Firstcard Evaluation | The College Investor

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When you head to school, you begin to be taught actual world tasks, like doing your individual laundry, making meals, and paying for payments. One main change you’ll face is managing your individual monetary selections, and it could make sense to go together with a monetary establishment that has the faculty expertise in thoughts.

Firstcard, a scholar debit card, goals to assist faculty college students navigate their newfound monetary tasks with ease. Firstcard guarantees a slew of advantages to make your monetary life easy throughout faculty. 

Let’s discover what Firstcard has to give you. Then you’ll be able to determine it’s the proper match to your pockets. 

Firstcard logo

  • Firstcard is a scholar debit card designed for school college students. 
  • With Firstcard, you need to encounter a painless banking expertise. 
  • Plus, you’ll be able to earn as much as 15% cashback while you store at campus companies.

What Is Firstcard?

Firstcard is a fintech that gives entry to a banking expertise particularly designed for college kids in faculty. Kenji Niwa, a visiting scholar at Stanford, based this startup in 2021. The firm works with Lewis & Clark Bank to supply the precise banking providers. 

College college students are the highest precedence for Firstcard, and the corporate appears to be placing its cash the place its mouth is. Firstcard has included a number of faculty college students inside the crew, presumably, this enter helps Firstcard ship what college students really need. 

What Does It Offer?

If you’re a faculty scholar, Firstcard’s debit card may be price a better look. Here’s what Firstcard has to supply.

Firstcard review: banking app

A Focus On College Student Needs

Firstcard is clearly placing an emphasis on making a banking expertise that’s straightforward for school college students. 

According to Firstcard, its mission is to “assist each faculty scholar turn into extra financially empowered to allow them to pursue their tutorial {and professional} targets with out worrying about their funds. Our hope is to reshape the net banking expertise for school college students.”

As a school scholar, this focus is an enormous deal. While you may discover a free checking account for college kids by many banks, most aren’t designed for the funds of a school scholar. This is why you’ll possible admire the deal with a campus way of life.Firstcard review: student debit card

Attractive Rewards

Firstcard gives as much as 15% money again while you make purchases from choose companies. The community of companies providing money again consists of many on-campus or near-campus institutions. However, money again can also be obtainable by many nationwide chains.

This money again quantity (15%) on purchases is an enormous win to your finances. Another good perk is the power to have your scholar low cost utilized everytime you use your Firstcard. You received’t need to shuffle round for a scholar low cost, it’s utilized mechanically. 

Straightforward Banking App

You can deal with all your banking wants immediately by the Firstcard app. The complete app provides you the power to watch your transactions, rewards, spending statistics, and extra. 

As you navigate your first banking expertise, you’ll admire the simplicity of the app. You received’t need to dig round to handle your funds. Instead, the app makes it straightforward to deal with your funds.

Are There Any Fees?

Overall, the final lack of charges is a pleasant perk of Firstcard. 

Firstcard doesn’t have numerous charges hooked up. You received’t discover any annual charges, sign-up charges, overdraft charges, or minimal stability necessities by Firstcard. 

However, you may face an inactivity payment in case you don’t make any deposits or withdrawals for a interval of 15 months.

How Do I Contact Firstcard?

If you need to get in contact with Firstcard, you’ll be able to e mail assist@firstcard.app. Although there is just one type of communication obtainable, a comparatively complete FAQ part may assist you discover the solutions you might be on the lookout for. 

So far, the corporate has earned 4.1 out of 5 stars on Trustpilot. However, there are solely 5 opinions of this comparatively new firm. The app opinions are much less optimistic. Firstcard earned 2.6 out of 5 stars on the Google Play Store and three.9 out of 5 stars on the Apple App Store. Both websites have fewer than 20 reviewers.Firstcard review: cashback

How Does Firscard Compare?

If you might be on the lookout for a debit card that gives rewards to your spending, Firstcard is an possibility price contemplating.  However, it’s not the one possibility to your faculty banking wants.

Current is a cellular banking app designed for youthful customers. Although Current isn’t particularly for school college students, you’ll nonetheless discover a handy expertise with minimal charges. Plus, Current provides you the possibility of incomes 4% APY on balances of as much as $6,000 inside a Savings Pod. 

If you like to work with an enormous financial institution that gives handy in-person places, the Chase College Checking account may be a superb match. 

You’ll keep away from any month-to-month upkeep charges in case you are between the ages of 17 to 24. Although the massive financial institution can have some downsides, you’ll possible have an in-person department to deal with your banking wants. 

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Firstcard comparison Firstcard comparison: current Firstcard comparison: chase college student checking

$6 per 30 days (waived with ACH deposit)

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How Do I Open An Account?

The strategy of working with Firstcard begins by offering your e mail deal with. You’ll additionally must create a password. After that, you’ll present extra private details about your self. Be ready to supply your deal with and Social Security Number. 

It ought to solely take 10 minutes to finish your complete sign-up course of.

Is It Safe And Secure?

When you make a deposit to Firstcard, it’s FDIC insured as much as $250,000 by Lewis and Clark Bank. Additionally, Firstcard makes use of industry-standard encryption measures to guard your data from falling into the fallacious fingers. 

As you’re employed with Firstcard, you’ll get notifications about your transactions. If you don’t acknowledge a transaction, you’ve got the power to lock the cardboard at any time.

Is It Worth It?

Firstcard‘s debit card is a horny possibility for school college students. It’s at all times good when a product is particularly designed together with your wants in thoughts. Plus, the suite of money again alternatives may be simply what that you must stretch your {dollars} a bit bit additional. 

Overall, Firstcard may be the correct match for some faculty college students. But the dearth of a financial savings account characteristic or any interest-earning alternatives may be a letdown for school college students who need to put their funds to work. 

Firstcard Features

Up to fifteen% while you purchase from choose companies

$0/mo

Inactivity payment in case you don’t make any deposits or withdrawals for a interval of 15 months. 

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