Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. Compensation and in-depth editorial research, determines where & how companies appear below. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. Compensation and in-depth editorial research, determines where & how companies appear below. 

Deserve® EDU Mastercard for Students

Learn More

Deserve® EDU Mastercard for Students Review

For international students, it has a $0 annual fee, and a $0 foreign transaction.

Deserve® EDU Mastercard for Students Review

Deserve® EDU Mastercard for Students

Learn More

For international students, it has a $0 annual fee, and a $0 foreign transaction.

Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Introduction

Navigating the financial landscape as a student can be daunting, especially when it comes to building credit and managing personal finances. The Deserve® EDU Mastercard for Students emerges as a beacon for those embarking on their financial journey, offering a suite of features tailored to the unique needs of the student demographic. Designed with simplicity and value in mind, this credit card provides an accessible pathway for students to not only build credit but also enjoy a range of benefits that enhance their academic and personal lives.

The Deserve® EDU Mastercard stands out with its no-annual-fee structure, making it an economical choice for students mindful of expenses. It addresses the common student dilemma of building credit without a prior history, offering a straightforward application process that doesn’t necessarily require a Social Security Number for international students. This inclusivity broadens its appeal, ensuring that a wider range of students can access the financial system and start building a credit history.

Welcome Bonus

The Deserve® EDU Mastercard for Students distinguishes itself with a unique welcome bonus aimed specifically at enhancing the lifestyle and convenience of its student cardholders. Unlike traditional credit cards that might offer cash back or points as a sign-up bonus, the Deserve® EDU Mastercard provides a practical and valuable perk tailored to the needs and interests of students.

Welcome Bonus Details

Upon approval and after making their first purchase of any amount with the Deserve® EDU Mastercard for Students, new cardholders are rewarded with a one-year subscription to Amazon Prime Student. This welcome bonus is particularly appealing because it directly addresses the multifaceted needs of students, from academic resources to entertainment and shopping conveniences. The subscription, valued at $59, covers a wide array of benefits that can significantly enhance a student’s life, both academically and personally.

Amazon Prime Student Benefits

  • Fast, Free Delivery: Enjoy free Two-Day Shipping on over 100 million items, ideal for ordering textbooks, study materials, or any last-minute needs without the worry of shipping costs.
  • Prime Video: Unlimited access to thousands of movies and TV shows allows students to unwind and enjoy their leisure time with a vast entertainment library.
  • Exclusive Deals: Access to Prime-exclusive offers, early deals, and savings adds value by helping students stretch their budgets further.
  • Prime Music: Unlimited access to a large library of music without ads provides a perfect backdrop for studying or relaxation.
  • Prime Reading: A rotating selection of eBooks, magazines, comics, and more, enriches academic resources and provides leisure reading options.

Beyond the Bonus

This welcome bonus does more than just provide monetary value; it integrates into the lifestyle of students, offering practical benefits that support their academic journey and personal interests. By aligning the welcome bonus with services that students are likely to use and appreciate, the Deserve® EDU Mastercard for Students not only offers financial benefits but also becomes a tool that contributes to the overall college experience.

Earning Rewards

The Deserve® EDU Mastercard for Students is tailored specifically for students, offering a range of benefits that cater to their needs and spending habits. Here’s a more detailed look at the earning rewards and other perks associated with this card:

Earning Rewards

  • 1% Unlimited Cash Back: Cardholders earn an unlimited 1% cash back on all purchases made with the card. This applies across various spending categories without any restrictions, making it a straightforward way for students to earn rewards for their everyday spending.

Additional Benefits

  • Amazon Prime Student Membership: After making their first purchase with the Deserve EDU Mastercard, cardholders are eligible to receive one year of Amazon Prime Student. This membership includes benefits such as free two-day shipping on millions of items, unlimited streaming of movies and TV shows with Prime Video, and more. The value of this membership is estimated at $59, offering substantial savings and convenience for students.

