they spend $250 in the first 3 months.
For more information visit www.salliemae.com/credit-cards.
Sallie Mae (Nasdaq: SLM) believes education and life-long
learning, in all forms, help people achieve great things. As the
leader in private student lending, we provide financing and
know-how to support access to college and offer products and
resources to help customers make new goals and experiences, beyond
college, happen. Learn more at SallieMae.com. Commonly known
as Sallie Mae, SLM Corporation and its subsidiaries are not
sponsored by or agencies of the United States of America.
Category: Banking
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version on businesswire.com: https://www.businesswire.com/news/home/20210729005719/en/
Ashley Boucher 856.430.0755 Ashley.Boucher@salliemae.com
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