Deserve Digital First Card

One of the quickest ways to get access to credit is through Deserve Digital First Card.

Deserve comes yet again with a great and interesting credit card for many people. This is one of the fastest growing fintechs in America for a reason, its services are top quality and products are innovative. Such is the case with Deserve Digital First Card, an option that gives you instant access to credit. 

But we have a warning before we start: this isn’t your conventional credit card, but actually a mobile card. What does that mean? You’ll see soon enough as we dive deep into Deserve Digital First’s main benefits and details. 

The financial company promises the smartest credit card experience you could have through this product. Does this mean it’s the right card for you? That depends a lot on your objectives and credit score. Keep reading to understand exactly how it works, application process, benefits, fees and interest rates for this card. 

How does Deserve Digital First Card work?

This is a different type of credit card than what you are used to. Deserve Digital First Card is a mobile card that gets issued as soon as you’re approved. You can start buying and spending right away just using your credit card’s app!

Many people wonder if it’s a good idea to have a credit card that’s completely digital. Well, everything is done through a fail proof platform for payments and transactions. It uses the best identity verification to make sure no one but the owner actually gets a chance to use the card. Meanwhile, the app also allows for fast and seamless purchases with all the safety you require.

To make that a reality, Deserve uses some API-based technology that combines geolocation and metadata to check who is making a purchase. You also get access to exclusive rewards programs for all of your purchases. 

Are you worried about using your Deserve Digital First Card in the offline world? Don’t be, as soon as you apply you can integrate it to ApplePay. This means you can make payments anywhere using only your smartphone. 

Deserve Digital First Card main benefits

Deserve Digital First Card is one of the first cards on the market created with digital customers in mind. Find out what else you can expect from this great offer: 

• Quick approval (sign up and start buying); 
• Up to 1,5% cashback and rewards;
• Unlimited rewards; 
• $0 foreign transaction fee;
• Cellphone insurance for damage and theft; 
• Access to Mastercard World benefits. 

Let’s talk a bit more about the last topic: Mastercard World. Despite being a digital card, this is still a Mastercard related product. So you’ll have access to a zero liability clause in case of fraud as well as identity theft protection. 

If you’re a fan of traveling, there’s also benefits from Mastercard Travel & Lifestyle Services. This earns you benefits for luxury hotels, best price guarantees and others. Are you staying in a 3 or higher star hotel that wasn’t up to your expectations? There’s even a guarantee for that as long as you book your stay with Deserve Digital First Card. 

Credit card rewards and cashback

Did you notice that Deserve Digital First Card has a cashback program? That’s right, you can earn up to 1,5% as reward in all purchases as long as you buy more than $1.000 in a billing period. Otherwise, you’ll earn 1% cashback by spending up to $500 and 1,5% afterwards. 

You’ll be able to get your rewards in the form of a statement credit available as soon as you get at least $25 in rewards. If you compare this choice with other reward focused credit cards, you’ll see that there aren’t many with unlimited benefits with so few fees. 

APRs and fees for Deserve Digital First Card

Any card has interest rates and fees, even a digital one. Check out the main ones that apply for Deserve Digital First Card: 

• 18,99% variable APR;
• No annual fee; 
• No foreign transaction fee. 

This shouldn’t be a bad credit card even if you choose to hold a balance. The variable interest rate of 18,99% is below the average for this kind of card. 

Who should get this credit card?

Are you a fan of practical financial services and rewards? Then this credit card is perfect for you. It was created with a younger, more connected generation in mind, making it the best choice for people who look for easy to use cards. 

Deserve Digital First Card has another perk that we didn’t mention yet: it’s available for almost anyone. Unlike other credit card issuers, Deserve doesn’t use only the credit score to make sure you’re eligible for its cards. 

It also analyses your earning potential, making it possible for people with poor scores to hold cards with plenty of rewards. After applying, you’ll be able to start using the credit card in less than five minutes. The credit card statement you can access on the app updates automatically so you can keep track of transactions easily. 

However, we don’t recommend this credit card to anyone who isn’t used to mobile credit cards. While the interface is very user-friendly, it might give a hard time to first timers. If you don’t think you can survive without a plastic card, then this isn’t for you. 

Is Deserve Digital First Card a great choice for those with good credit scores?

Not really, since Deserve Digital First Card only has its cashback program as a benefit. Many credit cards for higher scores give intro-APR offers, sometimes even allowing for 0% interest rates on balance transfers. If you have higher credit scores, then do some research beforehand to see if it’s actually the best you can get. 

Now that we cleared out most doubts about this credit card, we can get to our final talking point. You can begin through Deserve’s own website or their official app. The pre-approval process allows you to see if you’re eligible through a soft check on your credit score, it won’t harm your numbers at all. 

As long as you’re pre-approved you can go forward with the application. Now Deserve will make a hard check on your score, that could cause a temporary fall. But don’t worry, you’ll recover it soon enough through proper payments.