
Sallie Mae Ignite Credit Card For Students
Would you recommend Sallie Mae Ignite Credit Card For Students to your friends?
Community Rating |
Rating not yet determined |
Purchase APR (Variable APR) |
15.99% - 27.99% (Verified 10/21/2022) |
Balance Transfer APR (Variable APR) |
15.99% - 27.99% (Verified 10/21/2022) |
Credit Score Range | 650 - 850 |
Annual Fee | $0 |
Sallie Mae Ignite Credit Card For Students Review
This is a cashback 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.
Key Takeaways
- 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 15.99% up to 27.99%.
- No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
- 3% Balance transfer fee. Sallie Mae Ignite Credit Card For Students charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
- 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 will have good approval odds if your credit score is above 650.
Pros & Cons of Sallie Mae Ignite Credit Card For Students
The Good | The Bad |
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Sallie Mae Ignite Credit Card For Students FAQ
Does Sallie Mae Ignite Credit Card For Students have a cash back or rewards program?
No, it does not offer a rewards program. This is a cashback card. This means you earn a percentage of your purchases as cash back rewards. You will receive 1% cash back on travel, dining, groceries, drugstore purchases, or any other 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?
It provides the following benefits:
- Zero fraud liability
- Cell Phone 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 regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.Sallie Mae Ignite Credit Card For Students has a variable purchase APR that ranges from 15.99% up to 27.99%. The card has a variable balance transfer APR that ranges from 15.99% up to 27.99%. It also has a variable cash advance APR of 27.99% .
Does Sallie Mae Ignite Credit Card For Students have an intro APR offer on balance transfers?
Yes, it offers an intro APR rate on balance transfers of 0% for a period of up to 6 months.
Description | |
---|---|
Balance Transfer Fee % After Intro Period | 3% |
Balance Transfer Introductory APR | 0% |
Balance Transfer Intro APR Period | 6 months |
Balance Transfer APR | 15.99% - 27.99% |
Balance Transfer Fee Minimum | $5 |
Balance Transfer Fee % | 3% |
Does Sallie Mae Ignite Credit Card For Students have an intro APR offer on new purchases?
Description | |
---|---|
Introductory Rate | 0% |
Purchase Intro APR Period | 6 months |
This card does offer an intro APR rate of 0% on qualified purchases for a period of up to 6 months.
What are the fees for Sallie Mae Ignite Credit Card For Students?
The following fees apply:
- There is no overlimit fee
Fees | Amount |
---|---|
Annual Fee | $0 |
Overlimit Fee | $0 |
Foreign Transaction Fee | 3% |
Returned Payment Fee | up to $39 |
Late Payment Fee | up to $39 |
This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.
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 foreign transaction fees.What is the customer service phone number for Sallie Mae Ignite Credit Card For Students?
The Sallie Mae Ignite Credit Card For Students customer service number is (800) 472-5543.
What is the support contact email for Sallie Mae Ignite Credit Card For Students?
The support contact email for Sallie Mae Ignite Credit Card For Students is schoolassist@salliemae.com.
What is the Sallie Mae Ignite Credit Card For Students login page?
You can access the Sallie Mae Ignite Credit Card For Students login page here.
How do people rate the customer service and user experience of Sallie Mae Ignite Credit Card For Students?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
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.
Contact
- Headquarters
-
300 Continental Drive
Newark, DE 19806 USA - (800) 472-5543
- Visit Site
- Email Support
Other Services by Sallie Mae
Other Credit Cards by Sallie Mae
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- 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
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
Introductory Rate | 0% |
Purchase Intro APR Period (Variable APR) | 6 months |
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Would you recommend Sallie Mae Ignite Credit Card For Students to your friends?
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