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You are here: Home / Credit Cards / Upgrade Cash Rewards Visa®

Upgrade Cash Rewards Visa®

April 27, 2023 by Rob Berger

The Upgrade Cash Rewards Visa® combines the flexibility of a credit card with the fixed rates of a personal loan. How it works is you either make purchases or transfer money into your linked bank account, and Upgrade totals up all your transactions and considers them an installment loan. You can qualify for terms of 24, 36, or 60 month terms and you can be approved for an amount between $500 and $25,000. You pay the same fixed amount until the loan is paid off. Once you pay that, you’ll get 1.5% cash back, which will then be applied to your balance. It doesn’t act like a credit card, in that once you pay down your balance, your credit line does not replenish. It’s more like a personal line of credit. Because it’s a Visa Signature card, you do get some nice Visa Signature benefits. We dive into the details and your approval odds in this Upgrade Visa review.

Upgrade Cash Rewards Visa®
Learn More
Our Rating
4.5/5.0
Welcome Offer
$200
Annual Fee
$0
0% on Purchases
None
Rewards Rate
1.5%
0% on Balance Transfers
None

Welcome Offer

$200 bonus when you open a Rewards Checking account and make 3 debit card transactions. To qualify for the welcome bonus, you must open and fund a new Rewards Checking account and make 3 qualifying debit card transactions from your Rewards Checking account within 60 days of the date the Upgrade Card account is opened. 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. Your Upgrade Card and Rewards Checking account must be open and in good standing to receive a bonus. If you have previously opened a Rewards Checking account or do not open one as part of this application process, you are not eligible for this welcome bonus offer. Welcome bonus offers cannot be combined, substituted, or applied retroactively. The bonus will be applied to your Rewards Checking account as a one-time payout credit within 60 days after the 3rd qualifying card purchase.

Features & Benefits

SecurityEMV Chip Enabled, Zero Liability
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
Benefits
Travel PerksAccess to Special Events and Concerts, Concierge Services, Emergency Travel Assistance, Roadside Assistance

Rewards

1.5% cash back
All eligible purchases
Get 1.5% cash back on purchases when you pay your bill

Interest Rates & Fees

Annual Fee$0
Foreign Transaction FeeUp to 3%
Regular APR14.99% to 29.99% (V) APR

What Credit Score Is Required to Get the Upgrade Cash Rewards Visa®

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved03/22/2021
645
Equifax
$15,000
Approved03/22/2021
666
TransUnion
$15,000
Approved09/07/2020
687
TransUnion
$10,000
Approved09/07/2020
692
Experian
$10,000
Approved09/07/2020
695
Equifax
$10,000
Approved03/22/2021
713
Experian
$15,000
Approved07/16/2022
755
TransUnion
$25,000
Approved04/01/2021
804
Not Provided
$5,000
Pros
  • Welcome offer
  • No annual fee
Cons
  • Foreign transaction fee
  • Interest can be high depending on credit

What Are the Best Alternatives?

Citi<sup>®</sup> Double Cash Card - 18 month BT offer
Citi® Double Cash Card - 18 month BT offer

Rating

4.9

Rewards Range

1% to 2%

Annual Fee

$0

Read Review
Blue Cash Everyday® Card from American Express
Blue Cash Everyday® Card from American Express

Rating

4.4

Rewards Range

1%-3%

Annual Fee

$0

Read Review
Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards Credit Card

Rating

4.5

Rewards Range

1.5%

Annual Fee

$0

Read Review

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About Rob Berger

Rob Berger is the founder of allCards.com. He's written about personal finance and investing since 2007 and is the author of the highly acclaimed book, Retire Before Mom and Dad. He is a former litigation attorney in the securities field and the Founding Editor of Forbes Advisor.

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