The Ambition Mastercard® by College Ave is the best of both worlds: like a traditional credit card, it offers cash back rewards2 and credit building benefits1. And, like a debit card, it curbs overspending and dodges debt.
It's a safe option to help students like you build your financial future.
Establishing and building a positive credit history1 early will give you a solid foundation to achieve your future goals like:
Whether you're looking to rent an apartment or buy a home, your credit plays an important role. Landlords will check your credit history to determine if you'll be a reliable tenant, and mortgage companies check your credit to gauge your ability to make mortgage payments.
While rideshare apps or public transit are great options, the reality is that many students will need a car to get around.
Car loan companies check your credit report to determine if you're able to pay for the vehicle, and at what interest rate. And, with strong credit, you'll be set up to get the best interest rate possible.
Most college students rely on some form of financial aid to pay for school, most notably student loans. And when those students have a gap in their financing, they often turn to private student loans to fill it.
If you do need to turn to student loans, but do not have a strong credit history, or any history at all, you'll likely need to rely on a cosigner to be approved. With a good credit score, however, you could bypass a cosigner and be approved for a loan all on your own.
Having a good credit score can lead to lower interest rates, saving you money in interest over time.
Start building a positive credit history1 with Ambition and download our mobile app from the App Store. Easily manage your new Ambition Mastercard®, right from your fingertips.
Footnotes
The Ambition Card is designed to help you build your credit history; however, a variety of factors impact your credit including payment history, utilization, derogatory marks, account age, total number of accounts, and inquiries—not all factors are equally weighted.
Cash back rewards are subject to the Ambition Rewards Terms & Conditions.
Must be a current or upcoming college student, age 18 years or older, U.S. citizen or a permanent resident.
Credit limit based on amount deposited into the Secured Deposit Account, up to a maximum limit of $2,500.
A minimum deposit of at least $50.00 is required to get started.
