Is Deserve Credit Card Good

Should You Apply For The Deserve Edu Mastercard

Is the Deserve EDU card worth it? For international students, the answer is a resounding yes. Deserve EDUs non-traditional approval and credit vetting process makes the approval process ideal for those new to the United States and those new to credit entirely.

The Deserve EDU card emphasizes rewarding students while they build their credit. As such, Deserve offers a whole range of perks, including cell phone protection , no foreign transaction fees, and one free year of Amazon Prime Student for new cardholders.

Overall, the Deserve EDU is a versatile student credit card that hits many of the right notes. In a marketplace full of offers, this is one card that deserves another look.

Is The Deserve Edu Mastercard For Students Right For You

If youâre a student looking to establish credit, the Deserve® EDU Mastercard for Students may clear some obstacles from your path while also earning you cash-back rewards, a rare opportunity when you have no credit record. Just try to avoid carrying ongoing balances so interest charges don’t pile up, and make all of your payments on time.

How Does It Work

Through an online form, you will provide your personal and contact information, such as name, address, date of birth, phone number, etc. You will also need to provide your financial status and your full social security number. However, with exception for the international students and if you apply for the Deserve Edu option.

After you have applied, the company calculates your credit potential and will decide whether to approve or deny your credit card request.

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What Should I Do When My Card Is Declined

If your credit card is declined, start by double-checking to ensure that you entered the right information.

When shopping online, that information will include your credit card number, billing address, expiration date, and security code. If youre using your card at a brick-and-mortar business, this will likely only include your billing ZIP code.

If youre positive that youre entering the correct information and your card is still being declined, check the back of your credit card for your issuers contact information. Call the toll-free number and ask the representative whats wrong. Your credit card issuer will virtually always be able to identify the issue and guide you through the steps youll have to take to address it.

Pay Off Your Credit Card Balance

You can close a credit card even if you still have a balance, but your credit score may suffer because your will appear higher. Credit utilization considers the ratio of your credit limits to credit card balances and is part of the second biggest factor that goes into your credit score.

When you close your credit card with a balance, you’ll still have to make regular monthly;payments until you’ve paid off the balance.;If possible, be sure to pay off the balance on the credit card before you close it since it will lessen the impact on your credit score.;

When you pay off the card and close it, you will no longer have that credit limit boosting your credit utilization. In other words, if you close a card after paying it offand your other cards have balances close to their credit limitsyour overall credit utilization will rise. You want to have credit available on each card, showing creditors that you’re not maxing out your accounts, which would make you a credit risk and lower your score.

If you can’t afford to pay off your balance and you’re eager to close the credit card, consider transferring the balance to another credit card. A credit card without any used credit or one with a promotional interest rate is good candidates for a balance transfer.

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What’s The Best Credit Card For A Student With No Credit

The best credit card for a college student with no credit is likely a credit card that doesnt require an extensive credit history or any credit history, such as the Deserve EDU Mastercard or Journey Student Rewards from Capital One.

In addition, secured credit cards are typically easier to qualify for since you often have to put down a security deposit instead of passing a credit check.

Deserve Edu Mastercard Review

• Fair/

The Deserve® EDU Mastercard is a great option to helps students build their credit history and gain financial independence. Cardholders will be eligible for credit limits up to $5000 all while earning 1% unlimited cash back on all purchases and;getting complimentary cellphone insurance up to $600. Plus theres no security deposit required, no co-signer required, and no annual fee.

• 1% unlimited cash back on all purchases

• Receive one year of Amazon Prime Student on Deserve after spending $500 in the first three billing cycles with your EDU card .

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What Is A Student Credit Card

Student credit cards often feature low income requirements, no annual fees, and are geared to those who are applying for their first-ever credit card and looking to establish a credit history. While many student credit cards dont provide rewards, some of the best student credit cards in Canada do, offering students the ability to rack up savings in the form of cash back or points.

Amazing Credit Card & Protected From Scams

I’ve been using this credit card since 2019 and I love it soo much to the point that it protects me from scams. I love the app and everything is clear. The only issue with this credit is that it is hard to insrease your limit since it is based on your history with them other than that I am happy with the service and products

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Deserve Edu Mastercard For Students Vs Discover It Student Cash Back

The Discover it Student Cash Back card also has no annual fee, but offers 5% cash back on the first $1,500 in quarterly spending in select rotating categories when you enroll. Though it has a much more complex rewards earning scheme than the Deserve EDU Mastercard, the Discover it Student card has the potential to earn much more in rewards for the same spending, especially at the end of the first year, when Discover Cashback Match matches the all of the cash back that a new cardholder has earned during the first year.