Other Notable Features

  • No Annual Fee: The Deserve® EDU Mastercard for Students does not charge any annual fee, making it a cost-effective option for students who are looking to build credit and earn rewards without incurring additional costs.
  • No Foreign Transaction Fees: This card is particularly appealing for international students or those who travel abroad, as it does not impose any fees on transactions made outside the United States.
  • Cell Phone Protection: Cardholders can benefit from up to $600 in cell phone protection when they pay their phone bill with their Deserve EDU Mastercard. This feature provides added security and peace of mind in case of theft or damage to their cell phone.
  • Credit Building: The Deserve EDU Mastercard reports to the major credit bureaus, aiding students in building their credit history. This is crucial for young adults looking to establish a good credit score, which can be beneficial for future financial endeavors such as applying for loans or renting an apartment.

In summary, the Deserve® EDU Mastercard for Students offers a simple yet effective rewards program, along with additional benefits that cater specifically to the needs of students. Its no annual fee, no foreign transaction fees, and credit-building capabilities make it an attractive option for students looking to manage their finances wisely while earning rewards on their purchases​.

Redeeming Rewards

The Deserve® EDU Mastercard for Students keeps the process of redeeming rewards straightforward and user-friendly, aligning with its mission to provide a seamless and beneficial experience for students. Here’s how cardholders can redeem the rewards earned through the use of this credit card:

Redeeming Cash Back

  • Automatic Redemption: The cash back earned with the Deserve® EDU Mastercard for Students is automatically redeemed. There’s no need for cardholders to manually request redemption or reach a specific threshold before they can access their rewards. This simplifies the process, ensuring students can focus on their studies and personal lives without worrying about managing their rewards.

Other Reward Details

  • 1% Unlimited Cash Back: Cardholders earn 1% cash back on all purchases, which accumulates over time. Since the redemption process is automatic, rewards are effortlessly integrated into the cardholder’s account, enhancing the overall user experience.

Utilization of Rewards

Given the automatic redemption feature, rewards are typically applied as a statement credit or deposited into an account specified by the cardholder, depending on the card’s terms and conditions. This approach allows students to benefit from their spending without the need for active management of their rewards.

Additional Benefits

While the primary reward for using the Deserve® EDU Mastercard for Students is the 1% unlimited cash back on all purchases, cardholders also enjoy other perks such as no annual fee, no foreign transaction fees, and a complimentary one-year Amazon Prime Student membership after their first purchase. These added benefits further enhance the value of the card, making it a comprehensive financial tool for students.

Perks and Benefits

The Deserve® EDU Mastercard for Students is designed with an array of perks and benefits tailored to meet the needs and lifestyles of students. Beyond its core feature of offering 1% unlimited cash back on all purchases, this credit card brings together a suite of advantages that enhance both academic life and personal experiences. Here are the key perks and benefits that make the Deserve® EDU Mastercard a standout choice for students:

Amazon Prime Student Membership

  • Complimentary One-Year Subscription: After making their first purchase, cardholders receive a one-year Amazon Prime Student membership, valued at $59. This includes benefits like free two-day shipping, unlimited streaming of movies and TV shows with Prime Video, access to exclusive deals, and more.

No Annual Fee

  • Cost-Efficiency: The card charges no annual fee, making it an economical choice for students who are managing their finances and looking to build credit without incurring extra costs.

Unlimited 1% Cash Back

  • Simple and Rewarding: Earn 1% cash back on all purchases without any categories to track or points to redeem, making it straightforward for students to get rewarded for their everyday spending.

No Foreign Transaction Fees

  • Global Flexibility: Ideal for students studying abroad or traveling, this card does not charge any fees on purchases made outside the U.S., saving money on international transactions.

Cell Phone Protection

  • Security and Peace of Mind: Provide up to $600 in cell phone protection when you pay your phone bill with the Deserve® EDU Mastercard, offering a safety net against theft or damage.

Credit Building

  • Future Financial Health: Reports to the major credit bureaus, assisting students in building a credit history which is essential for future financial endeavors like renting an apartment or buying a car.

