Sallie Mae now only offers the Upromise credit card. Click here to learn more about Upromise's rates and terms.

If you have student loans or just appreciate a generous cash back rewards program, the Sallie Mae World Mastercard is ideal. Especially if your credit is excellent, you could enjoy a very low APR in addition to your cash rewards. But rewards seekers who love to travel will be disappointed with the rewards available for this card.

Who Is the Sallie Mae World Mastercard Designed For?

The best candidates for the Sallie Mae World Mastercard are individuals with excellent credit who also have loans with Sallie Mae. That's because one of the perks of this card is that it allows cardholders to apply cash back rewards toward Sallie Mae student loans. But the Sallie Mae World Mastercard is also a regular credit card, available to the general public.

Are There Annual Fees?

There are no annual fees.

Does the Sallie Mae World Mastercard Card Offer Rewards?

The Sallie Mae World Mastercard offers cash back rewards exclusively. Cardholders earn 1 percent cash back on all purchases. Cardholders also earn 5 percent cash back each month on the first 250 dollars spent using the card for gas and another 5 percent cash back each month on the first 250 dollars spent using the card for groceries. Cardholders also earn 5 percent cash back each month on the first 750 dollars spent on books.

Are There Foreign Transaction Fees?

Foreign transactions are subject to a 3 percent fee, payable in US Dollars, which is ironic, given the name of the card.

Are There Late Payment or Other Penalty Fees?

Late payment penalties and returned payment penalties are up to 37 dollars. Cash advances are charged either 10 dollars or 5 percent for each transaction, whichever is greater.


The Sallie Mae World Mastercard has one of the most generous cash back rewards programs For individuals with student loans, the Sallie Mae World Mastercard could be a great resource. Bookworms could also finance a good portion of their libraries. But travelers or individuals who want merchandise included among the perks for their cards should look elsewhere.

  • Card Type
    • Balance Transfer
    • Rewards
  • Customer Type
  • Card Network
  • Minimum Age
  • Late Payment Penalty
  • Minimum Interest Charge
  • Returned Payment Fee
  • Foreign Currency Transaction Fee
  • No Annual Fee
  • Car Rental Insurance
  • Extended Warranty
  • Fraud Liability
  • Lost Luggage Insurance
  • Travel Insurance
  • Cashback
  • Purchases APR
    Starting at 13.99%
  • Transfer Fee
    4% w/$10 min.
  • Balance Transfer APR
    Starting at 13.99%
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0 votes

If you use Amazon, this card is for you. I buy most of my stuff from there and this card makes it even better with the cash back I get. I've had it for about 8 months now and have nothing to complain about. My rewards keep racking up which is awesome.

0 votes

Customer service is okay, but the card works well for student loans. I got an introductory rate so paying off my student loans was a lot easier. I saved a bit in interest, but every penny helps when you're looking for a job after college. I'd recommend this card to fellow recent grads.

0 votes

I use this card strictly for the cash back. Mostly for gas, since that gets you the most back. I immediately transfer all the cash back I get into a savings account to pay for school. Little by little, it's adding up. The best part is that I'm getting the cash back for things I'd be buying anyway.

0 votes

I love this card. I have a family, and this card seems to be geared toward things we buy most like gas and at stores we shop at. We use it often and pay it off each month, so the interest rate really doesn't matter to us. Great card, though.

0 votes

I love the 5% back on gas and groceries. They aren't my biggest expenses, but those are what I use this card for exclusively. I keep everything separated (it works for me) so I get my cashback just from those areas. I couldn't be happier because it adds up really quick.

0 votes

I had a little issue adding someone to my account to be an authorized user, but calling into customer service was a breeze. They were super helpful and added the person within minutes. I caused such a problem online, but they were able to fix that, too.

0 votes

I really like this card. I find that I get quite a bit back when I use it--especially when I log on to Upromise and then go to online sites from there. I would suggest bookmarking the Upromise site and always checking on there if any online retailers are on there. You'd be surprised at who is on there. More and more everyday.

0 votes

This card is good for cashback rewards if you are buying college textbooks, groceries, and gas. I wouldn't recommend it if you have a large family and have a huge gas bill, but for smaller bills, it works pretty well. I have no complaints so far since the card works for me.

0 votes

I use the Sallie Mae World Mastercard for my largest bills- gas and food each month to get the cash back benefits. It works better than having small purchases add up, since its only a few transactions. I love the cash back and will continue to use this because of it.

0 votes

I use my Sallie Mae card to pay off my current student loan. Its been working well and so far I haven't had any issues. I honestly feel like this card was made for me since I use Amazon a ton. I couldn't be happier; this is one solid credit card.

0 votes

Nice card that allows you to save up to 10% cash back when you play your cards right. You get 5% back when you buy merchandise throught the Upromise site. You go into the website where you want to buy something through Upromise, and then if you use the credit card to make the purchase, you get an additional 5% off. So as an example, for Christmas I bought my mom a bakeware set. It cost $250 on Macys.com. I went into Upromise, which directed me to Macy's and used ... the card. All told I saved $25 bucks! More Less

0 votes

If you have a student loan, give this credit card a try. You can use the cash back (5% on gas and groceries) toward repaying it. The signup bonus (2,500 points) is easy to qualify for, just make a purchase within the first 90 days. There is no annual fee and the interest rate is not bad, considering the alternatives.

0 votes

The best aspect of this card is the cash back. I've used other credit cards with cash back rewards, but this one seems to add up much quicker. After only a few months I've earned what I earned in a year with one of my other cards. Best rewards system ever!

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