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Deserve is offering a $30 cash bonus to new cardmembers. They also have a Give $30, Get $30 referral program for more ways to earn $30 cash bonuses. More referral bonuses here.
Deserve, once known as SelfScore, focuses on those who might not meet traditional lending requirements, providing credit cards for students and employed individuals who don’t have a Social Security number, credit history or both. Instead, the company relies on a proprietary algorithm and various financial documents to measure creditworthiness. Let’s take a closer look at Deserve and their current offers below.
Bonus offer >> Get $200 cash for a new checking account with Chase…
Deserve Credit Card $30 Sign-Up Bonus
Get a $30 statement credit bonus when you sign up for a Deserve credit card with a current member’s referral link, get approved, activate your account and use your Deserve card. You must be a new Deserve cardmember to qualify.
*We don’t currently have a personal referral link to provide, but you can try one of the following:
Current members are welcome to leave referral details in the comments section below.
Deserve Give $30, Get $30 Referrals
Deserve has a Give $30, Get $30 referral program. Both you and your referral will earn a $30 statement credit bonus when your friend applies for a Deserve credit card using your unique referral link, gets approved, activates their Deserve card and uses it.
When you sign up 10 people, you’ll earn a $200 statement credit bonus on top of the $300 you already earned. That’s a total of $500 for signing up 10 people.
To participate, find your referral options within your online Deserve account.
Deserve Credit Card Features
Deserve offers two different credit cards: the Deserve EDU Mastercard for Students and the Deserve Pro Mastercard. Both do not require a security deposit, and they don’t charge any annual or foreign transaction fees. They also come with cellphone protection up to $600, collision damage waiver and Mastercard World benefits. Here’s how the two cards are different:
|DESERVE EDU||DESERVE PRO|
|SSN not required |
for international students
|SSN not required|
|Up to $5,000 credit limit||Up to $10,000 credit limit|
|1% cash back|
on all purchases
|3% cash back on travel |
2% back on restaurants
1% back on all other purchases
|Amazon Prime Student membership |
reimbursement after your first card purchase
|Priority Pass membership|
for one year
Deserve cardmembers also benefit with:
- $100 off your first month when you sign up for a Feather subscription with your Deserve card and use the promo code DESERVE100.
- $10 Lemonade statement credit when you pay for 3 consecutive monthly insurance statements with your Deserve card.
- $45 Mint statement credit when you use your Deserve card to sign up and pay for any mobile wireless plan. Offer ends November 23, 2020.
Deserve Credit Card Requirements
For applicants with established credit and decent credit scores, the application process works much like it does for traditional cards, taking into account FICO scores.
For applicants with little or no credit, Deserve uses a proprietary algorithm to determine creditworthiness and ability to pay. It takes into account your credit potential, evaluating your school, major, student visa, passport ID and likelihood to graduate and secure a job. The process is similar for employed individuals, except Deserve verifies employment instead.
The company will also consider your U.S. bank account balances and whether your contact information (address, email and phone number) has changed over the years. Deserve does not allow co-signers, so all applicants must prove their independent ability to pay.
If you don’t meet the traditional requirements for a credit card, consider applying for one with Deserve. Use a referral link and get a $30 statement credit bonus for charging your first purchase to your new Deserve card.
Looking to build your credit? Check out our 6 Surefire Ways to Improve Your Credit Score.
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