Deserve EDU Mastercard for Students Card or Discover it® Student Cash Back : card comparison
Deserve EDU Mastercard for Students Card or Discover it® Student Cash Back? Check out the comparison and decide which fits your finances better!
Deserve EDU Mastercard for Students Card vs. Discover it® Student Cash Back: which is the best?
If you are a student, you must be starting to be aware of your finances. So, choosing the right tools to help you build up your score and assist you financially is a crucial step. Today we’re gonna talk about two interesting alternatives that can do just that and help you pick between the Deserve EDU Mastercard for Students Card or Discover it® Student Cash Back.
Some credit cards are specially designed for students since they don’t require a good credit score in the first place.
But, you need to make sure that besides the requirements, it is desirable the card allows you to earn rewards and perks at no extra cost.
Therefore, we have chosen two fantastic credit cards that gather all of that for students. Check out the following comparison and decide which fits your needs, goals, and profile better!
The Deserve® EDU Mastercard is currently offline for new applications through our partnered website as of December 16, 2022. Instead, we recommend you apply for the Petal® 1 “No Annual Fee” Visa® Credit Card. Check out how you can do so by following the link below.
Discover it® Student Cash Back card is great for students with poor credit history, and it offers rewards and no annual fee. See how to apply!
|Deserve EDU Mastercard for Students Card||Discover it® Student Cash Back Card|
|Rewards||1% cash back on all purchases||5% cash back on eligible categories based on a rewards calendar;|
1% cashback on everything else
|Other perks||Amazon Prime Student for free for a year after spending $500 in the first 3 billing cycles;|
No foreign transaction fees;
Refer A Friend Program;
Mastercard Platinum Benefits
|0% Introductory APR for the first 6 months on purchases;|
Online security features;
Free access to FICO® Score
|APR||21.74% Variable||From 13.74% to 22.74%|
Deserve EDU Mastercard for Students Card
Deserve EDU Mastercard for Students is designed to help students achieve their goals. And if you decide to have one, you won’t have to worry about annual or even foreign transaction fees.
This credit card lives up to its name. Besides the fact it has a low cost for those who are beginning their financial journey, it doesn’t require a good credit score. In fact, you can apply for it even if you don’t have a credit history.
So, the card helps you to build one if you use it responsibly.
Also, this Mastercard is an excellent option for international students since it doesn’t require a Social Security Number for the application, as well.
Furthermore, Deserve EDU offers a really simple rewards program in which you earn 1% cashback on all purchases. All you have to do is apply for the card, and once approved, you can start earning rewards immediately.
Moreover, the card provides you with some protection features, including phone protection of up to $600 and Mastercard Platinum Benefits like Mastercard ID Theft Prevention and Master Rental.
You will be redirected to another website
Discover it® Student Cash Back
But, if you want another fantastic alternative for you, a Discover it Student Cash Back might be worth considering.
Since the application doesn’t require a credit score, you can start building your credit history as soon as you get it and use the card responsibly.
Discover is well-known for its great rewards program. And it wouldn’t be any different with this student card.
Therefore, as soon as you hold the card, you are eligible to participate in the unlimited Cashback Match in the first year, where Discover matches all the cash back you have earned. In summary, if you make $50, Discover pays you $50, and so on.
Also, this credit card offers 5% cashback on different categories each quarter, on up to $1,500 in purchases, and 1% cashback on everything else.
Therefore, if you are a student looking for high-tier rewards, you have just found a terrific tool to help you with that.
The rewards redemption is simple and pretty flexible.
Furthermore, the card offers 0% introductory APR for six months after opening your account, free access to FICO® Score, and security features for those who spend a lot of time on the internet.
Finally, all of that with no annual fee.
Benefits of Deserve EDU Mastercard for Students credit card
If you are a student searching for a credit card to help you build a solid financial path, a Deserve EDU Mastercard for Students is definitely an excellent way to start.
Besides the simple reward program, the card offers a Refer A Friend Program in which both you and your referral friend receive unlimited bonuses for each approved application.
Also, this card is a fantastic option for international students or those who travel a lot since it doesn’t require a Social Security Number and doesn’t charge any foreign transaction fees.
Besides that, you get the Mastercard package of benefits, including security features, some deals with eligible merchants, and a cell phone protection of up to $600.
There is no annual fee for you to worry about. All you have to worry about is using the card responsibly to start building your credit history right away.
Benefits of Discover it® Student Cash Back credit card
On the other hand, if you want high-tier rewards, a Discover it Student Cash Back credit card is the one for you.
There is no annual fee and no credit history required. So, it is a powerful tool for you to start building your financial journey.
Also, the card features an introductory APR of 0% for the first six months, which is excellent if you compare it to other credit cards available on the market that don’t offer that, especially when it comes to cardholders with limited credit.
Discover it provides an app full of benefits for students, including an Online Privacy Protection against websites that sell your private information and unrestricted Social Security Number alerts through Dark Web monitoring. Furthermore, the app features Freeze it® to help you quickly freeze your account when needed and free access to FICO® Score.
Disadvantages of Deserve EDU Mastercard for Students Card
Although Deserve EDU Mastercard for Students offers a rewards program, it is not the best rate. You can find a better tier of rewards on other available credit cards.
Also, it doesn’t feature an introductory APR or welcome bonus.
Disadvantages of Discover it® Student Cash Back
Even though Discover it Student Cash Back offers a great rewards rate, the highest tier only applies to certain categories that change every quarter.
Furthermore, international students have no access to the card unless they have a Social Security Number.
Deserve EDU Mastercard for Students Card or Discover it® Student Cash Back: which you should choose?
Both cards are powerful tools for students who are looking to build credit history at a meager cost.
But, if you want a high rate of rewards, a Discover it® Student Cash Back is definitely a fantastic choice for you.
On the other hand, if you are an international student or travel a lot, a Deserve EDU Mastercard for Students Card might be better!
However, if you are looking for another option, follow the link below to meet the Capital One Quicksilver Student!
Earn unlimited 3% cash back on eligible purchases with no annual fee. Check out how to apply for the Capital One Quicksilver Rewards for Students card!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
How to apply for the Avant Loans?
Are you looking for a personal loan but do not have a high credit score? The Avant Loans can help you. Read on to know how to apply!Keep Reading
How to apply for the Citi® / AAdvantage® Executive World Elite Mastercard® Card?
Learn how the Citi® / AAdvantage® Executive World Elite Mastercard® application works and enjoy enhancing your travel experiences and perks.Keep Reading
You may also like
Application for the Luxury Gold card: how does it work?
If you need some extra luxury in your life, this card is for you. Consider applying for the Luxury Gold card and get the VIP experience you deserve. This article will show you how to get one.Keep Reading
Happy Money Personal Loan review: how does it work and is it good?
This Happy Money personal loan review covers all the important details. Read on if you want to learn more about this incredible lender.Keep Reading
Indigo® Mastercard® with Fast Pre-qualification review
If you need a credit card to build credit and achieve your goals, read our Indigo® Mastercard® with Fast Pre-qualification review to learn more about this card!Keep Reading