Student credit cards are somewhat notorious for offering few benefits to cardholders. With most student credit cards coming without annual fees, card-issuers and banks aren’t all that eager to offer student cardholders a plethora of benefits. However, there are some student credit cards that offer benefits and perks. One of those cards is the Deserve® EDU Mastercard.
With benefits and perks that include a free year of Amazon Prime Student, Cell Phone Coverage, and Rental Car Collision Coverage, The College Points considers the Deserve EDU credit card to be the top student credit card for perks and benefits.
In addition to receiving a variety of benefits, the Deserve EDU student credit card earns unlimited 1% cash back on all purchases. Plus, all of these benefits and the unlimited 1% cash back comes without an annual fee. Additionally, college students with a limited credit history have a relatively high chance of being approved for this card. International students studying in the United States can also apply for the Deserve EDU card.
The Deserve EDU student credit card is a fantastic option for almost every college student. Here’s why.
Deserve® EDU Card Highlights
- No annual fee
- Very High approval odds even with a limited credit history
- Earn 1% cash back on all purchases
- Amazon Prime Student included for 1 year
- Cell Phone Protection
- 18.74% Variable APR
- View more information including rates and fees
Student Approval Odds*
*The following graphic and estimated approval odds for this product should not be the only metric used in determining to apply for a credit card or credit product. The above graphic represents estimated approval odds based on data available online and from current cardholders. It is designed to provide a very rough estimate of approval odds for students and individuals with a limited credit history.
Overview of Deserve EDU Card Benefits and Perks
What makes the Deserve EDU credit card stand out from other student credit cards are the benefits and perks the card offers. The majority of student credit cards are quite basic. While there are very student credit cards that come with an annual fee, these cards also lack any substantial or valuable benefits. However, this isn’t the case with the Deserve EDU credit card. The Deserve EDU credit card offers cardholders a variety of benefits and perks and earns unlimited 1% cash back. Additionally, the Deserve EDU doesn’t have an annual fee and is available to international students studying in the United States.
Here are the benefits and perks of the Deserve EDU card that stand out:
Earning Cash Back With the Deserve EDU Card
One thing you should look for in a first credit card is the ability to earn cash back, points, or miles without having to jump through hurdles. The Deserve EDU card offers an extremely straight-forward earning structure. The Deserve EDU card earns cash back (as opposed to points, miles, or rewards) at a rate of 1%. Cardholders can earn 1% cash back on all purchases. There is no limit on how much cash back you can earn. However, unlike other cards, the Deserve EDU does not featuring alternating categories with which you can earn additional cash back. All purchases, whether it’s groceries or gas, earn 1% cash back.
While 1% cash back might not sound like much, cash back can add up quickly. College students that spend $500 a month using their Deserve EDU card will earn $5 a month. At the end of the year, that’s $60 in cash back.
Overall, when I search for credit cards that earn cash back, I tend to gravitate towards cards that feature a simple and straight-forward earning structure. Simple earning structures allow me to known with certainty just how much cash back I’m earning on each purchase. Earning unlimited 1% cash back, it doesn’t get more simple than the earning structure offered by the Deserve EDU credit card. However, if you’re looking to earn additional cash back, there are student credit cards that may allow you to earn bonus cash back at certain retailers.
Redeeming Cash Back with the Deserve EDU Card
The Deserve EDU student credit card features the most straight-forward redemption structure of any student credit card. Unfortunately, options for redeeming cash back are also quite limited. Still, the simplicity of redeeming cash back combined with the ability to earn unlimited cash back make the Deserve EDU an attractive student credit card.
Here’s how you can redeem your cash back balance:
- All cash back earned with Deserve EDU credit card is redeemed in $25 increments as a statement credit
- Earn $25 in a statement cycle and you will receive a $25 statement credit
- Earn $50 in a statement cycle and you will receive a $50 statement credit
- Cash back earned with the Deserve EDU card does not expire
Again, if you’re looking to have flexible redemption options, the Deserve EDU credit card might not be the best fit for you. However, most students looking for a credit card won’t have an issue with receiving their cash back in the form of a statement credit.
Benefits and Perks of the Deserve EDU Card
The Deserve EDU student credit card offers a variety of benefits and perks students will love. The Deserve EDU student credit card is ranked as the top student credit card for perks and benefits by The College Points.
My favorite perk of the Deserve EDU credit card is actually a variety or perks and benefits that come with the Mastercard Platinum Benefits offered by the card. The Deserve EDU student credit card is a Mastercard and allows cardholders to enjoy the benefits that come with having a Mastercard credit card. These benefits can be extremely valuable. Here’s what’s included with the Mastercard Platinum Benefits:
- Lost and Stolen Card Reporting, Emergency
Card Replacement, and Emergency Cash Advance
- Mastercard ID Theft Protection™
- Mastercard Airport Concierge™
Additionally, the Deserve EDU Mastercard offers car rental collision and damage coverage. This is an extremely valuable benefit that can save you hundreds if not thousands should the unthinkable happen when you’re out on the road. To take advantage of rental car damage coverage, you’ll need to pay for the entirety of the rental with your Deserve EDU credit card. You’ll also need to be sure to decline coverage offered by the rental car company. For more information on this benefit, visit Mastercard’s Master Rental page.
Other noteworthy benefits and perks of the Deserve® EDU Mastercard include:
- 1 Year of Amazon Prime Student
- Cell Phone Protection
- $100 Off Feather Subscriptions
- $45 Statement Credit with Mint Mobile
- When you use your Deserve EDU Mastercard to pay for your plan
- $10 Statement Credit with Lemonade insurance
- After 3 consecutive monthly payments
While many cardholders tend to view benefits and perks as “fluff,” these benefits can add up. For example, a free year of Amazon Prime Student will save you $59. With Amazon Prime Student, you’ll receive free 2-day shipping on Prime eligible items, access to Amazon’s Prime library of movies, TV shows, and music, and access to exclusive deals on things like video games and clothing. Even if you were to only take advantage of the free year of Amazon Prime Student, you’d still save $59. Add in the numerous other benefits offered by the Deserve EDU student credit card and you’ll save even more.
Who Should Apply for the Deserve EDU Card?
The Deserve EDU student credit card is ideal for almost any college student. With benefits college students will love, no annual fee, the ability to build up a credit history, and high approval odds, the Deserve EDU card stands out amongst the crowd of student credit cards.
College students with a limited credit history looking for a well rounded credit card for everyday use will quickly see the value of the Deserve EDU credit card. Additionally, most college students, despite a limited credit history, should have relatively high approval odds.
The Deserve EDU student credit card is also great for international students studying in the United States. International students are typically unable to apply or receive approval for most credit cards issued in the United States. However, the Deserve EDU is an exception. This makes the Deserve EDU student card the perfect credit card for international students studying in the US.
Who Should Apply for the Deserved EDU Card?
The Bottom Line – Deserve® EDU Student Credit Card
The Deserve EDU Mastercard student credit card is a well-rounded student credit card. Unlike most student credit cards, the Deserve EDU card also comes with a number of benefits and perks cardholders will love. These benefits include a free year of Amazon Prime Student, Mastercard Platinum benefits, and Cell Phone Coverage.
While the card doesn’t stand out as a rewards credit card, the Deserve EDU student credit card still earns unlimited 1% cash back that is redeemed in the form of a statement credit. With high approval odds for most students and the ability for international students in the United States to receive the card, the Deserve EDU student credit card is a fantastic option for any student.