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.
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.