What is the Deserve EDU interest rate? This question is about the Deserve® EDU Mastercard for Students

What is the Deserve EDU interest rate?

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This question is about the Deserve® EDU Mastercard for Students

Maria Adams, Credit Cards Moderator

@m_adams • 12/15/21 This answer was first published on 12/15/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Deserve® EDU Mastercard for Students interest rate is 22.99% Variable. This Deserve EDU card interest rate is variable, meaning it can change based on certain economic conditions.

Deserve EDU gives you a 23-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe. Should you decide to carry a balance on your Deserve EDU card, it will accumulate interest daily at the card’s regular APR. Interest is compounded, meaning you will owe interest on both the principal balance and any interest already accumulated.

All Deserve EDU card interest rates will be listed on your statement and on your online account summary.

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What's the Deserve Edu Mastercard credit score requirement?

As it's the case with most student credit cards, you are not required to have any credit activity to get the Deserve Edu Mastercard credit card.

It's designed as the first credit card a student can get, so no credit or a fair credit score of 640+ should put you in the right spot if you have the documents to prove that you're a student.

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Can you get approved for the Deserve EDU Student card with no credit?

Yes, you can get approved for the Deserve EDU card with no credit. This card was specially designed for people without a credit history. In fact, you don’t even need a Social Security Number to apply for it.

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Will the Deserve Edu credit card help me build credit?

The Deserve Edu credit card will help build you credit by reporting to TransUnion and Experian on a monthly basis.

It`s an ideal card for students with at least fair (640+) credit or without a credit history. It has $0 annual fee, $0 foreign transaction fee, and you can apply for it even without an SSN.

Keep in mind, though, that if you do have a credit history, an application will result in a hard...

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