Published on February 28th, 2017 | by Chuck52
Sallie Mae Neutering their 5% Card Starting Tomorrow (March 1st)
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 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