Commence Mastercard®

Image of the Commence™ Mastercard®
  • 25% student loan redemption bonus 

    every time you redeem cash back into a student loan account2

  • Earn 2% cash back

    on grocery store and utility purchases2

  • Get a $50 cash back bonus

    after you use your card to make a purchase in the first 90 days2

  • $0

    annual fee1

Rewards

  • Receive a 25% student loan redemption bonus

    every time you redeem cash back into ANY student loan account2
  • Earn 2% cash back

    on grocery store and utility (cable, phone, internet, electric and gas) purchases2
  • Earn 1% cash back

    on all other purchases2
  • Get a $50 cash back bonus

    after you use your card to make a purchase in the first 90 days after account opening2
  • Cash back redemption options

    - Transfer to ANY student loan (best value) and receive a 25% student loan redemption bonus2

    - Deposit directly into a U.S. checking or savings account2

    - Receive a statement credit2

  • No limit to the amount of cash back you can earn

    as long as your account is open, active and in good standing2

Benefits

  • 0% introductory APR for 15 months on balance transfers 

    made within 45 days of account opening. After that, a variable rate will apply, 14.74%, 21.74% or 23.74%, based on your creditworthiness. There is a fee for balance transfers1
  • Free online FICO® Credit Score access 

    lets you keep an eye on your credit score and get alerts when we learn that your score has changed2
  • $0 Fraud Liability protection

    means you’re not responsible for unauthorized charges you report to us

Interest Rates and Charges Summary

Fee Summary

See terms and conditions for a complete listing of rates and fees

Important Information

  1. Offer subject to credit approval. If at the time of your application you do not meet the credit criteria previously established for this offer, or the income you report is insufficient based on your obligations, we may not be able to open an account for you. This offer is available to first time cardmembers with new accounts. For information about rates, fees, other costs, the reward program rules (including cash back accrual rate, cash back awards, etc.) and benefits associated with the use of the credit card program, please see the Terms and Conditions.     

    Annual Fee: $0. For purchases and balance transfers, the variable APR is 14.74%, 21.74% or 23.74% variable, depending upon our review of your application and your credit history at account opening. The variable APR for cash advances is 25.99%. The APRs on your account will vary with the market based on the Prime Rate. The minimum monthly interest charge will be $.50. Balance transfer fee: 3% (min. $5). Cash advance fee: 5% (min. $10). Foreign transaction fee: 3%. The fee for the purchase of cash equivalent transactions (purchase of money orders, traveler’s checks, foreign currency, lottery tickets, gambling chips or wire transfer): 5% (min. $10). This information is accurate as of 01/04/2017 and is subject to change after this date. See Terms and Conditions for information about the terms of this offer.

  2. About Your Introductory APR: The 0% introductory APR on Balance Transfers will apply for the first 15 billing cycles that immediately follow each Balance Transfer made within 45 days of account opening. At the end of the introductory period the APR for all new and outstanding Balance Transfer balances will be either 14.74%, 21.74% or 23.74%, which will be determined at account opening based on your creditworthiness. This APR will vary with the market based on the Prime Rate. There is a fee for Balance Transfers. This introductory APR offer does not apply to Purchase or Cash Advance transactions. See the Terms and Conditions for more information about how, subject to applicable law, your APRs may increase if you pay late.

  3. Restrictions apply. Please read the Commence Credit Card Rewards Summary and Terms and Conditions for important information about rates, fees, benefits, restrictions, limitations, and other costs before applying.

Reward Summary

    Cardmembers will earn 2% cash back for every one dollar ($1.00) spent on grocery store and utilities purchases, and 1% cash back for every one dollar ($1.00) spent on all other purchases made using their card. Purchases must be submitted by merchants using the eligible merchant category codes for grocery stores and utility services to qualify for the 2% cash back. Neither Sallie Mae nor Barclaycard are responsible for incorrectly coded purchases. There is no limit to the amount of cash back cardmembers can earn as long as the program continues and the credit card account is open and in good standing.  You may not earn cash back, and/or may forfeit cash back, during any billing cycle in which your credit card account is closed or is not in good standing under the terms of the Cardmember Agreement. Balance transfers, cash advances, cash equivalent transactions, fees, finance charges, and unauthorized/fraudulent transactions do not earn cash back.

    Cardmembers have three (3) options for redeeming cash back: Redeem to pay down any student loan, redeem for a direct deposit into a U.S. checking or savings account or redeem as a statement credit. 

    Redeeming cash back to pay down any student loan offers the best value. Cardmembers will receive a 25% student loan redemption bonus with every redemption to pay down any student loan. For example, if you redeem $10.00 in cash back, this redemption will apply $12.50 towards a student loan (25% of $10.00 equals $2.50).  This 25% student loan redemption bonus is not earned on cash back redeemed for a direct deposit into a U.S. checking or savings account or a statement credit. 

    The primary cardmember will earn fifty dollars ($50.00) in cash back as a bonus after making a purchase not later returned or rescinded on your credit card account within the first 90 days of account opening. This one-time cash back bonus offer is valid for first-time cardmembers with new accounts only. 

    FICO® is a registered trademark of Fair Isaac Corporation in the United States and other countries. Barclaycard offers FICO® Credit Score access at its sole discretion. Not all accounts will have a FICO® Credit Score available. FICO® Credit Score access is not a permanent feature of your account and may be removed at any time. To view your FICO® Credit Score, your account with us must be open, active (having activity within the past 150 days) and in good standing.

    The Commence World Mastercard® is issued by Barclays Bank Delaware (Barclaycard) pursuant to a license by Mastercard International Incorporated. Mastercard and World Mastercard are registered trademarks of Mastercard International Incorporated.