Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. Compensation and in-depth editorial research, determines where & how companies appear below. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. 

Advertiser Disclosure: Many of the companies featured here provide compensation to us. This is how we maintain our free service. Compensation and in-depth editorial research, determines where & how companies appear below. 

Deserve® Pro Mastercard Review

Learn More

Deserve® Pro Mastercard Review

Apply now and start enjoying 3% cash back on travel, no annual fees, and the freedom of no foreign transaction fees!

Deserve® Pro Mastercard Review

Deserve® Pro Mastercard Review

Learn More

Apply now and start enjoying 3% cash back on travel, no annual fees, and the freedom of no foreign transaction fees!

Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Introduction

The Deserve® Pro Mastercard is tailored for those building their credit journey while desiring to reap the benefits of a rewards card. It stands out with its $0 annual fee and absence of foreign transaction fees, offering a competitive edge for frequent travelers and diners. The card’s cash-back rewards system is particularly appealing for spending on travel, entertainment, and dining.

As a Mastercard, it also comes with universal acceptance and additional Mastercard-specific benefits. Catering to employed applicants, including new immigrants with an existing credit history, the Deserve® Pro proves to be a worthy contender in the credit card market.

Welcome Bonus

The Deserve® Pro Mastercard sets itself apart from many other credit cards in its category by focusing on offering ongoing value rather than an upfront welcome bonus.

Unlike several cards that entice new cardholders with a large initial bonus, the Deserve® Pro Mastercard maintains simplicity and long-term rewards, effectively skipping the short-term incentive of a welcome offer.

Although the lack of a welcome bonus might seem like a drawback at first glance, it’s crucial to consider the card’s broader financial perspective.

The Deserve® Pro Mastercard is structured to foster responsible credit use and reward consistent spending habits, particularly in the travel, entertainment, and dining categories, without the immediate reward bait that can sometimes lead to overspending.

New cardholders should evaluate their spending behavior and financial goals to determine if the ongoing cash-back earnings align with their expectations, despite the absence of a welcome bonus.

This approach aligns with a more sustainable credit management strategy, potentially appealing to users who prefer consistent benefits over a one-time offer.

Earning Rewards

The Deserve® Pro Mastercard offers an attractive rewards system, particularly for those who spend regularly on travel, entertainment, and dining. Here’s how cardholders can earn rewards with their Deserve® Pro Mastercard:

  • Travel and Entertainment: Cardholders earn a generous 3% cash back on purchases categorized under travel and entertainment. This encompasses a wide range of expenses from airline tickets and hotel bookings to movie tickets and theme parks.
  • Dining: Enjoying a meal out is more rewarding with 2% cash back at restaurants. This benefit is perfect for food enthusiasts who love dining out or ordering in.
  • General Purchases: For all other purchases that don’t fall under the specific categories, users earn 1% cash back. While this rate is standard across many cards, it still ensures that all spending contributes to the rewards pot.

The rewards are applied to the first $500 in combined spending per billing cycle on purchases that earn 3% and 2%, after which the cashback rate drops to 1%. It’s important for consumers to be aware of this cap to maximize their rewards. Additionally, there is no limit to the number of rewards a cardholder can earn at the 1% rate.

The Deserve® Pro Mastercard rewards program is intentionally straightforward, with no complex points systems or rotating categories to track. The simplicity of the cash-back program makes it easy for cardholders to understand and reap the benefits without having to engage in strategic spending.

It’s worth mentioning that unlike some other credit cards, rewards with the Deserve® Pro Mastercard do not expire as long as the account remains open and in good standing. This provides peace of mind and flexibility to cardholders who may not be frequent spenders but still wish to accumulate and use their cash back over time.

The card’s emphasis on entertainment and travel makes it particularly well-suited for those who spend heavily in these areas, ensuring that cardholders earn substantial rewards for their lifestyle choices.

