Have student debt? There's a new credit card for that
The Accelerate card comes with 1.25% cash back on all purchases plus an extra incentive for student loan borrowers: a 25% bonus on cash-back rewards that are used to pay down any federal or private student loan.
"The goal is not to increase debt but to establish credit and do so responsibly," said Rick Castellano, a spokesman for Sallie Mae.
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