At Firstcard, we’ve always been committed to providing college students with a better credit card experience. Our mission is to help students succeed in their financial journey. We aim to help students build their credit, manage their finances, and ultimately achieve their financial goals.
Today, we’re thrilled to introduce Firstcard+, a subscription product that takes our commitment to the next level. With only $2.99 a month, Firstcard+ members will earn a higher 4.25% APY1 on their money in Firstcard, enjoy credit monitoring feature right in the app, and earn an additional 1% cashback on all purchases.
This adds to Firstcard’s existing Merchant Cashback2 rewards at 29,000+ retailers, with up to 15% cashback. It also comes with Random Cashback3, a roulette game in the app where users can play after purchases for a chance to win up to 10% cashback.
A higher APY rate that beats most banks
When we set out to create Firstcard, one of our core principles was to offer something different from traditional big banks. We understand that students often face financial challenges, and we wanted to be the solution they needed. One glaring difference is our competitive Annual Percentage Yield (APY) offering with Firstcard+. While Chase and Bank of America offer only a 0.01% APY on their savings accounts, we’re proud to offer our Firstcard+ members a remarkable 4.25% APY. We don’t want to be greedy and want your money to work for you.
Credit Monitoring Right in the App
Firstcard+ subscription comes with our new credit monitoring feature. The credit monitoring feature is not just another add-on; it’s an integral part of our commitment to empowering students. As students build their credit history with Firstcard, they can now monitor their credit scores right within the app. This feature eliminates the need to leave our ecosystem to check on your credit progress. We built it with students in mind to make it easy and convenient for them to see how their credit scores are improving over time while they use Firstcard.
More Cashback for Firstcard+ Members
Yes, there is more cashback! Firstcard+ members will also enjoy an additional 1% cashback on top of the already exciting up to 15% Merchant Cashback and up to 10% Random Cashback that our platform offers. We believe that rewarding our members for their loyalty and making sure they get the most value out of their spending fuels Firstcard’s student-first approach.
Firstcard+ is more than just a subscription product. It’s a tool designed to empower students to succeed in their financial journey. Firstcard+ is also a testament to our ongoing commitment to providing students with the best financial tools and opportunities. We believe in giving you the benefits that big banks don’t, and we’re excited to see how Firstcard+ can help students succeed in their financial journey from the very beginning.
The Firstcard debit and credit cards are issued by Regent Bank, pursuant to a license from Mastercard. Firstcard is a financial technology company, not a bank. Banking services are provided by Regent Bank; Member FDIC. Valid for 18+ and subject to account approval.
1 The Annual Percentage Yield (“APY”) for the Deposit Account is variable and may change at any time. The disclosed APY is effective as of October 2023. Users with no SSN or ITIN on file are not currently eligible to earn interest. No minimum balance is required. Firstcard+ customers will earn an additional 1% unlimited cashback on all eligible credit card purchases. Exclusions apply. Cashback rewards are not earned on ATM withdrawals, P2P transfers, purchases of gift cards or other cash equivalents, and certain other types of transactions as determined by Firstcard.
2 Merchant Cashback: The amount of cashback is determined by the transaction and participating merchants. See firstcard.app/cashback-policy.
3 Random Cashback: Users will receive up to 10% of random cashback on qualifying purchases. A qualifying purchase is a purchase that has been processed and accepted by the merchant and has settled in the entrant’s Firstcard account. This purchase may, but not necessarily, include tips, holds, and deposits related to the qualifying purchase. Additionally, the following transaction categories are NOT qualifying purchases and will not be eligible to earn entries into random cashback: ATM withdrawals, wire transfers or cash transfers, purchasing gift cards or other cash equivalents, gambling or online casino, peer-to-peer (P2P) transfers, such as Venmo, Cash App, transfers between Firstcard users, or similar services, gambling, bill payment, prepaid phone recharge and any other transaction types that we may deem ineligible at our sole discretion. See firstcard.app/random-cashback-policy.