Deserve EDU Mastercard for Students: The Ultimate Credit Card for Students

The Deserve EDU Mastercard for Students is a specially designed credit card aimed at college students looking for a rewarding and flexible financial solution. Issued by Deserve, this card caters to the needs of young adults while providing essential benefits, robust rewards, and security features that are ideal for first-time credit card users.

Card Type

The Deserve EDU Mastercard is a student credit card. Unlike traditional credit cards, it is tailored specifically for students, enabling them to build credit history responsibly while enjoying meaningful rewards.

Annual Fee

One of the standout features of the Deserve EDU Mastercard is that it comes with no annual fee. This aspect makes it an ideal choice for students who may have limited budgets but still want to enjoy the benefits of a credit card.

Rewards Program

With the Deserve EDU Mastercard, cardholders earn 1% cashback on all purchases, making it easy to accumulate rewards with everyday spending. Additionally, the card features a unique opportunity: students earn 3% cashback on travel and dining purchases, amplifying the value for those who enjoy outings with friends or traveling during breaks. Cashback rewards can be redeemed as statement credits, which are simple and straightforward for users.

Sign-Up Bonus

New cardholders can also benefit from a welcome bonus. After spending $500 in the first three months from account opening, cardholders receive a $30 statement credit. This initial bonus adds immediate value and encourages responsible spending habits right from the start.

APR (Annual Percentage Rate)

The Deserve EDU Mastercard for Students has a regular APR of 19.49%. Although there is no introductory APR offer, this rate is competitive compared to other student cards, allowing for manageable repayment terms for cardholders who pay attention to their budgets.

Foreign Transaction Fees

This card does not impose any foreign transaction fees, making it an excellent choice for students studying abroad or those who travel internationally, ensuring that users arent penalized for using their card overseas.

Balance Transfer Options

While this card does not currently offer promotional balance transfer APR rates, its important for users to keep in mind that responsible credit use entails paying off any balances in full to avoid accruing interest.

Additional Fees

Besides the no-annual-fee structure, the Deserve EDU Mastercard has late payment fees, which range up to $40, and a cash advance fee of 5% of the amount of each cash advance (minimum $10). It’s advisable for cardholders to be aware of these fees and avoid late payments.

Card Benefits and Perks

The card offers several additional benefits that enhance its value. Cardholders have access to various perks, including:

• Cell phone protection (up to $600 per year with a $25 deductible).
• Access to travel accident insurance and purchase protection, which provides additional peace of mind for purchases made using the card.

Customer Protections and Insurance

Cardholders benefit from fraud liability with $0 liability on unauthorized purchases, protecting them against unexpected expenses if their card is lost or stolen. Furthermore, the card includes purchase protection, which covers eligible purchases against theft or damage. Rental car insurance is also offered when users pay for their car rental with this card.

Eligibility and Credit Score Requirements

The Deserve EDU Mastercard for Students is designed for students, making it accessible even for those with limited credit history. Generally, a credit score of 580 or higher is preferred, but no credit history is required to apply. This opens up doors for many students looking to build their credit profiles.

Introductory Offers

Currently, the Deserve EDU Mastercard does not offer any introductory APR rates. However, it compensates with robust rewards and unique benefits tailored for students.

Special Features or Unique Selling Points

A compelling unique selling point of this card is its partnership with various platforms to offer student-specific perks, such as extended warranties on certain purchases and discounts on services used by students.

How to Apply

Applying for the Deserve EDU Mastercard for Students is easy and streamlined. Interested applicants can visit the ‘>Apply Here to start your application for the Deserve EDU Mastercard. For more insights on managing finances, consider visiting UpCube.net.