Comparison

Upgrade Triple Cash Rewards Card or Upgrade Cash Rewards Card: discover your best fit

We've compared two cards from the Upgrade credit card family to help you decide which one is best for you: the Upgrade Triple Cash Rewards and the Upgrade Cash Rewards. Learn how their cash back program can benefit you, and choose your favorite!

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Upgrade Triple Cash Rewards Card or Upgrade Cash Rewards Card: compare these two financial options

woman choose one credit card from many, concept of credit card
Upgrade Triple Cash Rewards Card or Upgrade Cash Rewards Card: Which is best for you? Source: Adobe Stock.

In fact, we decided to compare two cards from the same “family”: Upgrade Triple Cash Rewards Card or Upgrade Cash Rewards Card? Which one offers a better solution for your customers?

Thus, some people predict that the Upgrade Triple Cash Rewards Card will be the best option. However, when it comes to credit cards, the most obvious answer is not always the correct one.

It is necessary to evaluate not only the advantages that each card offers, but the fees and conditions they create to access them. In this way, we will be drawing each card fairly and deeply.

So, that’s exactly what we’re going to do in this article. Before making a decision, take a look at the individual analysis of each of the cards.

Now, we start our comparison with a summary table of the main characteristics of each card. So, pay close attention to the details to draw your first conclusions:

Upgrade Triple Cash RewardsUpgrade Cash Rewards
Sign-up bonusNoneNone
Annual fee$0$0
RewardsCash back unlimited: 3% in the categories health, auto and home; 1% in all others1.5% unlimited cash back on all your purchases
Other perksAccess the benefits of the Visa Signature program;
Credit lines available
Access the benefits of the Visa Signature program;
Credit lines available
APRFrom 8.99% to 29.99%From 8.99% to 29.99%
Upgrade Triple Cash Rewards credit card

Upgrade Triple Cash Rewards Card: check out how to apply!

Learn how to request your Upgrade Triple Cash Rewards Card with 3% on your main purchases and an excellent line of credit.

Upgrade Cash Rewards credit card

Upgrade Cash Rewards Card: check out how to apply!

The Upgrade Cash Rewards is a cash-back credit card that offers credit lines and 1.5% back on all purchases: learn how to apply!

Upgrade Triple Cash Rewards

Upgrade Triple Cash Rewards credit card
3% cashback: discover the advantages and disadvantages of the Upgrade Triple Cash Rewards. Source: Upgrade

So far, the differences between the cards studied are only in the rewards program. While Upgrade Cash Rewards treats all purchases of equal value, Upgrade Triple Cash Rewards prioritizes a certain category.

Since all other categories in the table are equal, the rewards program becomes a weighted criterion. Therefore, depending on your consumer profile, the Upgrade Triple Cash Rewards may not be the best option.

However, it is still too early to end our analysis. So, check out the following topic with more resources:

Main advantages

  • Cash back program: unlimited 3% in the categories home, automobiles and health; and unlimited 1% in the others;
  • No annual fee, cash advance fees, prepayment penalties or foreign transaction fees;
  • Convert balances into fixed monthly payments;
  • Make payments by card approximation;
  • Make sure that you are able to own this card without hurting your credit score;
  • Credit limit between $500 and $50,000;
  • Know the value of your card’s APR even before formalizing the order;
  • It has a system that exempts customers from liability in the event of fraud;
  • Track all your card information on your cell phone;
  • People with average scores may be applying for this card.

Main disadvantages

  • Your APR may be above the market average;
  • It does not allow balance transfer;
  • Cannot be used in ATMs;
  • There is no grace period. After the payday, interest begins to be charged;
  • It does not allow you to use your rewards as you wish.

Upgrade Cash Rewards Card

Upgrade Cash Rewards credit card
1.5% cashback on all your purchases: discover the advantages and disadvantages of the Upgrade Cash Rewards. Source: Upgrade

Now, let’s find out what are the pros and cons of the Upgrade Cash Rewards credit card.

That way, you can compare the two options and make the best decision for your financial needs and goals. See below:

Main advantages

  • 1.5% unlimited cash back on all your payments;
  • Contactless payment;
  • No fees;
  • You find out the APR before finalizing the application;
  • You can choose to pay your balance with fixed rates and equal monthly amounts;
  • Use the Upgrade app to manage your finances on your mobile phone;
  • You can check your credit line without hurting your credit score;
  • Have access to credit lines from $500 to $50,000;
  • Apply even with an average score;
  • You’ll not be liable for unauthorized purchases in the event of fraud.

Main disadvantages

  • You cannot use the card at ATMs;
  • Your APR will vary based on your credit score;
  • You’ll be charged interest after the payday – there is no grace period.
  • It does not allow you to redeem your cash back as you wish;
  • Balance transfers are not allowed.

Upgrade Triple Cash Rewards Card or Upgrade Cash Rewards Card: did you find the right option for you?

As you can see, the advantages and disadvantages are basically the same. Most of these conditions are also maintained for the other cards in the Upgrade family. So again, what will guide your choice is how profitable each cashback program is for you.

Therefore, we recommend that you do some simple math before deciding. First, analyze your monthly expenses for the last three months. Add them separately and multiply that value by 0.015.

The result is the amount of rewards you would have earned each month if you had paid for them with the Upgrade Cash Rewards Card.

Now, go back to the same values ​​and try to separate them by categories as in the Upgrade Triple Cash Rewards Card cashback program.

Multiply the category values ​​by 0.03. Multiply values ​​that are not in any of the categories and multiply by 0.01. Add these last two values.

This is the amount of rewards you would have earned if you had used the Upgrade Triple Cash Rewards card in the last three months. Now, just buy the simulation results and decide which one is best for you right now.

Do you feel like you need to do more research before deciding? All good! If you want, you can start by analyzing another option that has already been presented here, on this blog. Click on the link below and check it out:

Citi logo

Citi® Double Cash Card: check out how to apply!

Looking for a great cash back credit card? Check out the Citi® Double Cash Card. You'll get 2% cash back on every purchase, plus anti-fraud protection and 0% APR in the first 18 months of use.

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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