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What’s the difference between the Upgrade Card and a personal loan?

The Upgrade Card combines the flexibility of a credit card with the predictability of a personal loan. You can use your Upgrade Card to make purchases online or in person. You can also use your account to make optional balance transfers or cash transfers, which are subject to applicable fees and may not be available to all customers at all times. You have access to funds up to the full line amount(1) and you only pay interest on the amount you choose to borrow. With a personal loan, all of your funds are generally disbursed once you're approved. However, if you need additional money, you’ll need to apply again to borrow additional funds.

Learn more about the Upgrade Card. 

(1) If there are changes to your credit score or other risk factors, or changes to market conditions, the availability of your remaining credit, the interest rate, and length of the credit offered may be adjusted for future transactions. The interest rate on your existing balances will never change. Your interest rate may be adjusted after the first 12 months your account is opened for future purchases or draws. For more information, please refer to your Personal Credit Line Agreement

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