Redeeming Rewards

The rewards redemption process for the Deserve® Pro Mastercard is as uncomplicated as its earning structure. Managed through a seamless and user-friendly interface, here’s what cardholders need to know about turning their cash back into tangible benefits:

  • Automatic Redemption: Rewards are automatically redeemed. When a cardholder earns $25 in cash back, it is automatically applied as a statement credit to their account. This means cardholders don’t need to keep track of their rewards or take additional steps to use them.
  • No Minimum Threshold: Unlike other cards that may require a minimum amount of cash back to redeem, the Deserve® Pro Mastercard allows redemption as soon as $25 in cash back is accrued. This feature offers the convenience of frequent, automatic redemptions without the need to wait for a higher balance.
  • Straightforward Statement Credit: Redemptions with the Deserve® Pro Mastercard come in the form of statement credits, which directly reduce the cardholder’s balance. This method simplifies the redemption process as there’s no need to deal with gift cards or merchandise catalogues, making it a straightforward way to save on future purchases.
  • No Reward Expiration: As long as the account remains open and in good standing, there is no expiry date for the rewards a user earns. Cardholders can rest assured that their cash back will be waiting for them whenever they reach the automatic redemption threshold.
  • Streamlined User Experience: Managing and redeeming rewards is done through the Deserve® Pro Mastercard online platform, which provides a quick and easy way to view and track cash back earnings and redemptions.

One key point to remember is that the cardholder does not have the option to redeem rewards for cash or direct deposit. All redemptions are made as a statement credit, which is an aspect to consider when evaluating the card’s benefits based on individual preferences.

This structured and hands-off approach to rewards redemption suits cardholders who prefer a no-hassle experience, ensuring that their cash back is effortlessly put to use reducing their credit card balance.

Perks and Benefits

The Deserve® Pro Mastercard is more than just a tool for earning rewards; it extends a suite of perks and benefits tailored to enhance the cardholder’s experience. Here are some of the notable features that come with owning a Deserve® Pro Mastercard:

1. No Annual Fee:

  • Enjoy the full range of benefits without any annual fee, adding value for those who are mindful of additional card costs.

2. No Foreign Transaction Fees:

  • Make international purchases without the burden of extra charges, a boon for travelers.

3. Cell Phone Protection:

  • Provides added security with cell phone protection when you pay your monthly bill with your Deserve® Pro Mastercard.

4. Mastercard World Benefits:

  • Access an array of extended warranties, price protection, and identity theft protection.

5. Priority Pass Select Membership:

  • Enjoy the comfort of airport lounges with a complimentary Priority Pass Select membership, elevating your travel experience with access to over 1,200 lounges worldwide.

6. Easy Application Process:

  • There is no requirement for a Social Security number for international students to apply, making it accessible to a broader audience.

7. Digital First Card:

  • Instantly add your card to Apple Pay for a seamless and secure payment experience.

8. Lemonade Insurance Offer:

  • Special discounts on Lemonade insurance products, ranging from renters to pet insurance.

9. Credit Building:

  • With on-time payments, Deserve reports to credit bureaus to help build a positive credit history over time.

10. Access to Deserve Offers:

  • Exclusive offers and discounts from partners such as Amazon Web Services and T-Mobile.

The Deserve® Pro Mastercard holds significant appeal for consumers who value a comprehensive package that goes beyond standard rewards. Whether through added security features like cellphone protection or travel-related advantages like no foreign transaction fees and lounge access, the cardholders are poised to gain numerous benefits that cater to a variety of needs and preferences.

Moreover, the simplicity in the application process and the fintech backing of Deserve® makes this card particularly appealing for students and professionals alike, especially those with an international background who might struggle to receive credit approval from other companies.

Pros and Cons

The Deserve® Pro Mastercard comes with its own set of advantages and potential disadvantages that must be weighed when considering this credit card. Here are the pros and cons:

Pros:

  • Generous Cash Back Rates: Earn 3% on travel and entertainment and 2% at restaurants on the first $500 of combined spending each billing cycle.
  • No Annual Fee: This card comes without the burden of an annual fee, adding to the savings cardholders can enjoy.
  • No Foreign Transaction Fees: Ideal for international travelers, there are no additional fees on purchases made abroad.
  • Credit Building: Reports to credit bureaus to aid in building a positive credit history.
  • Cell Phone Protection: Provides an added layer of security for your mobile device when you pay your monthly bill with the card.
  • Priority Pass Membership: Complimentary airport lounge access through Priority Pass Select is a significant benefit for frequent travelers.
  • Smart Application Process: Does not require a Social Security number for international students or professionals, simplifying the application process.
  • Mastercard World Benefits: Includes extended warranty and identity theft protection among other Mastercard perks.

