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Whether you’re new to the world of student credit cards or trying to decide which card is right for you, understanding the benefits of each card is an important part of the process. The Deserve® EDU Mastercard for Students is perfect for students who are new to credit cards, including international students, who want an affordable student credit card that offers cash back rewards and the opportunity to build good credit.
Read on to learn more about what other benefits the Deserve EDU Mastercard has to offer and how you can make the most of its benefits and perks.
Deserve EDU Mastercard Student Benefits
The biggest benefit of the Deserve EDU Mastercard for Students is the opportunity to build good credit even with no past credit history, but that’s not the only reason to apply for this card. Many students will also be interested in the Deserve EDU Mastercard’s cash back rewards, cell phone protection, and welcome bonus that covers the cost of one year of Amazon Prime Student membership (after you spend $500 over the first three billing cycles).
Here’s a breakdown of what you get with the Deserve EDU Mastercard for students:
No credit history required
The Deserve EDU Student Mastercard is designed to help college students get started on credit, and no previous credit history is required to apply. For example, if you don’t have much experience with credit, the Deserve EDU Student Mastercard can help you add positive information to your credit history. College students who don’t yet have a credit score can start establishing good credit with the Deserve EDU Student Mastercard.
No Social Security Number Required
The Deserve EDU Student MasterCard is ideal for international students because it does not require a Social Security number to apply. International students can submit their passport number and proof of checking account when applying for the card.
Cashback Benefits
The Deserve EDU Mastercard for Students offers 1 percent cash back on all purchases. Every time you earn $25 in cash back rewards, your cash back balance is automatically applied to your credit card bill as a statement credit. This way, you can enjoy all the benefits associated with cash back without having to remember to redeem your rewards.
Welcome Bonus
New cardholders who spend $500 in their first three statement cycles can get one year of Amazon Prime Student free. If you qualify for the welcome bonus and use your Deserve EDU Mastercard for Students to pay for your Amazon Prime Student membership, Deserve will issue you a statement credit of up to $59 to cover the cost of one year of Amazon Prime Student membership. For example, if you sign up for monthly payments, Deserve will issue you a statement credit each month. If you prepay for a year with your Deserve EDU Mastercard, Deserve will issue you one statement credit. (Note: this card is not currently accepting new applications, so this is not a current offer.)
Mobile Phone Protection
When you pay your monthly phone bill with your Deserve EDU Mastercard for Students, you’re automatically covered with Deserve’s Cell Phone Protection Plan. This cell phone insurance provides coverage for up to $600 per claim (excluding a $50 deductible) if your phone is stolen or damaged. The plan allows for two claims per year, with coverage of up to $1,000 on both claims.
No annual fee
Like all great student credit cards, the Deserve EDU Mastercard for Students has no annual fee, meaning you get all the benefits of the Deserve EDU Mastercard for Students without paying an annual fee.
Get the most out of your Deserve EDU Mastercard for Students
The Deserve EDU Mastercard for Students makes it easy to maximize your credit card rewards. With Deserve, you earn the same flat-rate cash back rewards on every purchase. Every time you earn at least $25 in cash back rewards, Deserve will automatically apply the rewards to your credit card bill as a statement credit.
It’s easy to earn the Deserve EDU Mastercard for Students welcome bonus. Just make $500 in eligible purchases over your first three statement cycles (just $167 per cycle). Then, enroll in your Amazon Prime Student membership with the Deserve EDU Mastercard. Deserve will then automatically issue you a statement credit of up to $59 to cover the cost of one year of Amazon Prime Student membership. (Note: this is not a current offer. The card is not currently accepting new applications.)
Conclusion
The biggest benefit of the Deserve EDU Mastercard for Students is the opportunity it gives anyone to build good credit, whether they’re new to credit, new to the U.S., or simply looking to apply for one of the best student credit cards available today.
But that’s not all the perks the Deserve EDU Mastercard for Students offers: With 1 percent cash back on every purchase, a welcome bonus that covers one year of Amazon Prime Student membership (up to $59 in statement credit after you spend $500 on purchases over the first three statement cycles), and the opportunity to take advantage of Deserve’s cell phone protection plan, this no-annual-fee student credit card can help you build credit and save money at the same time.
*All information about the Deserve EDU Mastercard for Students has been collected independently by Bankrate and has not been verified or endorsed by the issuer.
