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Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. SHARE: Kilito Chan/Getty Images July 29, 2022 Checkmark Bankrate logo How is this page expert verified? At Bankrate, we take the accuracy of our content seriously. "Expert verified" means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Their reviews hold us accountable for publishing high-quality and trustworthy content. Nicole Dieker has been a full-time freelance writer since 2012—and a personal finance enthusiast since 2004, when she graduated from college and, looking for financial guidance, found a battered copy of Your Money or Your Life at the public library. In addition to writing for Bankrate, her work has appeared on CreditCards.com, Vox, Lifehacker, Popular Science, The Penny Hoarder, The Simple Dollar and NBC News. Dieker spent five years as writer and editor for The Billfold, a personal finance blog where people had honest conversations about money. Dieker also teaches writing, freelancing and publishing classes and works one-on-one with authors as a developmental editor and copyeditor. Brady Porche is an editorial director for Bankrate Credit Cards and CreditCards.com. He has two decades of professional experience as a writer and editor. Bankrate logo The Bankrate promise
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The biggest benefit the Deserve EDU Mastercard for Students offers is the opportunity to even if you have no previous credit history — but that isn’t the only reason to apply for the card. Many students will also be interested in the Deserve EDU Mastercard’s cash back rewards, cellphone protection and a welcome bonus that covers the cost of a year of Amazon Prime Student membership (after spending $500 in the first three billing cycles). Here’s a breakdown of every benefit you’ll get with the Deserve EDU Mastercard for Students: No credit history required
The Deserve EDU Mastercard for Students is designed to — which means that you don’t need a previous credit history to apply. If you have , for example, the Deserve EDU Mastercard for Students can help you add positive information to your credit history. Even college students who can use the Deserve EDU Mastercard for Students to start establishing good credit. No Social Security number required
The Deserve EDU Mastercard for Students is a good choice for international students, since you . If you want a student credit card that accepts a passport number, for example, the Deserve EDU Mastercard for Students could be an excellent option. Cash back rewards
The Deserve EDU Mastercard for Students offers 1 percent cash back on every purchase. Every time you earn $25 in cash back rewards, your cash back balance is automatically redeemed as a toward your credit card bill. That way, you get all of the benefits associated with cash back without having to remember to — or decide between redemption options. Welcome bonus
New cardholders who spend $500 in the first three statement cycles have the opportunity to earn a free year of Amazon Prime Student. Once 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 statement credits to cover the cost of your Amazon Prime Student membership year. If you sign up to pay monthly, for example, Deserve will issue monthly statement credits. If you use your Deserve EDU Mastercard to pay for the entire year up front, you’ll get a single statement credit from Deserve. Cellphone protection
If you charge your monthly phone bill to your Deserve EDU Mastercard for Students, you’ll automatically qualify for Deserve’s cellphone protection plan. This cellphone insurance offers coverage of up to $600 per claim (minus a $50 deductible) if your phone is stolen or damaged. The plan allows you to make two claims per year, for up to $1,000 in coverage across both claims. No annual fee
Like many of the best student credit cards, the Deserve EDU Mastercard for Students doesn’t charge an annual fee. That means you can take advantage of all of the benefits associated with the Deserve EDU Mastercard for Students without having to pay a yearly fee to access them. Maximizing the Deserve EDU Mastercard for Students
The Deserve EDU Mastercard for Students makes it easy to . With Deserve, you earn the same on every purchase — and every time you earn at least $25 in cash back rewards, Deserve automatically applies your rewards to your credit card bill as a statement credit. It’s also easy to earn the Deserve EDU Mastercard for Students welcome bonus. All you have to do is make $500 in qualifying purchases during your first three statement cycles — that’s just $167 per cycle — and then put your Amazon Prime Student membership on your Deserve EDU Mastercard. From there, Deserve will automatically issue statement credits to cover the cost of a year’s worth of Amazon Prime Student membership. The bottom line
The biggest benefit you’ll get from the Deserve EDU Mastercard for Students is the opportunity to build good credit — whether you’re new to credit, new to the U.S. or simply looking to apply for one of today’s . However, that’s not the only perk the Deserve EDU Mastercard for Students offers. With 1 percent cash back on every purchase, a welcome bonus that can cover a year of Amazon Prime Student membership and the opportunity to take advantage of Deserve’s cellphone protection plan, this no-annual-fee student credit card could help you build credit and save money at the same time. SHARE: Nicole Dieker has been a full-time freelance writer since 2012—and a personal finance enthusiast since 2004, when she graduated from college and, looking for financial guidance, found a battered copy of Your Money or Your Life at the public library. In addition to writing for Bankrate, her work has appeared on CreditCards.com, Vox, Lifehacker, Popular Science, The Penny Hoarder, The Simple Dollar and NBC News. Dieker spent five years as writer and editor for The Billfold, a personal finance blog where people had honest conversations about money. Dieker also teaches writing, freelancing and publishing classes and works one-on-one with authors as a developmental editor and copyeditor. Brady Porche is an editorial director for Bankrate Credit Cards and CreditCards.com. He has two decades of professional experience as a writer and editor.