Where can I use my Upgrade Cash Rewards Visa®?

The Upgrade Cash Rewards Visa®, so it can be used anywhere Visa is accepted--which is just about everywhere. However, the limitation is that it cannot be used at ATM machines.

How can I use my Upgrade Cash Rewards Visa®?

In addition to the Visa card capability, you can also take draws against your credit line and have the funds sent directly to your bank. You can then use those funds for any purpose, much like a cash advance on a traditional credit card. But there are no fees associated with an Upgrade Cash Rewards Visa® draw against your credit line, nor will a higher interest rate apply.

How do Upgrade Cash Rewards Visa® draws and monthly repayments work?

Your monthly payment is based on the amounts drawn and the terms selected for your draws through the end of each month. The minimum monthly payment will be $5 or the full amount of the draw if it’s less. Once again, repayment terms will range between 24 and 60 months, depending on the length you have chosen for your draws. The draws will be calculated monthly but will be reflected on your monthly statements to include all prior activity. A draw is considered to have occurred any time you have funds from your credit line transferred to your bank, or you use your Visa card to pay online or at a retail location.

How do balance transfers work with the Upgrade Cash Rewards Visa®?

Unlike other cards that allow you to directly transfer existing debt to your new card, balance transfers work differently with the Upgrade Cash Rewards Visa®. You can make a draw from your account and have the funds sent directly to your bank account, then pay off another credit card balance from your bank account. The process does involve an extra step, but it will serve the same purpose. It gives you complete control of the balance transfer process. With the traditional balance transfer method, you often need to wait days or weeks before balance transfers are completed. Since you’ll be handling it yourself, it can be done in a matter of hours or even minutes with the Upgrade Cash Rewards Visa®.

What happens if my credit score changes after I’ve been approved for the Upgrade Cash Rewards Visa®?

Your APR, credit line amount, and repayment term will depend on maintaining your initial credit score. If your credit score, credit usage history, and requested line amount change after approval, your APR, credit line amount and repayment term may be adjusted, higher or lower. However, this practice is typical with credit cards. They periodically check your credit score and can adjust your credit line, APR, and monthly payment if your score changes significantly.

Upgrade Cash Rewards Visa®

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.

Our Rating

4.5/5.0

Welcome Offer

$200

Annual Fee

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

Security	EMV Chip Enabled, Zero Liability
Contactless Payments	Tap to Pay, Apple Pay, Google Pay
Benefits
Travel Perks	None

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 Fee	Up to 3%
Regular APR	14.99% 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 Status	Date	Credit Score	Bureau	Credit Limit
Approved	07/22/2023	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?

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Citi^® Double Cash Card - 18 month BT offer

Rating

4.9

Rewards Range

1% to 2%

Annual Fee

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Blue Cash Everyday® Card from American Express

Rating

4.4

Rewards Range

1%-3%

Annual Fee

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Capital One Quicksilver Cash Rewards Credit Card

Rating

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Rewards Range

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Annual Fee

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9 Best Credit Cards for a 600 Credit Score (With Approval Odds)

Upgrade Cash Rewards Visa®

Welcome Offer

Features & Benefits

Rewards

Interest Rates & Fees

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

Pros & Cons

What Are the Best Alternatives?

Citi® Double Cash Card - 18 month BT offer

Blue Cash Everyday® Card from American Express

Capital One Quicksilver Cash Rewards Credit Card

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Citi^® Double Cash Card - 18 month BT offer