Easy Application Process

  • Inclusivity for International Students: The card offers a simple application process that doesn’t require a Social Security Number for international students, making it accessible to a broader audience.

Mastercard Platinum Benefits

  • Added Conveniences: Includes standard Mastercard Platinum benefits such as roadside assistance, travel assistance services, and price protection, which can enhance the overall cardholder experience.

The Deserve® EDU Mastercard for Students is not just a credit card; it’s a comprehensive financial tool designed to support students through their academic journey and beyond. With its combination of cash-back rewards, no annual fee, and a suite of benefits designed to cater to the needs of students—including those from abroad—it offers a valuable package for students aiming to build their credit, manage their finances, and enjoy a range of lifestyle perks.

Pros and Cons

The Deserve® EDU Mastercard for Students offers several features tailored to the needs of students building credit and seeking rewards. Here’s an overview of the pros and cons associated with this credit card:

Pros

  • No Annual Fee: This makes it a cost-effective option for students who are looking to build credit without incurring additional yearly costs.
  • 1% Unlimited Cash Back: Offers straightforward, unlimited 1% cash back on all purchases, allowing students to earn rewards on everyday spending without worrying about categories or caps.
  • Amazon Prime Student Membership: Provides a one-year Amazon Prime Student membership after the first purchase (valued at $59), offering benefits like free two-day shipping, streaming, and more.
  • No Foreign Transaction Fees: Ideal for international students or those studying abroad, as it avoids extra charges on purchases made outside the U.S.
  • Cell Phone Protection: Offers up to $600 in cell phone protection when the monthly phone bill is paid with the card, providing a valuable safety net against damage or theft.
  • Accessible to International Students: The application process does not necessarily require a Social Security Number, making it more accessible to international students looking to build credit in the U.S.
  • Credit Building: Reports to the major credit bureaus, aiding students in establishing a credit history, which is crucial for future financial endeavors.

Cons

  • Limited Reward Rate: While 1% cash back on all purchases is convenient, it may not be as competitive as other student cards that offer higher cash back rates on specific categories like dining, groceries, or gas.
  • No Introductory APR Offer: Lacks an introductory 0% APR offer on purchases or balance transfers, which some other student credit cards provide, making it less appealing for those who need to carry a balance initially.
  • Minimal Redemption Options: Rewards are automatically redeemed, offering less flexibility for those who prefer to choose how and when to use their cash back.
  • Credit Requirements: Despite being accessible to international students, some applicants may still find it challenging to qualify without any U.S. credit history, as the card evaluates creditworthiness.
  • Lack of Bonus Categories: This does not offer bonus rewards on categories that may be particularly relevant to students, such as textbooks, dining, or transportation.
  • No Sign-Up Bonus: Apart from the Amazon Prime Student membership, there’s no immediate sign-up cash bonus, which is a common feature among some competing student credit cards.

Comparison to Other Cards

When comparing the Deserve® EDU Mastercard for Students with other student credit cards, it’s important to consider various factors such as rewards, fees, perks, and credit-building features. Here’s how the Deserve® EDU Mastercard stacks up against other popular student credit cards:

Rewards

  • Deserve® EDU Mastercard: Offers 1% unlimited cash back on all purchases, a straightforward rewards system without any categories or caps.
  • Other Student Cards: Many student cards offer similar 1% cash-back rewards, but some may offer higher cashback rates on specific categories like dining, groceries, or gas. For example, the Discover it® Student Cash Back card offers 5% cash back in rotating quarterly categories (on up to $1,500 in purchases each quarter, when you activate) and 1% on all other purchases.

Annual Fee

  • Deserve® EDU Mastercard: No annual fee, making it cost-effective for students.
  • Other Student Cards: Most student credit cards also do not have an annual fee, aligning with the need for affordable credit-building tools for students.

Foreign Transaction Fees

  • Deserve® EDU Mastercard: No foreign transaction fees, which is beneficial for international students or those studying abroad.
  • Other Student Cards: This varies; while many student cards do not charge foreign transaction fees, some do. It’s an important consideration for students who travel.

