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Pay off Sallie Mae with credit card

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  • Pay off Sallie Mae with credit card

    Hi im about to pay off a 54k Sallie Mae loan and was wondering if there is anyway to score credit card points off this without too much or any fees?

  • #2
    I used to be able to pay SL with a credit card over the phone back in the day, you couldnt online so I think I may had found a loophole. Racked up tons of miles and sign up bonuses, but unfortunately the gravy train ended after about 2 years. I refinanced shortly after anyway

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    • #3
      Obviously worth it if and only if the fee charged to pay by card is smaller than the value of the rewards. That doesn’t ever seem to happen, though…

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      • #4
        Originally posted by 8arclay View Post
        I used to be able to pay SL with a credit card over the phone back in the day, you couldnt online so I think I may had found a loophole. Racked up tons of miles and sign up bonuses, but unfortunately the gravy train ended after about 2 years. I refinanced shortly after anyway
        Thanks dude, I just sent a payment in on this advice. Too bad they don't take amex, just visa/MC/discover. Good thing I increased my CC limit on my visa but only 13k, gonna have to do this several times. Also, they stop accepting cards after october 1st

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        • #5
          Sometimes PayPal Key will be accepted as a debit card and the reduced fee therein (but can be linked to a credit card account) to get the rewards.

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