The Discover it Student Cash Back also earns the same unlimited 1% cash back the Deserve EDU Mastercard does on all other purchases. The major drawbacks of the Discover card over the Deserve EDU are that Discover isnt widely accepted outside the U.S., so its lack of foreign transaction fees are a moot point and that the card wont be as easy to obtain for those without social security numbers.

Deserve Edu Card Review

The Deserve EDU card is an excellent student credit card for those attending a U.S. university. The card is especially ideal for international students, as Deserve does not require a Social Security Number to apply.

Student credit cards are generally easier to receive than regular credit cards because they are geared towards those with limited or no credit history. Deserve EDU takes this a step further by removing the need for an SSN, opening the world of unsecured credit to a wider selection of learners.

No SSN needed makes the card perfect for international students that want to establish credit in the United States but dont want to pay a security deposit to open a secured credit card account. All international applicants need to apply is their passport, U.S. bank account information, and U.S. student visa.

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Best Cards To Pair With The Deserve Edu Mastercard For Students

Students who want to squeeze in as much travel as they can during their college years will find the;Bank of America® Travel Rewards Credit Card for Students;a great companion to their Deserve EDU Mastercard.

In addition to a great travel rewards rate of 1.5 percent, theres also the sign-on bonus of 25,000 points for cardholders who make at least $1,000 in purchases within the first 90 days after signing up for the card.

The 6 Best Student Credit Cards In Canada For 2021

• Best secured card for bad / building credit:

The transition from high school graduate to college or university freshman is a big leap.

From living away from home for the first time to learning how to navigate the ins and outs of campus life, wading through the complexities of getting a first credit card can quickly fall off the priority list for many students. And while some students may choose not to apply for a credit card at all, others may be swayed into a particular card by a sales representative on campus promising freebies like a complimentary t-shirt. Neither of these is the best courses of action to take, as students should understand the benefits of using credit cards and compare all their options instead of being sold on a single card.

Below, we shed light on the benefits of student credit cards and provide a breakdown of the best student credit cards in Canada for 2021. Note: While some of the cards on our list are not full-fledged student credit cards per se, all have no annual fees and minimal qualification requirements.

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No Card It’s Almost Two Billing Cycles Now

I had an absolutely horrible experience from Deserve. I was approved for the Deserve EDU Mastercard on June 23rd and after more than a month, they still haven’t sent me the card , despite multiple calls to their customer support. I’ll get the second billing statement next week, and still no card!It’s just been a total headache dealing with their customer support, who just keeps endlessly pushing back the timeframes for me to receive the card- they made me wait one full month before re-issuing the card, and kept on asking me to wait for a couple more days every time I call them after the standard 5-10 business days time frame. And I’ve verified my address multiple times, so it seems something is terribly wrong with their shipping, since I’ve been getting other USPS mails just fine. Just know that if at all something goes wrong, their customer service might just keep giving you false promises without trying to sort out the issue properly.I finally got tired of contacting their customer support, filed a complaint with the CFPB , and got a credit card from Discover- and I finally have some peace of mind.

Reply from Deserve

Reflex Mastercard Credit Card

• See if youâre Pre-Qualified with no impact to your credit score
• All credit types welcome to apply
• Free access to your Vantage 3.0 score from TransUnion*
• Monthly reporting to the three major credit bureaus
• Fast and easy application process; results in seconds
• Use your card at locations everywhere Mastercard® is accepted
• Checking Account Required
• $0 fraud liability for unauthorized charges

• See if youâre Pre-Qualified with no impact to your credit score
• All credit types welcome to apply
• Free access to your Vantage 3.0 score from TransUnion*
• Monthly reporting to the three major credit bureaus
• Fast and easy application process; results in seconds
• Use your card at locations everywhere Mastercard® is accepted
• Checking Account Required
• $0 fraud liability for unauthorized charges

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Deserve Pro Mastercard: Basics And Benefits

Card type: Cash back.

Rewards:

• 3% cash back on travel and entertainment and 2% cash back at restaurants .

• 1% cash back on all other purchases.

• Rewards redeem automatically as a statement credit when your earnings hit $25.

