September 22, 2023
Firstcard Review

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

Firstcard, a pupil debit card, goals to assist faculty college students navigate their newfound monetary obligations 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 may determine it’s the proper match on your pockets. 

Firstcard logo
  • Firstcard is a pupil debit card designed for school college students. 
  • With Firstcard, it is best to encounter a painless banking expertise. 
  • Plus, you may earn as much as 15% cashback once you store at campus companies.

What Is Firstcard?

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

Faculty 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 throughout the crew, presumably, this enter helps Firstcard ship what college students really need. 

What Does It Provide?

In case you are a university pupil, Firstcard’s debit card is likely to be price a more in-depth look. Right here’s what Firstcard has to supply.

Firstcard review: banking app

A Focus On Faculty Scholar Wants

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

Based on Firstcard, its mission is to “assist each faculty pupil turn out to be extra financially empowered to allow them to pursue their educational {and professional} objectives with out worrying about their funds. Our hope is to reshape the web banking expertise for school college students.”

As a university pupil, this focus is an enormous deal. When you may discover a free checking account for college students by way of many banks, most aren’t designed for the funds of a faculty pupil. For this reason you’ll doubtless admire the concentrate on a campus way of life.

Firstcard review: student debit card

Engaging Rewards

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

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

Easy Banking App

You may deal with your entire banking wants instantly by way of the Firstcard app. The great app offers you the flexibility 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. As a substitute, the app makes it straightforward to deal with your funds.

Are There Any Charges?

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

Firstcard doesn’t have quite a lot of charges hooked up. You received’t discover any annual charges, sign-up charges, overdraft charges, or minimal steadiness necessities by way of Firstcard. 

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

How Do I Contact Firstcard?

If you wish to get in contact with Firstcard, you may electronic mail [email protected]. Though there is just one type of communication obtainable, a comparatively complete FAQ section may provide help to discover the solutions you might be in search of. 

Up to now, the corporate has earned 4.1 out of 5 stars on Trustpilot. Nonetheless, there are solely 5 critiques of this comparatively new firm. The app critiques are much less constructive. Firstcard earned 2.6 out of 5 stars on the Google Play Store and three.9 out of 5 stars on the Apple App Retailer. Each websites have fewer than 20 reviewers.

Firstcard review: cashback

How Does Firscard Examine?

In case you are in search of a debit card that provides rewards on your spending, Firstcard is an possibility price contemplating.  Nonetheless, it’s not the one possibility on your faculty banking wants.

Present is a cellular banking app designed for youthful customers. Though Present isn’t particularly for school college students, you’ll nonetheless discover a handy expertise with minimal charges. Plus, Present offers you the prospect of incomes 4% APY on balances of as much as $6,000 inside a Financial savings Pod. 

If you happen to choose to work with an enormous financial institution that provides handy in-person places, the Chase Faculty Checking account is likely to be a superb match. 

You’ll keep away from any month-to-month upkeep charges if you’re between the ages of 17 to 24. Though the large financial institution can have some downsides, you’ll doubtless 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 method of working with Firstcard begins by offering your electronic mail handle. You’ll additionally must create a password. After that, you’ll present extra private details about your self. Be ready to offer your handle and Social Safety Quantity. 

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

Is It Secure And Safe?

Whenever you make a deposit to Firstcard, it’s FDIC insured as much as $250,000 by way of Lewis and Clark Financial institution. Moreover, Firstcard makes use of industry-standard encryption measures to guard your data from falling into the unsuitable arms. 

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

Is It Price It?

Firstcard‘s debit card is a pretty possibility for school college students. It’s all the time good when a product is particularly designed along with your wants in thoughts. Plus, the suite of money again alternatives is likely to be simply what you might want to stretch your {dollars} somewhat bit additional. 

General, Firstcard is likely to be the correct match for some faculty college students. However the lack of a financial savings account function or any interest-earning alternatives is likely to be a letdown for school college students who wish to put their funds to work. 

Firstcard Options

As much as 15% once you purchase from choose companies

$0/mo

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