Learn how to apply for the Deserve® EDU Mastercard for Students
If you are a student and need a reliable card for your needs, you must be aware of how to apply for this card.
What do I need to know about the Deserve® EDU Mastercard for Students?
College is a period of many firsts, so getting your first credit card is frequently a natural step.
Building a solid credit history before you graduate is just as crucial as receiving good marks since it will help you later on when you need to buy a car or rent an apartment for your first job.
Deserve® EDU Mastercard for Students
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The first stage is frequently to obtain a decent beginning card, such as a student credit card.
The Deserve® EDU Mastercard for Students can be a good option for developing credit because it doesn’t require a cosigner or a security deposit and offers a few benefits like a free year of Amazon Prime Student after spending $500 in the first three months of opening the card.
Because you don’t need a social security number or a credit history to qualify, several users ranked this card as the best student Mastercard, the best card for overseas students, and the best card for students without credit histories.
However, you must be older than 18, enrolled in college, and in possession of a U.S. bank account.
The Deserve® EDU Mastercard for Students evaluates applicants’ creditworthiness using their financial histories and a unique algorithm, in contrast to other credit cards.
The start-up business also checks the balances of your American bank accounts to determine your ability to pay. Your contact information is also considered, including your home address, email, and phone number.
Deserve looks at how it has changed over time to see if you can easily get that information.
Deserve removes some of the hurdles to credit for many students, but all applicants under 21 are required by law to show that they can handle their own financial obligations.
Like many other issuers, Deserve does not allow co-signers.
Who can apply for the Deserve® EDU Mastercard for Students?
For many students, Deserve lowers some of the barriers to credit, but all applicants under 21 are mandated by law to demonstrate their ability to manage their own financial commitments.
You must also have a U.S. bank account, be older than 18, and be enrolled in school.
However, as previously indicated, a Social Security Number is not required to apply for this card.
How to apply for the Deserve® EDU Mastercard for Students?
The first thing on this card is to state if you are an American citizen, or if you are a student that is going to study abroad.
Despite the fact that some information change according to your choice, the basics still apply in these situations, you will need to provide some information about yourself and other things in order for Deserve’s algorithm to work.
Is it worth it to have a Deserve® EDU Mastercard for Students?
With no annual fee and no international transaction fees to worry about, the Deserve EDU Mastercard for Students offers a simple method for students to start establishing credit while enjoying a few student-friendly benefits.
Its limitless 1 percent cash back on all purchases, Amazon Prime Student reimbursement intro offer and other bonuses complete a strong overall package tailored to student needs.
Not all student credit cards are available with no credit history or no Social Security number.
The Deserve EDU Mastercard is most likely best used as a beginner card for international students studying in the United States or for students who just want a straightforward first card because a number of other student credit cards provide better rewards rates and more robust advantages.
Deserve® EDU Mastercard for Students vs Savor Cash rewards
Well, truth be said, both cards are good for students, but the profiles of both are very different.
The Deserve option, as we stated is amazing for students who are coming from abroad and/or wants a simple card for their poor credit score situation.
However, if you are the kind of person that already has a good score and gets out a lot, for theaters, restaurants, and such, then the Savor Cash Rewards may be a better choice.
Deserve® EDU Mastercard for Students benefits
- No yearly charge
- Absence of foreign transaction fees
- Advantageous features include phone protection
- Lacks a Social Security number requirement, making it possible for international students to apply.
Savor Cash Rewards benefits
- 4% cash back on eligible categories
- Entertainment is a rare rewards category card.
- Foreign transaction fees are not present.
- No reward ceiling
How to apply for the Savor Cash Rewards?
If you want to learn more about this card, we encourage you to get a read on our “how to apply” article and see the benefits for yourself