Cons:

  • Spending Cap on Higher Rewards: The cash back rate drops to 1% after reaching the $500 spending cap on the 3% and 2% categories each billing cycle.
  • No Welcome Bonus: Absence of a sign-up bonus, which may be less attractive to those who seek immediate rewards upon signing up for a credit card.
  • Lower Credit Limits: Some users report lower credit limits, which may not suit those who require higher spending power.
  • Rewards Redemption Limit: Rewards can only be redeemed as a statement credit, potentially limiting for those who prefer cash or direct deposits.

The Deserve® Pro Mastercard can be particularly attractive for individuals who are new to credit or for those focused on building their credit history. The card’s simple rewards structure and additional benefits like no foreign transaction fees and cell phone protection make it a compelling option for the right user. However, those seeking a card with a welcome bonus or higher spending limits might consider looking at alternative credit card options.

Comparison to Other Cards

When considering any credit card, assessing how it stands up against other options is essential. Here’s how the Deserve® Pro Mastercard compares to other credit cards in its category:

Rewards Structure:

  • The Deserve® Pro Mastercard’s 3% cash back on travel and entertainment, and 2% at restaurants on the first $500 in combined spending each billing cycle, and 1% on all other purchases is competitive. It’s particularly advantageous for those who spend predominantly in these categories.

Welcome Bonuses:

  • Unlike many credit cards targeting the same consumer base, the Deserve® Pro Mastercard does not offer a welcome bonus, which may be a setback for those looking for an initial spending boost.

Annual Fee:

  • The $0 annual fee is a standout feature when compared to similar rewards cards, which often charge an annual fee to compensate for the rewards and benefits they offer.

Foreign Transaction Fees:

  • The absence of foreign transaction fees is a significant advantage over other cards that might charge around 3% for international purchases, making the Deserve® Pro Mastercard a preferred option for travelers.

Credit Building:

  • Deserve® Pro differs from traditional secured credit cards that are designed for building credit as it does not require a security deposit, making it accessible to a broader audience, including those with no credit or a thin file.

Accessibility:

  • The application process for Deserve® Pro is friendly for international consumers, such as students, setting it apart from many other cards which often require a Social Security number for approval.

Additional Perks:

  • The Deserve® Pro Mastercard includes benefits like cell phone protection and complimentary Priority Pass Select membership, outranking competitors that don’t provide these additional perks.

Credit Limit:

  • Some users may find the credit limits offered by Deserve® Pro to be on the lower end compared to other cards, which could be a concern for those who prefer higher spending power.

When stacked against others, the Deserve® Pro Mastercard holds its own, particularly for those without a long credit history or who are working on building or improving their credit. Its no-fee structure and rewards on common spending categories make it a commendable choice. However, those looking for a card with a generous welcome bonus or higher rewards in different spending categories might explore additional options.

Conclusion

The Deserve® Pro Mastercard is a compelling option for those who prioritize a straightforward rewards structure with added perks but don’t necessarily need a sign-up bonus to entice them. With no annual fee, no foreign transaction fees, and competitive cash-back rates, it’s well-suited for international travelers, diners, and entertainers. Its approachability for those with limited credit histories or international backgrounds makes it a considerate choice for new professionals and students. Although it may not meet the needs of every cardholder, especially those seeking higher credit limits or more expansive rewards redemption options, the Deserve® Pro Mastercard holds strong appeal for its target audience.

Frequently Asked Questions

Can credit cards help build your credit score? Credit cards can significantly help build your credit score when used responsibly. Timely payments and keeping balances low relative to credit limits can contribute positively to your credit history.

What should consumers look for in a travel rewards credit card? Consumers should look for cards that offer high rewards rates on travel-related purchases, no foreign transaction fees, travel insurance benefits, and flexibility in how rewards can be redeemed.

Is a $0 annual fee credit card a good choice? A $0 annual fee credit card can be a good choice, as it allows you to enjoy the benefits of a credit card without an annual cost. It’s particularly beneficial for those who pay off their balances in full each month to avoid interest charges.

How important are welcome bonuses on credit cards? Welcome bonuses can be significant for those who want to earn a substantial amount of rewards quickly. However, they should be weighed against other card features such as the rewards rate, annual fee, and the card’s long-term value.

What are foreign transaction fees and why should I avoid them? Foreign transaction fees are extra charges, usually around 1-3% of the transaction amount, that some credit cards impose on purchases made in a foreign currency. These fees can add up, so a card without them can save travelers a significant amount of money.

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