Comparison

Upgrade card or Upgrade Bitcoin Rewards card: discover your best fit

Upgrade card or Upgrade Bitcoin Rewards card? Understand what's different about these cards and which one is the best option for you.

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Upgrade card or Upgrade Bitcoin Rewards card: compare these two financial options

Upgrade logo
Choose the best Upgrade card for you! Source: Upgrade

For a long time, there was no doubt between choosing an Upgrade card or an Upgrade Bitcoin Rewards card.

After all, the Upgrade Bitcoin Rewards card can give you rewards in the form of Bitcoin cryptocurrencies.

In fact, this virtual money has appreciated by 1,230.65% in the last five years. So it is obvious that you would like to have these coins for yourself, right? For most investors, this is not so!

We recently saw the price of bitcoins drop by almost 30% in 12 months. Therefore, today there are doubts as to whether this card is really the best option for you.

So, to help you choose the best option, we compared this card with another option also from Upgrade. So, you may have another credit product at your disposal with very similar benefits.

Read this article below and understand when to count on each of these cards. To get started, take a look at the comparative table below:

Upgrade Upgrade Bitcoin Rewards
Sign-up bonus$200 bonus if you make 3 deposits within the first 60 days after account opening$200 bonus if you make 3 deposits within the first 60 days after account opening
Annual fee$0$0
RewardsNoneGet 1.5% Unlimited Bitcoin Cashback on All Purchases
Other perksHave a credit limit of $500 to $25,000 to build your credit with a Visa card, accepted all over the worldYour bitcoins are stored in a secure virtual wallet, NYDIG, and the possibility of transforming your invoice into fixed monthly installments
APR8.99% to 29.99% (variable)8.99% to 29.99% (variable)
Upgrade Card

Upgrade Card: check out how to apply!

Learn how to have credit lines of up to $50,000 and stay free of fees as you build your credit. Learn how to request your Upgrade Card!

Upgrade Bitcoin Rewards credit card

Upgrade Bitcoin Rewards Card: check out how to apply!

Learn the step by step on how to apply for your Upgrade Bitcoin Rewards, the credit card that pays rewards in the form of bitcoins, the most valuable currency in the world!

Upgrade credit card

Upgrade Card
Learn more about this card! Source: Upgrade

In fact, the Upgrade card is the most basic of the three components of the Upgrade card family. Thus, this is the entry option for those who want, in the future, to have the rewards of the “brothers” of this card.

Below, take a look at the main advantages and disadvantages of having this card:

Main advantages

  • Have a line of credit between $500 and $50,000;
  • A Visa product accepted anywhere in the world;
  • You can transform your balance from 12 to 60 fixed monthly installments;
  • Know if you will be approved for this card without hurting your credit score;
  • You may qualify for this card even with an average score;
  • Issues a monthly report to the three largest credit agencies in the country;
  • In case of fraud, you will not be held responsible;

Main disadvantages

  • Does not offer rewards programs;
  • There is no grace period. If you delay the payment, you will suffer interest immediately;
  • Very long APR range, you can have low or extremely high APR;
  • There’s only one way to redeem your rewards: as a credit to pay your balance;
  • Does not allow you to make balance transfers;
  • Cannot be used at ATMs.

Upgrade Bitcoin Rewards credit card

Upgrade Bitcoin Rewards credit card
Upgrade Bitcoin Rewards credit card, 1.5% reward paid in a currency that has appreciated over 1,200% in the last 5 years. Source: Upgrade

As a family member, the Upgrade Bitcoin Rewards credit card has the same features as the Upgrade credit card. However, the Bitcoin Rewards Upgrade does have a rewards program.

In fact, this is the only basic difference of this card. However, to avoid confusion, we will repeat all the advantages of the Upgrade credit card with this addition:

Main advantages

  • Do not pay foreign annual fee and transfer fee when using this card;
  • Have a line of credit between $500 and $50,000;
  • A Visa product accepted anywhere in the world;
  • You can transform your balance from 12 to 60 fixed monthly installments;
  • Know if you will be approved for this card without hurting your credit score;
  • You may qualify for this card even with an average score;
  • Issues a monthly report to the three largest credit agencies in the country;
  • In case of fraud, you will not be held responsible;
  • Cash back program that pays in bitcoins, the currency that has appreciated the most in the last five years.

Main disadvantages

  • Very long APR range.
  • Cannot be used at ATMs.
  • You cannot transfer your Bitcoins to another wallet or make direct purchases with them;
  • Every time you redeem your rewards, you must pay a 1.5% fee on the redemption amount.

Upgrade card or Upgrade Bitcoin Rewards card: did you find the right option for you?

In fact, both aren’t exactly credit cards. They can be used like cards, but they bring the advantages of personal loan service. In this way, many classify it as a “hybrid card”.

However, what do you really want to know, and what is the best choice. Well, what can decide for you will be your credit score.

If you are eligible for both options, the Upgrade Bitcoin Rewards card is more interesting.

After all, it has all the benefits of the Upgrade credit card with the addition of a rewards program. If you are not eligible for the Bitcoin Rewards Upgrade, the Upgrade credit card is still an interesting option.

With it, you can have one of the best APRs on the market. In addition, this is a no-fee card and is great for planning your financial life.

One last piece of information we want to bring you is that bitcoin is considered a high-risk asset.

This means that it tends to vary greatly in value over time (up or down). Not interested in such assets? So, it is better to opt for another Upgrade card.

In fact, Upgrade with Cash Rewards has all the advantages of the version that rewards with Bitcoin. The difference is that your rewards dollars.

If you also want to know about this card, check out our post below. There, you will find a complete review of this other card option!

Upgrade Cash Rewards credit card

Upgrade Cash Rewards Card full review: should you get it?

With the Upgrade Cash Rewards Card, you don't have to worry about annual fee, and you can enjoy cash back on unlimited purchases. Learn more!

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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