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.

• 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.

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. Sallie Mae Ignite Credit Card For Students reports to multiple credit bureaus.	Does not offer a signup bonus. Charges a foreign transaction fee of 3%.

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% .

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 report your account activity to credit bureaus?

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