- Jul 11, 2001
- 41,119
- 10,335
- 136
I got a letter from my credit card company, yesterday. The card is a SallieMae Rewards Mastercard. Currently, up to $250 I get a 5% cash back for groceries, gas or books when purchased from retailers specializing in those categories. I have been using the card for all my grocery shopping at local supermarkets or Trader Joe's.
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.
I called customer service a few minutes ago to confirm the change and was explained the terms. He was evidently instructed to plug the no-limit feature of the new card as incentive to use it. That's of no value to me, and I figure I'll remove the card from my wallet and put in the sock drawer with the other "why bother" credit cards I have.
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.
I called customer service a few minutes ago to confirm the change and was explained the terms. He was evidently instructed to plug the no-limit feature of the new card as incentive to use it. That's of no value to me, and I figure I'll remove the card from my wallet and put in the sock drawer with the other "why bother" credit cards I have.
Facebook
Twitter