Deserve Edu Mastercard Review
The Deserve Edu Mastercard is designed for students looking to build their credit. This review delves into the card's features, credit-building benefits, and how it can help students establish a positive credit history.
The Deserve Edu Mastercard is a credit card designed for students who may not have an extensive credit history and are looking to establish or build their credit. Here is an overview of the card and some key features to consider in a review:
Credit Building: The Deserve Edu Mastercard is particularly useful for students who want to build their credit history. It is often available to students with limited or no credit history, making it a suitable option for those just starting to establish their credit.
No Annual Fee: This card typically does not have an annual fee, which is a positive aspect for students who may want to keep their credit card costs low.
Credit Limit: The initial credit limit may be relatively low, which can help prevent overspending for those new to credit cards. Responsible use and on-time payments can lead to credit limit increases over time.
Cashback Rewards: Some versions of the Deserve Edu Mastercard offer cashback rewards on purchases. These rewards can be a nice bonus, especially for students who use their credit card for everyday expenses. However, the rewards rate might not be as high as some other cashback cards.
No Social Security Number (SSN) Required: Deserve often approves applicants without requiring a Social Security Number. This can be beneficial for international students or those who don't have an SSN.
Credit Reporting: The card issuer typically reports your payment history to the major credit bureaus, which can help you build a positive credit history if you make on-time payments.
Mastercard Benefits: As a Mastercard, the Deserve Edu Mastercard may offer certain benefits, such as fraud protection, rental car insurance, and extended warranty protection.
No Cosigner Required: Unlike some student credit cards, Deserve typically does not require a cosigner. This can be helpful for students who want to establish credit on their own.
Keep in mind that while the Deserve Edu Mastercard has several advantages for students, the specific terms and features may vary, and it's essential to review the terms and conditions provided when applying for the card. Additionally, it's important to use the card responsibly by making on-time payments and avoiding carrying a high balance, as this will positively impact your credit score.
The details of specific credit cards, including the Deserve Edu Mastercard, may have changed. I recommend visiting the official Deserve website or contacting the issuer directly to get the most up-to-date information on the card's features, eligibility criteria, and any associated fees.
A detailed examination of the Deserve Edu Mastercard for students..
The Deserve Edu Mastercard for students is a credit card designed specifically for students. It offers a number of features and benefits that can help students build their credit history and save money on their education, including:
No credit history required
The Deserve Edu Mastercard does not require applicants to have any credit history. This makes it a good option for students who are just starting to build their credit.
Cash back rewards on eligible education expenses
The Deserve Edu Mastercard earns 1% cash back on eligible education expenses, including tuition, fees, books, and supplies. This can help students save money on their education costs.
Student loan repayment assistance
The Deserve Edu Mastercard offers a number of student loan repayment assistance features, including:
- A 1% statement credit on all student loan payments made with the card.
- A 0% APR on student loan balance transfers for the first 12 months.
- A 1% statement credit on all eligible balance transfers made to the card.
These features can help students save money on interest and pay off their student loans faster.
Credit building tools
The Deserve Edu Mastercard offers a number of credit building tools, including:
- A free credit score and report.
- Personalized credit tips and recommendations.
- A credit builder program that can help students increase their credit limit over time.
These tools can help students learn about credit and build their credit history responsibly.
Other benefits
The Deserve Edu Mastercard also offers a number of other benefits, including:
- No annual fee.
- No foreign transaction fees.
- Fraud protection.
- Purchase protection.
- Travel insurance.
Overall
The Deserve Edu Mastercard is a good option for students who are looking to build their credit history and save money on their education. It offers a number of features and benefits that are specifically designed for students, including no credit history required, cash back rewards on eligible education expenses, student loan repayment assistance, and credit building tools.
However, it is important to note that the Deserve Edu Mastercard also has some potential drawbacks. The interest rate is relatively high, and the cash back rewards rate is modest. Additionally, the card is only available to students in the United States.
Overall, the Deserve Edu Mastercard is a good option for students who are looking to build their credit history and save money on their education, but it is important to weigh the pros and cons carefully before applying.