Firstcard Evaluation | The Faculty Investor

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Firstcard Review

While you head to university, you get started to be informed actual international duties, like doing your personal laundry, making foods, and paying for expenses. One main alternate you’ll face is managing your personal monetary choices, and it is going to make sense to move with a monetary establishment that has the varsity enjoy in thoughts.

Firstcard, a scholar debit card, goals to assist faculty scholars navigate their newfound monetary duties comfortably. Firstcard guarantees a slew of advantages to make your monetary existence easy right through faculty. 

Let’s discover what Firstcard has to provide you with. Then you’ll be able to make a decision it’s the proper are compatible to your pockets. 

Firstcard logo
  • Firstcard is a scholar debit card designed for students. 
  • With Firstcard, you will have to stumble upon a painless banking enjoy. 
  • 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 get right of entry to to a banking enjoy particularly designed for college students in faculty. Kenji Niwa, a visiting student at Stanford, based this startup in 2021. The corporate works with Lewis & Clark Financial institution to give you the precise banking services and products. 

Faculty scholars are the highest precedence for Firstcard, and the corporate appears to be striking its cash the place its mouth is. Firstcard has incorporated a number of faculty scholars inside the group, possibly, this enter is helping Firstcard ship what scholars truly need. 

What Does It Be offering?

In case you are a faculty scholar, Firstcard’s debit card may well be value a more in-depth glance. Right here’s what Firstcard has to supply.

Firstcard review: banking app

A Focal point On Faculty Pupil Wishes

Firstcard is obviously striking an emphasis on making a banking enjoy that’s simple for students. 

In step with Firstcard, its venture is to “assist each and every faculty scholar develop into extra financially empowered so they may be able to pursue their instructional {and professional} objectives with out being worried about their price range. Our hope is to reshape the net banking enjoy for students.”

As a faculty scholar, this center of attention is a huge deal. Whilst you would possibly discover a loose bank account for college students thru many banks, maximum aren’t designed for the price range of a faculty scholar. For this reason you’ll most probably respect the focal point on a campus way of life.

Firstcard review: student debit card

Horny Rewards

Firstcard gives as much as 15% money again when you’re making purchases from make a choice companies. The community of companies providing money again contains many on-campus or near-campus institutions. Then again, money again could also be to be had thru many nationwide chains.

This money again quantity (15%) on purchases is a huge win to your finances. Some other great perk is the power to have your scholar bargain carried out every time you utilize your Firstcard. You gained’t must shuffle round for a scholar bargain, it’s carried out mechanically. 

Simple Banking App

You’ll be able to care for all your banking wishes immediately in the course of the Firstcard app. The great app will provide you with the power to observe your transactions, rewards, spending statistics, and extra. 

As you navigate your first banking enjoy, you’ll respect the simplicity of the app. You gained’t must dig round to regulate your finances. As an alternative, the app makes it simple to care for your finances.

Are There Any Charges?

General, the overall loss of charges is a pleasant perk of Firstcard. 

Firstcard doesn’t have numerous charges hooked up. You gained’t in finding any annual charges, sign-up charges, overdraft charges, or minimal steadiness necessities thru Firstcard. 

Then again, you may face an inaction price if you happen to don’t make any deposits or withdrawals for a length of 15 months.

How Do I Touch Firstcard?

If you wish to get involved with Firstcard, you’ll be able to e-mail toughen@firstcard.app. Even though there is just one type of communique to be had, a fairly complete FAQ segment would possibly allow you to in finding the solutions you’re in search of. 

To this point, the corporate has earned 4.1 out of five stars on Trustpilot. Then again, there are simplest 5 opinions of this fairly new corporate. The app opinions are much less sure. Firstcard earned 2.6 out of five stars at the Google Play Retailer and three.9 out of five stars at 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 to your spending, Firstcard is an choice value bearing in mind.  Then again, it’s now not your best option to your faculty banking wishes.

Present is a cellular banking app designed for more youthful customers. Even though Present isn’t particularly for students, you’ll nonetheless discover a handy enjoy with minimum charges. Plus, Present will provide you with the danger of incomes 4% APY on balances of as much as $6,000 inside of a Financial savings Pod. 

If you want to paintings with a large financial institution that provides handy in-person places, the Chase Faculty Bank account may well be a excellent are compatible. 

You’ll steer clear of any per thirty days upkeep charges in case you are between the ages of 17 to 24. Even though the large financial institution may have some downsides, you’ll most probably have an in-person department to care for your banking wishes. 

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

$6 per thirty days (waived with ACH deposit)

Mobile

Mobile

How Do I Open An Account?

The method of operating with Firstcard begins via offering your e-mail deal with. You’ll additionally wish to create a password. After that, you’ll supply extra non-public details about your self. Be ready to offer your deal with and Social Safety Quantity. 

It will have to simplest take 10 mins to finish all of the sign-up procedure.

Is It Protected And Safe?

When you’re making a deposit to Firstcard, it’s FDIC insured as much as $250,000 thru Lewis and Clark Financial institution. Moreover, Firstcard makes use of industry-standard encryption measures to offer protection to your data from falling into the mistaken arms. 

As you’re employed with Firstcard, you’ll get notifications about your transactions. For those who don’t acknowledge a transaction, you be capable to lock the cardboard at any time.

Is It Price It?

Firstcard‘s debit card is a wonderful choice for students. It’s all the time great when a product is particularly designed together with your wishes in thoughts. Plus, the suite of money again alternatives may well be simply what you wish to have to stretch your greenbacks a bit bit additional. 

General, Firstcard may well be the appropriate are compatible for some faculty scholars. However the loss of a financial savings account function or any interest-earning alternatives may well be a letdown for students who need to put their finances to paintings. 

Firstcard Options

As much as 15% while you purchase from make a choice companies

$0/mo

State of no activity price if you happen to don’t make any deposits or withdrawals for a length of 15 months. 



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