Reviews

Upgrade Cash Rewards Visa® full review: should you get it?

Wondering if the Upgrade Cash Rewards Visa® is right for you? Read our in-depth review to see what this card has to offer. With a high cash back value and interesting perks, the Upgrade Cash Rewards Card could be the perfect addition to your wallet!

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Upgrade Cash Rewards Visa®: credit and loan service in the same product

Upgrade Cash Rewards Visa®
This is our Upgrade Cash Rewards Visa® review! Source: Foster the Money.

Personal loan and credit card in the same product. All this with a very interesting cash back value. Indeed, these are some of the facilities offered by the Upgrade Cash Rewards Visa®. Understand how this credit card can “upgrade” your financial life.

For a general summary of the benefits of this credit card, take a look at the table below.

Upgrade Cash Rewards Visa®

Upgrade Cash Rewards Visa®: check out how to apply!

The Upgrade Cash Rewards Visa® is a cash-back credit card that offers 1.5% back on all purchases and up to $25,000 to borrow: learn how to apply!

Credit ScoreFair to Good  (580 – 740)
Annual Fee$0
Regular APR14.99% to 29.99% variable APR
Welcome bonus$200 bonus after opening a Rewards Checking Plus account and making 3 debit card transactions*
Rewards1.5% unlimited cash back on payments

Upgrade Cash Rewards Visa®: learn more about this financial product

It is a hybrid type card. With it, you can make purchases and pay the total amount in fixed installments from 12 to 60 times. In addition, you will be able to apply for loans and receive the amount directly into your account.

According to your credit score, you can have access to an APR between 14.99% and 29.99%. Similarly, your score will also define what amount you can borrow. In fact, this amount can range from $500 to $25,000.

Another big attraction of the Upgrade Cash Rewards is, without a doubt, the cash back program. In it, you receive 1.5% for purchases paid on time. The amount is returned to you as a credit that will be deducted from the next invoice.

When confirming your card request, you can check, in advance, the percentage of the APR. This feature will give you the option to know in advance how beneficial the Upgrade Cash Rewards Visa® will be to you.

Upgrade Cash Rewards Visa® features

Upgrade Cash Rewards Visa®
1.5% cash back and more. Discover all the benefits of card. Source: Upgrade.

Here are the main pros and cons of this product:

What are the benefits? 

  • $200 bonus after opening a Rewards Checking Plus account and making 3 debit card transactions*
  • Unlimited cash back on payments: 3% on Home, Auto, and Health categories and 1% on everything else after you make payments on your purchases
  • No annual fee
  • Combine the flexibility of a credit card with the predictability of a personal loan
  • No touch payments with contactless technology built-in
  • See if you qualify in minutes without hurting your credit score
  • Great for large purchases with predictable payments you can budget for
  • Mobile app to access your account anytime, anywhere
  • Enjoy peace of mind with $0 Fraud Liability

And what are the drawbacks?

  • No bonus offer
  • Not available in all areas of the USA (not available in DC, IA, WV, WI)

What credit score do you need to get the Upgrade Cash Rewards Visa®?

The Upgrade Cash Rewards does not set many barriers for anyone interested in this product. In fact, it is possible to obtain it with a fair or good score (greater than 580).

However, the lower your score, the lower the benefits (APR and limit amounts).

How does the Upgrade Cash Rewards Visa® application process work?

You can apply for your Upgrade Cash Rewards Visa® online without leaving your home. In addition, you don’t have to wait for the physical card to arrive at your house to start using it.

Click here to learn about the process of applying for your new credit card with a personal loan:

Upgrade Cash Rewards Visa®

Upgrade Cash Rewards Visa®: check out how to apply!

The Upgrade Cash Rewards Visa® is a cash-back credit card that offers 1.5% back on all purchases and up to $25,000 to borrow: learn how to apply!

Disclaimer: *To qualify for the welcome bonus, you must open and fund a new Rewards Checking Plus account through Upgrade and make 3 qualifying debit card transactions from your Rewards Checking Plus account within 60 days of the date the Rewards Checking Plus account is opened. If you have previously opened a checking account through Upgrade or do not open a Rewards Checking Plus account as part of this application process, you are not eligible for this welcome bonus offer.

Your Upgrade Card and Rewards Checking Plus account must be open and in good standing to receive a bonus. To qualify, debit card transactions must have settled and exclude ATM transactions. Please refer to the applicable Upgrade VISA® Debit Card Agreement and Disclosures for more information. Welcome bonus offers cannot be combined, substituted, or applied retroactively. The bonus will be applied to your Rewards Checking Plus account as a one-time payout credit within 60 days after meeting the conditions.

About the author  /  José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

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