dr150
Diamond Member
- Sep 18, 2003
- 6,571
- 24
- 81
As of March 1, SallieMae 5% cash back becomes just 2%!
So, I get a letter from my credit card company. The card is a SallieMae Rewards Mastercard. Up to $250 I get a 5% cash back for groceries, gas or books when purchased from retailers specializing in those categories.
The letter says that on March 1, 2017 they are starting a new program and cancelling the old one. The new one is a Commence SallieMae card and features just 2% in those categories but no limit. The no limit has no appeal for me because I never get close to the current $250 limit. I may never use the SallieMae card again if the rebate is only 2%, I'll likely just use my Citi Double Cash, it's practically the same thing and I don't have to sweat weather my purchase is at an eligible retailer.
Yup. Got that same letter.
I cashed my rewards and closing the card.