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  Sallie Mae Ignite Credit Card For Students

Sallie Mae Ignite Credit Card For Students

in Personal Credit Cards from Sallie Mae

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Sallie Mae Ignite Credit Card For Students

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in Personal Credit Cards from Sallie Mae

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Purchase APR  (Variable APR) 12.99% - 22.99%
Balance Transfer APR  (Variable APR) 12.99% - 22.99%
Credit Score Range 600 - 850
Annual Fee $0

Sallie Mae Ignite Credit Card For Students Review

Sallie Mae Ignite Credit Card For Students is a cashback credit card issued by Sallie Mae. If you're wondering whether Sallie Mae Ignite Credit Card For Students is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways
  • Earn 1% cash back on everyday purchases.
  • 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 6 months , which is shorter than the average 0% APR period of 12 months.
  • 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
  • Competitive APRs. Sallie Mae Ignite Credit Card For Students has a variable purchase APR that ranges from 12.99% up to 22.99%.
  • No annual fee. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
  • Fair or better credit required. You stand a chance of qualifying if your credit score is not below 600.
Sallie Mae Ignite Credit Card For Students Pros & Cons
The Good The Bad
  • Lower than average purchase APRs.
  • 0% APR balance transfer intro rate on balance transfers for up to 6 months.
  • No balance transfer fee.
  • 0% APR on new purchases during the first 6 months.
  • No annual fee.
  • Considers applicants with fair or poor credit.
  • Earn rewards on every purchase.
  • Sallie Mae Ignite Credit Card For Students reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 3%.
Sallie Mae Ignite Credit Card For Students FAQ

Is there a Sallie Mae Ignite Credit Card For Students cash back or rewards program?

No, Sallie Mae Ignite Credit Card For Students does not offer a rewards program. Sallie Mae Ignite Credit Card For Students is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Sallie Mae Ignite Credit Card For Students you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 2% for purchases in a bonus category.

What are the Sallie Mae Ignite Credit Card For Students benefits?

Sallie Mae Ignite Credit Card For Students provides the following benefits:

  • Cellular Telephone Protection
  • ID Theft Protection
  • Reports to major credit bureaus

What are the relevant APRs for Sallie Mae Ignite Credit Card For Students?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Sallie Mae Ignite Credit Card For Students has lower than average purchase APRs.

Sallie Mae Ignite Credit Card For Students has a variable purchase APR that ranges from 12.99% up to 22.99%. The card has a variable balance transfer APR that ranges from 12.99% up to 22.99%. It also has a variable cash advance APR of 24.99% .

Does Sallie Mae Ignite Credit Card For Students have an introductory APR offer on balance transfers?

Yes, Sallie Mae Ignite Credit Card For Students offers an introductory APR rate on balance transfers of 0% for a period of up to 6 months.

Sallie Mae Ignite Credit Card For Students Balance Transfers
Description
Balance Transfer APR 12.99% - 22.99%
Balance Transfer Introductory APR 0%
Balance Transfer Intro APR Period (months) 6
Balance Transfer Fee % N/A
Balance Transfer Fee % After Intro Period 3%
Balance Transfer Fee Intro Period (days) N/A
Balance Transfer Fee Minimum $5

Does Sallie Mae Ignite Credit Card For Students have an introductory APR offer on new purchases?

This card does offer an introductory APR rate of 0% on qualified purchases for a period of up to 6 months.

Sallie Mae Ignite Credit Card For Students Purchase Intro Offer
Description
Introductory Rate 0%
Purchase Intro APR Period (months) 6

What are the fees for Sallie Mae Ignite Credit Card For Students?

The following fees apply to Sallie Mae Ignite Credit Card For Students:

  • There is no overlimit fee
Sallie Mae Ignite Credit Card For Students Fees
Fees Amount
Annual Fee $0
Overlimit Fee $0
Foreign Transaction Fee 3%
Returned Payment Fee up to $39
Late Payment Fee up to $39

Does Sallie Mae Ignite Credit Card For Students have a foreign transaction fee?

Sallie Mae Ignite Credit Card For Students charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

Does Sallie Mae Ignite Credit Card For Students report your account activity to credit bureaus?

Sallie Mae Ignite Credit Card For Students reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

How to apply for Sallie Mae Ignite Credit Card For Students

  • Visit the Sallie Mae Ignite Credit Card For Students website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 6 months
No Annual Fee  
Annual Fee $0
Over-Limit Fee $0
No Interest Grace Period for Late Payment 23 days
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Up to 5%
Minimum Cash Advance Fee ($) Starting at $10
Foreign Currency Transaction Fee 3%
Minimum Interest Charge $0.50
Returned Payment Fee Up to $39
Late Fee Amount Up to $39
Customer Type Student
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Cellular Telephone Protection
  • Fraud Liability
  • Identity Theft Protection
Bonus Rewards Earn 2% cash back on every purchase for your first 12 months; then 1% unlimited cash back thereafter.
Rewards Rates Every Purchase
Rewards Type Cash Back
Cash Advance APR (Variable APR) 24.99%
Balance Computation Average daily balance (including new purchases).
Purchase APR (Variable APR) 12.99% - 22.99%
Balance Transfer Fee % After Intro Period 3%
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer Intro APR Period (Variable APR) 6 months
Balance Transfer APR (Variable APR) 12.99% - 22.99%
Balance Transfer Fee Minimum $5
Card Type Cashback
Card Network Mastercard

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SUPERMONEY NET RECOMMENDATION SCORE

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Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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