Upgrade Visa® Card with Cash Rewards
Fees & APRs
Fees and APRs will vary, always be sure to check with the card issuer.
Dive into the geeky details and see how you reap the benefits.
- Earn 1.5% unlimited cash back on card purchases every time you make a payment
Read through our extensive research on the Upgrade Visa® Card with Cash Rewards and see if its the best credit card for you.
Upgrade Card BasicsThe Upgrade Visa® Card with Cash Rewards is not a traditional credit card. It is a personal line of credit with a limit of $500 to $50,000, depending on each applicant’s creditworthiness, that you can access with a VISA card. The biggest differences between the Upgrade Card and a traditional credit card are in terms of how billing and payments are handled.
With the Upgrade Card, each month’s balance is divided into equal monthly payment amounts, giving cardholders a clear sense of how long it will take to repay the balance as well as forcing them to do it faster and at less of a cost compared to a traditional credit card’s minimum monthly payments. Repayment periods for Upgrade cardholders range from 24 months to 60 months, depending on creditworthiness, the amount of the balance and other factors.
To help you make up your mind about whether or not it’s wise to apply for the Upgrade Card, we’ll highlight some of its biggest pros and cons below.
Upgrade Card Review Highlights
Credit limit of $500 - $50,000Nearly all Upgrade Card applicants who are approved for an account will receive a credit limit below $20,000, and most will get a limit much lower than that. The amount you’re approved to borrow depends on your credit history, income and existing debt. And to even have a chance at a limit as high as $50,000 requires enrollment in autopay.
$0 annual feeThe Upgrade Card’s $0 annual fee saves cardholders about $18.3 per year compared to the average credit card offer. Not having to pay an annual fee is ideal for building credit, too.
APR of 8.99% to 29.99%The Upgrade Card’s interest rate depends on your overall creditworthiness. For comparison, the average APR among credit cards for people with fair credit is about 23.13%, according to WalletHub’s research, and the average for excellent credit is roughly 13.04%.
Rewards when you pay the billThe Upgrade Card gives 1.5% cash back of each bill payment back to you in cash back rewards. That’s pretty much the same thing as 1.5% cash back on all purchases, but you only get the rewards after you pay your bill.
Balance transfers and cash advances not allowedThe Upgrade Card won’t help you pay down existing debt at a reduced rate or withdraw cash from an ATM. That shouldn’t be a deal-breaker, though. You’re unlikely to qualify for a good balance transfer credit card until you have good credit, and cash advances are very expensive transactions that consumers should avoid whenever possible. Besides, the Upgrade Card allows you to send funds to your bank account without penalty.
0% foreign transaction feeUsing the Upgrade Card to make international purchases, whether you’re traveling abroad or buying things from foreign merchants online without leaving the country, won’t cost you extra.
Fair credit or better needed for approvalYou can get a sense of your Upgrade Card approval odds by checking your latest credit score for free on WalletHub. Upgrade also allows potential applicants to check for prequalification with no credit-score impact.
Spend some time reviewing the last details on the Upgrade Visa® Card with Cash Rewards.
- Max Late Fee None
- Max Overlimitfee None
- Max Penalty Apr None
- Grace Period Unknown
- Online Response Yes
- Cash Advanceapr N/A
- Cash Advancefee N/A
- Foreigntransaction Fee 0%
- Smart Chip Yes, unknown
- Combine the flexibility of a card with the low cost and predictability of a loan
- $0 fees - $0 annual fee, $0 activation fees, $0 maintenance fees
- No touch payments with contactless technology built in
- See if you qualify in minutes without hurting your credit score
- Access to a virtual card while you wait for your card to arrive in the mail
- Great for large purchases with predictable payments you can budget for
- Mobile app to access your account anytime, anywhere
- Enjoy peace of mind with $0 Fraud liability