Just reposting this to remind people that this is the last day for 5%.
Sallie Mae is sending out a letter that their 5% card will be changed over to become a Commence Mastercard on March 1, 2017. “With the new Commence Mastercard, you’ll earn 2% cash back on grocery store and utility (cable, phone, internet, electric and gas) purchases and 1% cash back on all other purchases.”
The Sallie Mae card from Barclay offers 5% back (capped) on gas, grocery, and bookstore purchases. Amazon has been coding as a bookstore making it one of the best cards for Amazon purchases.
The card hasn’t been available for signup for quite some time, but it’s been working for existing cardholders. After March 1, 2017 all 5% categories will be gone and it will be an unattractive card which offers 1% everywhere and 2% on grocery and utilities.
Hat tip to davidknowsbeston r/churning
