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Accelerate℠ from Sallie Mae Bank Review

Accelerate℠ from Sallie Mae Bank — all information about the credit card.

Updated December 04, 2023
Advertiser Disclosure Our Methodology
Sallie Mae Bank Accelerate℠
Apply now
Our Rating:
3.92 out of 5
scorer
Recommended credit score
No Credit History to Poor (0-579)
  • Rewards Rate:
    • 1.5% Cash Back on every purchase (up to 2% when you redeem rewards toward student loans).
  • Intro Offer:
    • 200% Cash Back reward after you spend $1,000 in the first 3 months.
  • Annual Fee:
    $0
  • Purchase Intro APR:
    0% Introductory APR for 15 months from date of account opening
  • Regular APR:
    17.99% - 29.99% Variable
  • Balance Transfer APR:
    17.99% - 29.99% Variable
Show more

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Sallie Mae Bank Accelerate℠ Rewards Calculator

How do you record your expenses?
Enter your monthly spendings on:
1.5%
All purchases
$
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All benefits

  • Cash back
    • 1.5% On every purchase (up to 2% when you redeem rewards toward student loans).

Rate and fee information

  • Purchase Intro APR
    • 0% Introductory APR for 15 months from date of account opening
  • Purchase APR
    • 17.99% - 29.99% Variable
  • Intro Balance Transfer APR
    • 0% Introductory APR for 15 months from date of account opening for transfers authorized within 60 days from date of account opening
  • Balance Transfers APR
    • 17.99% - 29.99% Variable
  • APR for Cash Advances
    • 29.99% Variable
  • How to Avoid Paying Interest
    • Your due date is at least 23 days after the close of each billing cycle. You will not be charged any interest on purchases if you pay your entire balance by the due date each month.

Fees

  • Annual Fee
    • $0
  • Fees for Balance Transfer
    • Either $5 or 3% of the amount of each transfer, whichever is greater
  • Fees for Cash Advances
    • Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Return Payment
    • Up to $39
  • Late Payment
    • Up to $39
View all Rates & Fees

Pros & Cons

Pros:
  • No Annual Fee
Cons:
  • Foreign Transaction Fee

Features

Classic
Mastercard
  • 0% Intro APR
  • No Annual Fee
  • Fraud Protection
  • Rewards
  • Purchase Protection
  • Poor Credit

About the issuer

Sallie Mae Bank
Sallie Mae Bank has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your

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See Another Credit Cards in the Bank

Sallie Mae Bank Accelerate℠ is an option for those, who need Classic features. With an APR of 17.99% - 29.99% and $0 annual fee this credit card can easily cover your simple everyday demands. For high approval odds you need to have No Credit History to Poor (0-579) credit score. With Sallie Mae Bank Accelerate℠ you will get such features as 0% Intro APR, No Annual Fee, Fraud Protection, etc. To make sure about either this credit card is good for you or not compare it with other cards with similar features.

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