Sallie Mae Ignite Card

Advertiser Disclosure Editorial Disclosure

Last updated on July 19th, 2021

Sallie Mae Ignite Card

Students Can Earn Cash Back Rewards

Sallie Mae Ignite Card
  • Regular Purchase APR 12.99% to 22.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 12.99% to 22.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 24.99% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Intro Purchase APR 0% for 6 months from account opening date
  • Processing Network Mastercard
Best Benefits
  • No annual fee
  • Earn unlimited 1% cash back on every purchase, every day
  • Get a 25% bonus on your cash back rewards when you make 6 consecutive on-time payments
  • 0% introductory APR on purchases for 6 months from account opening
Rates & Fees
  • Intro Purchase APR: 0% for 6 months from account opening date
  • Regular Purchase APR: 12.99% to 22.99% variable based on creditworthiness and the Prime Rate
  • Intro Balance Transfer APR: 0% for 6 months from account opening date
  • Balance Transfer APR: 12.99% to 22.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 24.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $39
  • Return Payment Penalty Fee: Up to $39
Credit Card Deals
card
33% + Extra 10% off Hotel Stays Longer Than 7 Nights. OYO Hotels Offer Expires on Dec 12, 2021 See Details
card
New Customers Offer - 15% off Your First Order of Contacts Plus Free shipping. Coastal.com Offer Expires on Jun 06, 2025 See Details
card
Receive up to 50% off hotels in addition to a 1% rebate CheckINN Direct Offer Expires on Dec 12, 2030 See Details
card
Save 15% Monster Offer Expires on Dec 12, 2030 See Details
card
Enjoy 5% rebate on all online bookings, global pass memberships and all premium subscription Coworker Offer Expires on Dec 12, 2030 See Details
card
Save up to 20% Squarespace Offer Expires on Dec 12, 2030 See Details
card
Save $500.00 Alibaba Offer Expires on Dec 12, 2022 See Details
card
Episode 1: Discover tequila secrets with the founders of Volcán de mi Tierra PijamaSurf Offer Expires on Dec 12, 2021 See Details
card
Mix it up during an online cocktail masterclass with Archie Rose Distilling Co. Archie Rose Distilling Co. Offer Expires on May 05, 2022 See Details
card
Be enchanted by the colours of Emilio Pucci Mastercard with Camera della Moda (CNMI) Offer Expires on Dec 12, 2021 See Details

At a Glance

Students often have a difficult time finding a cash back cards that are a good fit for them, since it takes time to build credit history and many high-tiered rewards programs require excellent credit. However, Sallie Mae’s Ignite℠ Credit Card is a great cash-back option that will help students establish their credit while earning bonus rewards for responsible financial behaviors.

Ideal for Those Who:

  • Want to earn unlimited 1% cash back on all purchases and a cash back bonus for responsible financial behavior
  • Don’t want to pay an annual fee
  • Will take advantage of an introductory APR of 0% for six months after account opening
  • Are a student, or someone looking to build their credit history

Sallie Mae Ignite Card Review

Perfect for students who want to begin to build credit history, the Sallie Mae Ignite Credit Card is a great cash-back reward program credit card, offering competitive interest rates, sign up bonuses and special bonuses that reward the user for responsible financial behavior. This card is marketed towards students specifically; however, it can can also be utilized by anyone who has not established their credit and wants to earn rewards as they build their credit history.

Unlimited Cash Back

The Sallie Mae Ignite Credit Card offers unlimited 1% cash back on everyday purchases. Students will find this particularly enticing, since It means they can earn rewards on pretty much anything they use their card to purchase; basically, students who pay their bills using this card will earn significant rewards. Grabbing a coffee at Starbucks to fuel that all-nighter before your biology exam? You’ll earn 1% cash back even as you grow your knowledge (and your credit history!).

Intro APR Offer

Once you are approved for your Sallie Mae Ignite Credit Card, you’ll receive an introductory bonus APR of 0% for the first six months your account is open. You won’t pay an annual fee, which will also save you money – and once the introductory APR period has ended, you’ll be subject to competitive, low interest rates that will be determined based on your card usage and responsible financial behavior. Speaking of responsible financial behavior, students who make regular on-time payments will also earn a special bonus on your cash back rewards. To qualify for an extra 25% bonus, make six consecutive on-time payments; you’ll be able to unlock additional rewards with responsible financial behavior, at the discretion of the card issuer.

Cardholder Protection

Sallie Mae’s credit cards come with a suite of convenient (and free) tools for cardholders. Download their app to access your account from your smartphone or tablet device – you can pay bills, view transactions, and set up alerts quickly and easily. You can even pause your card quickly from the app, in the instance that your card has been lost, misplaced, or stolen. The app makes it easy to dispute fraudulent charges, too – and don’t worry, with the Sallie Mae Ignite Credit Card, you won’t be held responsible for purchases you didn’t make. You’ll be able to track your rewards by setting daily, weekly, and monthly spending alerts; use these to get insight into your spending habits, which can help you work towards a great credit score. You’ll have access to your FICO score, and much more.

Cell Phone Protection

Another great feature for students: When you pay your monthly cell phone bill with the Sallie Mae Ignite Credit Card, you’ll receive up to $600 per claim in cell phone protection, so if you drop your phone on the way to class or it gets stolen, you’ll be covered.

Should You Apply for the Sallie Mae Ignite Card?

The Sallie Mae Ignite Card is an excellent option for recent college graduates that’s ant to earn rewards, but struggle to find other lenders willing to take them on. The card provides reliable rewards, a tantalizing introductory offer, and better access to credit with responsible usage – what’s not to love?

Related Article: What Are the Easiest Credit Cards for Bad Credit to Get?

Browse Other Cards:

Browse Other Sallie Mae Credit Cards: