The Deserve® EDU Mastercard for Students is a good first-time credit card because it is available to people with limited credit and it offers rewards, giving 1% cash back. The card’s annual fee is $0. Responsible use also builds credit, as the Deserve EDU Card reports account info to the major credit bureaus monthly.
To get approved for the card, you will need to have a steady income and meet other basic requirements like being at least 18 years old and having an SSN. International students don’t need an SSN, but they must provide proof of a U.S. bank account balance, student visa, passport ID, and their legal school document (I-20, for example).
Why Deserve EDU Card Is a Good First-Time Credit Card
Available to: People with limited credit
Annual fee: $0 annual fee
Rewards: 1% cash back
APR: 22.99% Variable
Reports to credit bureaus monthly: Yes
It’s worth noting that the Deserve EDU Card isn’t the only good first-time credit card out there. You can learn more about the best first-time credit cards on WalletHub.
The kind of credit card that is good for beginners is either an unsecured or a secured card with annual fees as low as $0 and high approval odds. It’s worth noting that some of the best credit cards for beginners even offer rewards.
You can also take a look at our editors’ latest picks for the best starter credit cards on the market to see which one suits your needs better.
Ultimately, please note that as long as you remember to pay your bill on time and in full every month, you will be able to gradually build credit. And within a few years, you could qualify for one of the market’s best overall credit cards.
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. … read full answer
Keep in mind, though, that if you do have a credit history, an application will result in a hard pull on your credit. This will lower your score for a short period of time.
The Deserve® EDU Mastercard for Students reports to the credit bureaus monthly, within days after the end of a cardholder’s monthly billing period. The Deserve EDU card reports the card’s credit limit, account balance, payment history, and more to Celtic Bank reports a credit card’s credit limit, account balance, payment history, and more to two of the major credit bureaus: Experian and TransUnion. Celtic Bank may use a specific credit bureau more than another, depending on the applicant’s home state, and other factors.… read full answer
Once the Deserve EDU card reports your account information to a credit bureau, it may take a few days before the updates appear on your credit report. New Deserve EDU cardholders may not see any new credit account info on their credit report for one or two billing periods after getting a card.
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