Learn how to apply for the Deserve® EDU Mastercard for Students
As a student seeking a dependable card, it is crucial to understand the process of applying for this card.
Understanding the Deserve® EDU Mastercard for Students
College is a time of numerous firsts, and getting your first credit card is often a natural step. Building a solid credit history before graduation is just as important as earning good grades, as it will aid you in future endeavors such as purchasing a car or renting an apartment for your first job.
When it comes to credit card options, a student credit card is often a good starting point. The Deserve® EDU Mastercard for Students can be a suitable choice for building credit. This card does not require a cosigner or a security deposit, and it offers benefits such as a free year of Amazon Prime Student after spending $500 within the first three months of opening the card.
This card has been highly regarded by many users, ranking as the best student Mastercard, the best card for international students, and the best card for students with no credit history. However, applicants must be at least 18 years old, enrolled in college, and have a U.S. bank account.
Unlike other credit cards, the Deserve® EDU Mastercard for Students evaluates applicants’ creditworthiness using their financial histories and a unique algorithm. It also considers the balances of their American bank accounts to assess their ability to make payments. Additionally, Deserve looks at applicants’ contact information, including their home address, email, and phone number, to verify its authenticity.
To apply for this card, you do not need a Social Security Number. However, applicants under 21 years old are required to demonstrate their ability to manage their own financial obligations. Deserve does not allow co-signers, a policy shared by many other credit card issuers.
Eligibility for the Deserve® EDU Mastercard for Students
While the Deserve® EDU Mastercard for Students makes credit more accessible for many students, applicants under 21 years old must still prove their financial independence. Additionally, applicants must have a U.S. bank account, be over 18 years old, and be enrolled in school. However, a Social Security Number is not necessary for application.
How to Apply for the Deserve® EDU Mastercard for Students
When applying for this card, you will first need to specify whether you are an American citizen or an international student intending to study abroad. While some information may vary depending on your choice, the application process remains generally the same. You will need to provide personal information and other details for the Deserve algorithm to assess your eligibility.
Is the Deserve® EDU Mastercard for Students Worth It?
The Deserve EDU Mastercard for Students offers a straightforward method for students to start building credit. It has no annual fee and no international transaction fees, making it convenient for students. The card also provides unlimited 1% cash back on all purchases and an introductory offer of Amazon Prime Student reimbursement. While there are other student credit cards with better rewards rates and more extensive benefits, the Deserve EDU Mastercard is particularly suitable for international students or those seeking a simple starter card.
Deserve® EDU Mastercard for Students vs Savor Cash Rewards
Both the Deserve® EDU Mastercard for Students and the Savor Cash Rewards card have their merits, but they cater to different profiles of students. The Deserve option is ideal for international students or those with poor credit scores looking for a simple card. On the other hand, the Savor Cash Rewards may be a better choice for individuals with good credit scores who frequently spend on entertainment and dining out.
Benefits of the Deserve® EDU Mastercard for Students
- No annual fee
- No foreign transaction fees
- Includes phone protection and other advantageous features
- No Social Security number requirement, allowing international students to apply
Benefits of the Savor Cash Rewards
- 4% cash back on eligible categories
- Entertainment is a featured rewards category
- No foreign transaction fees
- No reward ceiling
How to Apply for the Savor Cash Rewards
If you are interested in the Savor Cash Rewards card, we encourage you to read our “how to apply” article to learn more about its benefits and see if it suits your needs.
