The Ambition Mastercard® by College Ave offers a unique opportunity for college students to start building their credit history from scratch. This hybrid card combines the features of both secured and unsecured cards, making it accessible even for those without any credit history. With easy approval for students, the card does not require a credit check, and applicants need to be at least 18 years old and currently enrolled or incoming college students. The card’s spending power is based on the balance in a secured deposit account, which offers more flexibility than traditional secured cards. However, the card has a monthly fee of $2 starting after the first six months and provides limited rewards—1.25% cash back on select categories and 0.5% on other purchases. For students seeking better cashback rates or no fees, alternatives like the Upgrade OneCard or Chase Freedom Rise℠ might be more appealing. These cards offer better rewards without monthly or annual fees. Ultimately, while the Ambition Mastercard can be a good stepping stone for students to build credit, it’s crucial to compare different options to find the best fit.
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