We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias.
But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.
Kevin Joey Chen is a credit cards writer at finder.com. He's passionate about helping you get your finances in order and travel the world like a pro. He's taken an extended trip around Europe as a digital nomad, gaining firsthand experience with exchange rates, ideal (and not-so-ideal) credit and debit cards, foreign transactions and budgeting strategies. He earned his BA from UC Davis and has written across many niches at Finder, including cryptocurrency, personal loans, car insurance, real estate and money transfers.
The Deserve® Edu Card hits the high notes of its competitors — such as cash back, no annual fee and no foreign transaction fees.
Silicon Valley-based Deserve also offers a big benefit that differentiates its student card:
Non-traditional customer screening. When you apply for a Deserve credit card, you’ll be asked to connect your bank account to give Deserve read-only access. This allows Deserve to consider alternative factors that determine how responsible of a borrower you’re likely to be. They’ll look into things like your education, future employability and projected earnings — not just your credit score. And if you’re an international student, you don’t need a Social Security number.
Rewards: 1% cash back on all purchases. The Deserve® Edu Card isn’t the only student product that offers rewards, but its 1% cash back is comparable to what you’d get from big-bank cards.
Annual fee: None. A $0 annual fee is an excellent benefit, especially if you’re on a tight budget.
Credit for an Amazon Prime Student subscription. When you use your Deserve® Edu Card for an Amazon Prime Student subscription, Deserve reimburses you. The lifetime maximum reimbursement is $59. This is a valuable perk that sets the Deserve® Edu Card apart from the competition. But treat it like a signup bonus, as you won’t receive this Amazon Prime Student credit once you hit the cap.
How much cashback rewards can I earn with the Deserve® Edu Card?
If you spent $1,000 per month, you’d earn $120 in cash back every year. Also, if you pay for an Amazon Prime Student subscription, Deserve will reimburse you up to $59 — the annual cost for the subscription. This will make your rewards for the first year $179.
You’ll also like …
No deposit required. The Deserve® Edu Card doesn’t require a deposit. This can be very helpful, since you won’t have to lock down $200 or $300 just to use your card.
You don’t need a cosigner. Some banks require cosigners for credit card applicants younger than 21. Deserve doesn’t, but you may need to prove you can independently pay your card bill.
No foreign transaction fees. When you use a credit card abroad, most banks add a foreign transaction fee of 3% for everything you buy. While it’s a small percentage, it can add up over many purchases.
The Deserve® Edu Card comes with no foreign transaction fees. That makes it a strong choice to bring for studying abroad.
No Social Security number required if you’re an international student. Getting a credit card as an international student can be challenging, especially since many banks require a Social Security number. Deserve waives this requirement if you’re an international student — just provide your student visa, passport ID, I-20 form and proof of a US bank account balance.
No penalty APR
No over-the-credit-limit fee
Car rental collision damage waivers when you book car rentals with your card
Travel assistance services for lost luggage and medical assistance — valid when you’re more than 50 miles from home
Extended warranties on eligible products you buy with your card
Price protection that partially reimburses you if you find lower prices on items you’ve purchased
Relatively high APR. Interest rates for student credit cards are typically high since students often haven’t been able to build strong credit yet. A lower score will likely land you with higher interest rates.
The Deserve® Edu Card has a purchase APR of 20.74% variable — not unheard of by student credit card standards, but still relatively high. The average credit card APR is around 16%. Consider paying off your balance each month, which will save you from accruing interest on your purchases.
To apply for the Deserve® Edu Card, you must be at least 18 years old. You must also currently be enrolled in a US college or university. You can also apply for the card if you’re an international student.
Information you’ll need
Full name and contact information
Annual income, source of income and employment information
Social Security number if you’re a US citizen or permanent resident
Student visa, passport and I-20 form if you’re an international student
Current bank account information
What credit score do I need?
You don’t need a credit history to apply for the Deserve® Edu Card. If you have a credit score already, you’ll increase your chances of approval the higher your score is.
Complete the application with details like your name, contact information and student status.
Continue with the application by adding your address, academic information, Social Security number, employment status and monthly income.
Connect your bank account. This allows Deserve to read and analyze your financial records to determine an appropriate credit limit — it can’t make any changes to the connected account.
Review and submit your application.
When will I get my Deserve® Edu Card?
Because conditional approval is automated on the Deserve website, you’ll often get a decision within 60 seconds. In some cases, you’ll need to wait a few business days to a few weeks to receive a response.
Upon approval, you’ll get your card in the mail within seven to 10 business days.
I got the card. Now what?
Make timely payments. Set up autopay or make a one-time payment online at the Deserve website.
Avoid interest. After the close of each billing cycle, you have a grace period of 23 days to pay your balance. If you do, you won’t pay interest on your purchases.
Avoid fees. Late payments come with fees of up to $25.
Contact customer service. If you have questions, contact Deserve customer support at 800-316-7258. Representatives are available Monday through Friday from 7 a.m. to 5 p.m. and Saturday from 7 a.m. to 12 p.m. PST.
How do I redeem rewards from the Deserve® Edu Card?
Deserve will automatically redeem your cash back as statement credit in $25 increments.
The Deserve® Edu Card is still a solid student card offering cash back and credit for your Amazon Prime Student subscription. But — as is often the case with student cards — the APR can be high.
Yes. You can use it like you would any other credit card. A student card typically comes with student-specific bonuses, such as rewards for good grades.
When you accumulate $25 in cash back, Deserve will automatically redeem it for you as statement credit.
As long as your card stays open and in good standing, your cash back won’t expire.
Connecting your bank account gives Deserve read-only access. That means Deserve can’t make changes to your connected account, but it can see the information associated with it — such as your transaction history and current balances.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.