Are you an international student or a student with a low credit history who wants to issue a credit card to your name? Well, then, we are sure that you must have come across the Deserve EDU credit card during your credit card search.

If this card appeals to you, and you want to read a thorough review before making the final decision to purchase, we've got you covered. Hop on below to read all the necessary information that you need to know about the Deserve EDU Credit Card before you head out to issue this card in your name.

What is the Deserve EDU Credit Card?

The Deserve EDU credit card is an excellent way to earn essential cashback rewards, some decent perks on purchases, and an opportunity to build better credit scores without paying any annual fee or deposit.

While it doesn't hold the same power as a card from a bigger bank, we assure you that the Deserve EDU credit card is far more technologically advanced than any other card and offers several convenience factors that the users might find helpful in everyday life. The best part? The card doesn't require any social security number, credit card history, or fee when a user applies for it.

Who is This Card Best For?

Now that you know what the Deserve EDU credit card is, we are sure you'd want to know for whom the card would work the best. This is because each card offers benefits and cashback that suit a particular individual the most.

The offers, cashback, and rewards provided by the Deserve EDU credit card incline towards benefitting college and university-level students the most. The card is an excellent purchase for those students who do not have an established credit history or those international students who find it difficult to qualify for a credit card in a new country away from home.

Pros and Cons of EDU Credit Cards

While we did mention that the Deserve EDU credit card is excellent for international students because of its exceptional benefits, the questions remain, what are these benefits? Are there any cons to consider? Hop on below to discover!

Pros

If you are an international student who wants to learn about the pros of an edu credit card before making its purchase, we have the best ones listed for you below:

No Annual or Transactional Fee

The Deserve EDU Credit Card doesn't charge international students any annual or transactional fee on the purchases. This makes operating with the card much more convenient, given they are already on a budget.

No Security Deposit or Co-Signer Required

When people have a limited to no credit history, banks often ask them to issue a secured credit card where one has to put down a security deposit, which acts as the credit limit for the individual. If not, then people are asked to have a co-signer verify for them, who will pay their bills in case they can't. However, no such policies would be implemented for international students or any individual issuing the Deserve EDU credit card.

Cons

While the pros are exceptional, the EDU credit card also comes with a few setbacks. Though these cons aren't extreme, one should look into them to ensure they do not become a nuisance. Some cons that people encounter with EDU credit cards are:

High APR

The Deserve EDU credit card doesn't surprise applicants or give them a hard time even if they do not have a credit history. However, while they do make it up for you here, they implement a higher APR rate for security reasons than other banks.

Lower Rewards

The EDU credit card also offers relatively low rewards, and new members have no traditional cashback. All cardholders will only receive a 1% cashback on their purchases, and no additional rewards on travel, eateries, or groceries will be applied.

How Can a User Maximize Their Rewards?

As mentioned above, the card offers a 1% cash back on every purchase. Hence, when your billing period ends, your cashback will be calculated by multiplying your expenditures and subtracting the account fee, return, and interest charges by 1%.

While the rewards might be lower, the Deserve EDU Credit card makes redeeming the rewards extremely easy for students. Any cashback a student will earn will then be automatically redeemed for statement credits once a student has collected $25 in total rewards.

However, it can still take time for a student to qualify for the $25 cashback threshold. Hence, for some, this criterion stands as a drawback as well.

When a card is purchased, students often think about maximizing their rewards. If this is the case for you, let us give you a thorough breakdown. To get the most value on your card, it is advisable to use it early and often. Users can utilize the card to pay for all their essentials, like education, general living, grocery discretionary expenses, etc.

For every purchase you make, you will gain a cashback of 1%. While many would think that the 1% isn't a considerable cashback percentage in the credit card world, it adds to a significant overall benefit. Moreover, the card offers several other great benefits too.

Wrapping It Up!

Suppose you are an international student who wants to purchase a credit card or a student whose poor credit card history disqualified them from purchasing standard bank credit cards. In that case, the Deserve EDU credit card is your call. If you heard about this credit card and wanted to know more, we hope this Deserve EDU credit Card review was helpful for you. Stay tuned for more!