Annual fee:$0.

Foreign transaction fees: None.

• No security deposit required. The Deserve® Pro Mastercard is a regular “unsecured” card.

• Cell phone protection for up to $600 if your cell phone is stolen or damaged as long as you use the card to pay your cell phone bill.

• Waived late fee on your first late payment.

• Referral bonuses. You get $30 in statement credit whenever you refer someone who qualifies for the card; that person earns $30 for joining. Thereâs no limit to the number of people you can refer. You also earn $200 for every 10th referral.

Like many other issuers, Deserve doesnât accept co-signers, so you must meet requirements on your own to qualify for this card. Deserve reports your payment activity to the three major U.S. credit bureaus: TransUnion, Equifax and Experian.

Deserve Credit Cards Review: Are They Worth A Try

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Are you looking for a credit card to help you build credit? Or maybe you’re a student looking for your first credit card. That’s where Deserve credit cards come into the picture.

Quick Summary

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New Student Unable To Get Card

I helped my daughter try to get this card as her first credit card, starting college. The application process was a nightmare. We followed all the instructions, and then they demanded a copy of her studend ID card. She only had a digital copy, as she hadn’t started school yet. Went back and forth with them for weeks, playing phone tag, unable to reach anyone who would answer the phone. Hours wasted, I finally sent an email of my frustrations. A supervisor called and said the digital copy would be fine. So she submitted it again and a week later her whole application was denied because of the lack of student ID . Total waste of time, we will be going elsewhere and never doing business with Deserve again.*Update. Their response to me directly provided no actual assistance. Their reply on this website was just for show.

Reply from Deserve

Deserve Edu Mastercard For Students’ Outstanding Benefits

The Deserve Edu Mastercard for students offers some unusually valuable perks for a student credit card:

• Cell phone coverage: Pay your cell phone bill with your Deserve Edu Mastercard for students and youll get up to $600 in insurance coverage against damage or theft.;
• $100 Feather subscription discount: Sign up for a subscription to Feathera furniture rental servicewith your Deserve card, and you’ll get $100 off your first month.;
• Lemonade credit: Pay for three consecutive months of Lemonade homeowners/renters’ insurance with your Deserve card and you’ll get a $10 statement credit.;

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No Credit History Required

There is no credit history required to sign up for the Deserve® EDU Mastercard. If you dont have one, Deserve will determine your eligibility using their own set of criteria.

As part of this process, youll need to provide them with access to your bank account to verify your assets. Keep in mind that if you do have a credit score, Deserve will take it into consideration.

This isnt a card for people with bad credit. Its a card for people with no or limited credit.

At the same time, the Deserve® EDU card is ideal for building a credit score from scratch. Thats because Deserve reports to all three major credit bureaus.

These companies are the ones who determine your credit score. If youre making your credit card payments on time and keeping your balance to a minimum, this will reflect well on you, and your score will go up.

Be careful not to fall into delinquency, though late payments will actually hurt your credit score.

What Is The Easiest Unsecured Credit Card To Get Approved For

Unsecured credit cards require no cash deposit to open. It’s possible to get some unsecured cards if your credit is in the fair, or even bad, range.;

If you have poor credit or no credit, consider these unsecured card options:

• The Credit One Bank Platinum Visa offers cash back with no security deposit required. This card does have an annual fee, however.
• Total Visa:The Total Visa is an unsecured credit card designed for people who don’t have perfect credit. The card reports to all three credit bureaus, which can help in building a better credit history. Note that there’s an initial program fee for opening an account.
• Petal 2 Visa:The Petal 2 Visa is a cash back rewards card that offers higher credit limits with no fees. There’s no deposit required at sign-up, and you can use the card to build or rebuild credit.;

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Great For International Students

International Students can apply for a Deserve® EDU Mastercard without a Social Security number.

However, youll still need to provide some documentation, including your passport and student visa. Depending on your school arrangements, youll also need to show your I-20 or D.S. 2019. U.S. citizens and permanent residents will simply provide their Social Security number.

Keep in mind that if you obtain permanent residency, youll need to provide a Social Security number at that time.

Another benefit for international students is that you can use this card to build credit without the need for a Social Security number.

However, youll have a harder time obtaining your own credit rating. Youll usually have to submit a request to the credit bureaus in writing, which takes extra time and is a bit of a pain.

If you end up obtaining a Social Security number, youll be able to skip this part.