Deserve – a fintech and CaaS (Card-as-a-service), provides its customers with leading financial institutions, all while offering them branded credit cards. The company has built out its CaaS service through tools, analysis, and educating its customers.
This fintech powerhouse, which provides CaaS services, is not a bank but operates as a Celtic Bank, a Utah-chartered industrial bank member of the FDIC, to issue their cards. One of Deserve's most popular cards is the Deserve Pro credit card. You landed on the right page if you wanted to gain more insight into this particular card type. Hop on below to find out.
What is the Deserve Pro Credit Card?
The Deserve Pro is a cashback credit card for those in the later stages of rebuilding their credit or those building it for the first time. The card has no transactional fee and offers several cashback and discount offers. If you are a frequent traveler, purchasing the deserved pro credit card might work the best in your favor, given the exceptional reward benefits, making it an ideal spending aid.
While a few people consider the Deserve Pro Credit Card not perfect, this particular card offers several benefits to its users along with overall suitability. Want to know more about the workings of the Deserve Pro credit card and its benefits and drawbacks? We have a list concluded for you below.
How Does the Deserve Pro Credit Card Work?
The Deserve Pro Credit Card is issued to individuals who hold O1, L1, and H1B visas and is an excellent way for students and professionals to build a credit history while gaining financial independence. The card operates with a $0 annual fee or any form of transactional fee, giving you a 1% cashback on all purchases you make through it.
For any user who pays their mobile phone bill through the card, a reimbursement of $600 is made in case the cellphone is stolen or lost. While you may believe all this is great, it isn't where the card limits itself in its exceptional working. The card has no regional operation limits and can be used anywhere Mastercard works.
What are the Benefits and Drawbacks of Deserve Pro Credit Card?
Now that you know what a Deserve Pro Credit Card is and how it works, the next step would be to understand its benefits and drawbacks. This is because while the card might not charge you any issuance fee, a user needs to understand what it might offer them and what aspects may be restricted on the card before they commit to it. Here are a few of the best benefits and drawbacks that the Deserve Pro credit card offers:
The Benefits of Deserve Pro Credit Card
The Deserve credit card has several benefits that make its user's life more convenient. Among the many benefits, some of the best ones it offers are:
- No annual fee or transactional fee is charged for cardholders.
- The cardholders have the opportunity to earn exceptional rewards on travel, entertainment, and restaurant purchases ( the further details of these benefits are mentioned below)
- Cashback rewards are redeemed for statement credits when an increase of $25 is made.
- Users can gain additional benefits like a car rental damage waiver, cell phone insurance, and roadside and travel assistance without cost if they own the Mastercard.
The Drawbacks of Deserve Pro Credit Card
- The maximum credit line available is only $ 10,000, even for those with a high credit score.
- Earning rewards for bonus categories is limited to $500 on every billing cycle.
- The cashback reward redemption is limited to statement credits only.
- The credit card doesn't allow any balance transfer or cash advance transactions.
Frequently Asked Questions About Deserve Pro Credit Card
Does the Deserve Pro Credit Card offer any Bonus or Reward Points?
As mentioned above, the Deserve Pro Credit Card offers creditors many reward points and bonuses. However, we are sure you must be thinking about what these bonus and reward points are, right? Well, we have listed it down for you.
To begin, the Deserve Pro credit card offers 1% cash back on all purchases, along with 2% cash back at restaurants. Additionally, users can earn 3% cash back on travel and entertainment expenditures. However, it's important to note that the cashback rewards for general, restaurant, and travel spending are limited to a combined total of $500 per billing cycle.
What is the Intro APR for Deserve Pro Credit Card Users?
If you heard that there is no intro APR on the Deserve pro credit card for users, let us break it down to show that you stand correctly. However, while there is no introductory variable APR for new cardmakers, a regular APR of 17.49% to 24.49% variable might be applied to the card services.
What Credit Score is Recommended for an Individual to Own a Deserve Credit Card?
The overall previous credit scores matter greatly when an individual wants to purchase a new credit card. The question stands: is this the same case for the Deserve Credit Score? The Deserve Pro Credit Card doesn't require any minimum credit requirement. However, the new card applicants planning on purchasing this must have an established credit history and score.
Conclusion
The Deserve Pro Credit Card is an excellent option for those on an international visa or with insufficient previous credit history. The deserve pro credit card is an excellent pick with no annual or transactional fee and an exceptional range of cashbacks and bonus rewards.
If you are someone who heard about this card and wanted to know more, then we hope this Deserve Pro Credit Card review was helpful for you. Let us know whether you will purchase the credit card soon or not.
