Is the Deserve EDU Card a good first time credit card? This question is about the Deserve® EDU Mastercard for Students

Is the Deserve EDU Card a good first time credit card?

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This question is about the Deserve® EDU Mastercard for Students

Chip Lupo, Credit Card Writer

@CLoop • 09/13/22 This answer was first published on 09/13/22. 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 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.

Answer Question

What kind of credit card is good for beginners?

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.

The card you’re going to pick should also report monthly to the major credit bureaus so that you can build your credit.

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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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When does the Deserve EDU Card report to credit bureaus?

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,...

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