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- Deserve® EDU Mastercard for Students
Best student cash back card for limited credit history
- 1% Cash BackRewards Rate
- 23.99% VariableAPR
- $0Annual Fee
- None–PoorRecommended Credit
MoneyGeek’s methodology for this review involves collecting credit card information, standardizing data points, analyzing potential cardholder profiles, considering annual and introductory bonuses, establishing the card values and reviewing data monthly to reprocess rankings.
The Deserve® EDU Mastercard for Students is primarily meant for students with a limited credit history. Usually, people with bad credit scores would have to put down a security deposit or have a co-signer to get approved for a credit card. However, this isn't the case with this unsecured card.
Since you don’t need a Social Security number to apply for this card, it is an excellent option for international students in the U.S.
Deserve® EDU Mastercard for Students Overview
Understanding the bonus and rewards structures of this card will help make your decision-making process easier.
- Earn 1% unlimited cash back on all purchases
- Receive one year of Amazon Prime Student on Deserve after spending $500 in the first three billing cycles from account opening
- Receive up to $600 in cell phone protection when you use the card to pay your monthly cell phone bill
Important Card Details
You’ll have a clear picture in your mind about the various fees associated with the Deserve EDU Mastercard for students after reading the fine print of this card. With a relatively high APR and low cash back rate, this card doesn’t excel in these areas like some competing cards.
This card charges a high variable regular APR of 22.99%, a much higher rate than you’ll find with some other cards. This means that to avoid a lot of interest on your balance, you should pay it off in full every month.
Cash back Rewards Rate
With this card, you’ll get a flat cash back reward of 1% on every type of purchase. It’s certainly better than nothing, but many other cards offer higher rates and/or bonus categories that help you accrue rewards faster.
The Deserve® EDU Mastercard for Students also offers some other features for their customers.
- Zero fraud liability: In case your card is lost or stolen, you won’t be liable for any unauthorized transactions that take place.
- Mastercard ID Theft Protection: With this feature, your card will be monitored for any suspicious activity and you’ll be immediately notified if any fraudulent activity occurs.
- Easy pre-qualification: You can pre-qualify for this card without affecting your credit score.
How the Deserve® EDU Mastercard for Students Compares To Other Cards
The Deserve® EDU Mastercard for Students compares well with other cards in the same category because very few cards meant for students have a $0 annual fee and no fee for international transactions.
In-Depth Credit Card Comparisons:
- Deserve® EDU Mastercard for Students vs Chase Freedom® Student credit card
- Deserve® EDU Mastercard for Students vs Journey Student Rewards from Capital One
- Deserve® EDU Mastercard for Students vs Capital One Quicksilver Student Rewards
- Deserve® EDU Mastercard for Students vs Capital One SavorOne Cash Rewards Credit Card for Students
How the Deserve® EDU Mastercard for Students Compares
Deserve® EDU Mastercard for Students
- Purchase APR: 22.99% variable
- Annual fee: $0
- International transactions fee: None
- Cash back rate: 1%
- Best for: international students without an SSN and frequent travelers
Chase Freedom® Student credit card
- Purchase APR: 19.99% variable
- Annual fee: $0
- International transactions fee: 3%
- Cash back rate: 1%
- Best for: Students with no credit history looking for an easy cash back rewards program
Frequently Asked Questions
- Deserve. "Credit Cards." Accessed August 30, 2021.
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