Deserve Classic Mastercard review July 2018 |

Deserve® Classic Card review July 2018

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One of the few unsecured cards you may qualify for if you’re new to credit.

  • Get this card if… you have less-than-stellar credit and are OK with paying an annual fee.
  • Pick something else if… you don’t want to pay an annual fee.
  • Customers new to credit are welcome to apply.
Product NameDeserve® Classic Card
Card TypeMastercard
Annual Fee$39
APR (Annual Percentage Rate) for Purchases24.74% variable
Foreign Transaction FeeNone
Interest Free PeriodUp to 23 days
Minimum Interest$1
Late Payment Fee$25
Returned Payment Fee$37
Additional Cardholder Fee$0
Minimum Age18 years of age

The basics

There are two important things you should know about the Deserve® Classic Card:

  • It comes with a $39 annual fee.
  • It offers very few perks. Mastercard benefits are an exception, offering benefits like roadside assistance and extended warranties.

So, why should you consider paying for the Deserve® Classic Card? Because it’s geared toward customers with no credit history. If that’s you, then you might find it easier to get approved for the Classic than other cards. With consistent, on-time payments, you can begin to build your credit.

Other options to consider

When other banks say no, Deserve may welcome you

Deserve has a non-traditional process for customer screening. When considering your application, it looks at factors like your education, future employability and projected earnings — not just your credit score. This could help you get a credit card when other banks might deny you.

The perks

  • No deposit required.
    If you’re in a credit-building phase, you may be limited mostly to secured credit cards. These require you to put down a security deposit. The Deserve® Classic Card can help you build credit, but it doesn’t require a deposit. This can be very helpful since you won’t have to lock down $200 or $300 to use the card.
  • Upgrade to the Deserve® PRO or Deserve® Edu Card with good credit behavior.
    Deserve® PRO and Deserve® Edu Card offer cash back, higher credit limits and no annual fees. You may be able to upgrade to them with good credit behavior, such as paying your bills on time and staying within your credit limit.

Secured vs. unsecured cards: What’s the difference?

Other benefits

  • No foreign transaction fees.
  • No penalty APR.
  • No over-the-credit-limit fee.
  • Car rental collision damage waiver.
  • Travel assistance services for lost luggage and medical assistance.
  • Extended warranties on products you buy.
  • Roadside assistance.
  • Price protection that partially reimburses you if you find lower prices on items you’ve purchased.

What to watch out for

  • $39 annual fee.
    The card doesn’t require a security deposit, but the tradeoff is the $39 annual fee. This is standard among so-called “subprime” unsecured cards — cards that are available to customers with lower credit scores.
  • High APR.
    The Deserve® Classic Card has a 24.74% variable APR, which is a high interest rate. The average credit card APR is 16%. Consider paying off your balance each month to avoid accruing interest on your balance.

How does credit card interest work?

What else you should know

  • There’s a $1,500 maximum credit limit.
    To limit its risk, Deserve will cap your credit limit at $1,500. This may be inconvenient if you need to make a large purchase or carry a balance from month to month. However, it’s a typical maximum credit limit among subprime credit cards.It’s also most likely higher than what you’d get with a secured card. To get a $1,500 credit limit with a secured card, you’d have to make a deposit equal to that amount.

The Deserve® Classic Card vs. a secured credit card

Updated July 22nd, 2018
Name Product Minimum Credit Limit Maximum Credit Limit Annual Fee
Designed to help build credit history with no deposit required and access to benefits.
Take control and build your credit with responsible use.

Compare up to 4 providers

  • The card doesn’t offer balance transfers or cash advances.
    Balance transfers let you move debt from other places to your credit card. Cash advances let you draw cash from your credit card. Most cards let you make these transactions. The Deserve® Classic Card doesn’t.Though that technically limits your options, it might not be a bad thing. People often get in trouble with balance transfers and cash advances, accumulating lots of debt on their credit cards. By not making these transactions, you keep things simple by sticking to purchases only.

What to know before you apply

To apply for the Deserve® Classic Card, you must be at least 18 years old.

Always consider your options and your financial situation before you apply for a credit card.

Information you’ll need

  • Your full name and contact information.
  • Your residential status.
  • Your annual income, source of income and employment information.
  • Your Social Security number and mother’s maiden name.
  • Your current bank account information if you’re a US citizen or permanent resident.

What credit score do I need?

If you don’t have a credit history, you’re the target customer for this card and more than welcome to apply.

If you have a credit history, you’ll have a better chance of approval for the Deserve® Classic Card if you apply with at least a fair credit score of 620 to 679. Your odds improve significantly if you apply with a good to excellent score of 680 to 850.
What’s a good credit score?

How to apply for the Deserve® Classic Card

1. Go to the Deserve website and click Apply for Classic.
Deserve® credit cards screenshot

2.Complete the application with details like your name, address, annual income and Social Security number.
Deserve® credit cards screenshot v2

3. You may be asked to connect your bank account. This lets Deserve read and analyze your financial records to determine an appropriate credit limit — it can’t make changes to the linked bank account.

4. Review and submit your application.

How long will it take to be approved?

Because conditional approval is automated on the Deserve website, you’ll often get a decision within 60 seconds. In some cases, you’ll need to wait a few days to a few weeks to receive a response.

I got the card. Now what?

  • Make timely payments. Pay your card bill online at the Deserve website, where you can also enroll in autopay.
  • Avoid interest. After the close of each billing cycle, you have a grace period of 23 days to pay your balance. If you do, you won’t pay interest on your purchases.
  • Avoid fees. Late payments come with fees of up to $25.
  • Customer service. If you have questions, contact Deserve support at 800-316-7258. Representatives are available Monday through Thursday from 5 a.m. to 7 p.m. and Friday and Saturday from 5 a.m. to 3 p.m. Pacific standard time.

Bottom line

Pound for pound, the Deserve® Classic Card isn’t a particularly attractive card. It doesn’t come with perks like rewards or a signup bonus, and it charges a $39 annual fee.

However, that may be the price of admission if you’re new to credit. Because Deserve deploys a non-traditional method for customer screening, it could be one of the few companies that’ll approve you for an unsecured card. What’s more, it could be your path to more lucrative cards.

Still not convinced this is the right card for you? Visit our comprehensive guide to credit cards to compare your options.

Frequently asked questions

Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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2 Responses

  1. Default Gravatar
    EknockoneMay 10, 2018

    Why must you supply your username, password and answers to security questions for your bank when you apply? I answered the questions correctly, was able to move on to the rest of the application and later changed my password for security reasons. Received an email from my bank telling me I was locked out of my account because there were too many failed login attempts! Once I answered all the questions correctly, I figured I passed the test. But I certainly didn’t want to have ALL my banking information floating around in cyberspace for someone to have…

    • finder Customer Care
      JhezelynMay 11, 2018Staff

      Hello Eknockone,

      Thank you for your comment.

      Just to confirm though that we do not represent any lender, we do not offer loans ourselves and we do not represent any company we feature on our site. 

      With regards to your online banking login being asked when you apply for a loan, there are actually pay-day loan lenders that do that. Nevertheless, please know that they will not have access to your bank account and neither will the third-party service like finder that facilitates the sending of read-only copies of your bank statements. Lenders will also not store your login details and generally, this process is encrypted and secure through their site. 

      There’s an article on this page that explains why lenders do this.


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