Welcome Bonus and Perks

  • Deserve® EDU Mastercard: Offers a one-year Amazon Prime Student membership after the first purchase (valued at $59), cell phone protection, and other Mastercard Platinum benefits.
  • Other Student Cards: Welcome bonuses and perks vary widely. Some cards offer cash bonuses after meeting spending requirements, while others may provide rewards such as statement credits or higher cash back rates for a limited time. Perks like cell phone protection are less common among student cards but can be found in some offers.

Credit Building

  • Deserve® EDU Mastercard: Reports to the major credit bureaus, helping students build credit history. It also offers a unique feature by not requiring a Social Security Number for international students, making it more accessible.
  • Other Student Cards: Most student credit cards report to major credit bureaus, aiding in credit building. However, the requirement of a Social Security Number is common, which can limit accessibility for international students.

Eligibility and Application

  • Deserve® EDU Mastercard: Focuses on accessibility, especially for international students, by allowing applications without a Social Security Number and considering non-traditional credit factors.
  • Other Student Cards: Eligibility criteria can be stricter, often requiring a Social Security Number and some form of credit history or a co-signer, which might not be as accommodating to international students.

The Deserve® EDU Mastercard for Students is a solid option for students looking for a simple, no-fee card that offers cash back on all purchases and unique benefits like Amazon Prime Student membership and no foreign transaction fees. It stands out, particularly for international students, due to its accessible application process. However, for students who spend heavily in specific categories or who are looking for a higher cash-back rate, other student credit cards might be more rewarding. The choice of card should be based on individual spending habits, credit-building needs, and the value of additional perks.

Conclusion

In conclusion, the Deserve® EDU Mastercard for Students offers a compelling package for students embarking on their financial journey. Its standout features, including a no-annual-fee structure, 1% unlimited cash back on all purchases, and unique perks such as a complimentary Amazon Prime Student membership and cell phone protection, make it an attractive option for students looking to build credit and earn rewards on their everyday spending. Additionally, its accessibility to international students without requiring a Social Security Number underscores its inclusivity and commitment to helping a broader demographic establish credit in the U.S. While the Deserve® EDU Mastercard excels in simplicity and valuable benefits, it may not cater to all preferences, especially for those seeking higher cashback rates in specific categories or more flexible reward redemption options.

The absence of an introductory APR offer and a more robust sign-up bonus might also limit its appeal compared to some competitors. Ultimately, the Deserve® EDU Mastercard for Students is best suited for those valuing ease of use, straightforward rewards, and beneficial perks tailored to the student lifestyle. Its role in credit building cannot be understated, offering a solid foundation for students to establish and improve their credit score, which is crucial for future financial success. For students navigating the complexities of personal finance for the first time, the Deserve® EDU Mastercard represents a balanced blend of rewards, convenience, and opportunities for financial growth.

What are the eligibility requirements for the Deserve® EDU Mastercard for Students?

To be eligible for the Deserve® EDU Mastercard, applicants must be enrolled in a college or university. International students do not need a Social Security Number (SSN) to apply, making it more accessible compared to other student credit cards. Creditworthiness is determined based on a variety of factors beyond traditional credit scores.

Is there an annual fee for the Deserve® EDU Mastercard?

No, the Deserve® EDU Mastercard for Students does not have an annual fee, making it a cost-effective option for students.

How does the 1% cash back work?

Cardholders earn 1% unlimited cash back on all purchases made with the Deserve® EDU Mastercard. There are no categories to track or points to redeem; cash back is earned on every purchase.

Can international students apply for the Deserve® EDU Mastercard?

Yes, international students can apply for the Deserve® EDU Mastercard without an SSN, making it an excellent option for those looking to build credit in the U.S.

What is the Amazon Prime Student membership benefits?

After making their first purchase with the Deserve® EDU Mastercard, cardholders receive a one-year Amazon Prime Student membership, which includes benefits like free two-day shipping, unlimited streaming of movies and TV shows, and exclusive deals.

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