Upgrade Cash Rewards Visa®

The Upgrade Cash Rewards Visa® combines the flexibility of a credit card with the fixed rates of a personal loan. 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. For example, if you qualify for a $5,000 loan with a 19.99% interest rate, you will have a monthly payment of $187.90. Once you pay that, you’ll get 1.5% cash back, which will 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

Our Rating

4.5/5.0

Welcome Offer

$200

Annual Fee

$0

0% on Purchases

N/A

Reward Rate

1.5%

0% on Balance Transfers

N/A

Welcome Offer

$200 bonus after opening a Rewards Checking Plus account and making 3 debit card transactions. 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.

Features & Benefits

SecurityEMV Chip Enabled, Zero Liability
Contactless PaymentsTap to Pay, Apple Pay, Google Pay
Benefits
Travel PerksNone

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 numerous factors in their underwriting process, and these factors can change at any time.

Lowest Approved Credit Score: 675

Average Approved Credit Score: 675

App StatusDateCredit ScoreBureauCredit Limit
Approved07/22/2023
675
TransUnion
$50,000

Pros & Cons

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
Citi® Double Cash Card

Rating

4.9

Rewards Range

1% to 2%

Annual Fee

$0

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

Rating

4.4

Rewards Range

1%-3%

Annual Fee

$0

Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards Credit Card

Rating

4.5

Rewards Range

1.5%

Annual Fee

$0

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