Does Sallie Mae own Upromise?

Does Sallie Mae own Upromise?

In May 2020, Upromise was acquired from owner Sallie Mae by loyalty marketing company Prodege.

What is Upromise by Sallie Mae?

Upromise by Sallie Mae is one of the many rewards programs in which participants accrue cash back points on purchases from participating vendors, including gas stations, restaurants, grocery stores, travel companies, and online retailers.

How does Upromise make money?

The first way to earn cash with Upromise is through their online shopping portal. Upromise.com, much like travel rewards malls, credit card issuer rewards malls, or independent cash back websites, has partnerships to offer savings with hundreds of different retailers.

What is Upromise program?

Upromise is a free rewards program that helps families save for college. Earn cash back rewards for everyday activities (including online shopping, dining out, grocery shopping, buying gift cards, and more) that automatically go into your child’s college fund. Not only is Upromise free, they’ll pay you to join.

Do I have a Upromise account?

On your home screen, you will see your Summary balances with Upromise at the top of the page: Pending Rewards– reward transactions that are eligible for rewards but have not yet been posted to your Upromise account.

How do I cash out my Upromise account?

You can request a withdrawal online at www.ssga.upromise529.com or by calling 1.800. 587.7305. We are required to file IRS Form 1099-Q if you take a withdrawal from your SSGA Upromise 529 account.

How does Upromise Dining work?

How do I earn Upromise rewards when dining at restaurants? As a Upromise member, you are eligible to earn 2.5% cash-back rewards on your total meal cost, including drinks, tax and tip (increased to 5% if you pay with a Upromise Mastercard).

Is Amazon part of Upromise?

Online Shopping If you make the purchase with the Upromise credit card, a higher percentage is awarded. No, Amazon does not participate.

How do you maximize Upromise?

The most likely way to maximize rewards with the Upromise Mastercard is to use the card as part of a college-savings strategy. By turning on Round Ups and linking a 529-plan account, it’s possible to earn extra cash back for each purchase.

Is Upromise a 529 plan?

What is the SSGA Upromise 529 Plan? The SSGA Upromise 529 Plan is a 529 plan—a tax-advantaged plan sponsored by individual states to encourage individuals and families to save for future higher education expenses.

How do you access Upromise money?

How do I delete Upromise account?

To close an active Upromise account, please login to your account, submit a Contact Us request from the Support page, and let us know that you would like to close your account.

What kind of loans does Sallie Mae do?

Sallie Mae previously originated federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP). and worked as a servicer and collector of federal student loans on behalf of the Department of Education. The company now offers private education loans and manages more than $12.97 billion in assets.

Who is the current chairman of Sallie Mae?

Prior to Franke, Raymond J. Quinlan served in the role, having joined the board in 2014 to replace previous chairman Anthony P. Terracciano—formerly president of First Union Corporation (now Wells Fargo). Quinlan was also the chief executive office of Sallie Mae from May 2014 until March 2020, when current CEO Jonathan Witter assumed the position.

Is Sallie Mae and Navient the same company?

On February 25, 2014, Sallie Mae announced the launch of Navient, a separate entity for federal student loan servicing. On April 30, Sallie Mae legally separated from Navient, and made its primary focus private student loans, banking products, and credit cards for college students and their families.

What happened to Upromise loyalty program?

In May 2020, Upromise was acquired by loyalty marketing company Prodege. On April 16, 2007, Sallie Mae announced that an investor group led by J.C. Flowers & Co. signed an agreement to purchase Sallie Mae for approximately $25 billion.