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Rewards Checking Preferred
Cash Back Categories

Up to 2% cash back on common everyday expenses2

Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000+ direct deposit.1
Open Account
Up to $250,000 in FDIC insurance through Cross River Bank. See disclosures below.*
hero cash rewards

Merchant Types with up to 2% Cash Back2

Convenience and drug stores

Pharmacies | Drug Proprietors | General Stores | Mini-marts | Convenience Retailers

Merchant examples:
CVS, Walgreens, Rite Aid

Gas Stations

Service Stations | Automated Fuel Dispensers | Electronic Vehicle | Charging Service

Merchant examples:
Shell, Chevron, ExxonMobil, Speedway

Monthly subscriptions

Movie and TV Streaming Services | Digital Music Subscriptions

Merchant examples:
Netflix, SiriusXM, Spotify, DisneyPlus

Restaurants

Restaurants | Food Delivery Apps | Miscellaneous Eateries | Coffee Shops | Food Trucks

Merchant examples:
McDonalds, UberEats, Chipotle, Starbucks

Utilities, phone

Utilities | Telecommunication | Data Utilities

Merchant examples:
AT&T, T-Mobile, Verizon Wireless, Cricket Wireless

Merchants set their own category codes and therefore purchases may not appear in categories as expected. The listed merchants are examples of companies where purchases made at these companies will typically appear in the stated category as appropriate. Upgrade is in no way affiliated with these merchants or endorsing any of their products or services, nor are these merchants considered sponsors or co-sponsors of this program. All trademarks are the property of their respective owners.
Open Account
Up to $250,000 in FDIC insurance through Cross River Bank. See disclosures below.*

275 Battery Street, 23rd FloorSan Francisco, CA 94111, USA

Not for payments. Payment address can be found here.

For inquiries, contact us at
moc.edargpu@tcatnoc

Important Information About Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

*Checking accounts are insured up to $250,000 in FDIC insurance through Cross River Bank. Funds are insured up to $250,000 per ownership category and per institution. Upgrade is not a bank and is not FDIC insured.

1 Active Accounts with a monthly direct deposit of at least $1000 are eligible for additional benefits on Rewards Checking Preferred such as additional cash back rewards, and more. See the Active Account page for more information.

2 Rewards Checking Preferred customers who set up monthly Eligible Direct Deposits of at least $1,000 within sixty (60) days after account opening earn 2% cash back on purchases in eligible categories including: convenience stores, drugstores, restaurants and bars (including deliveries), gas stations, utilities (including electric, gas, sanitary and water) and monthly subscriptions (including phone, cable, TV and other streaming services). Excluded purchase categories and excluded recurring payments include, but are not limited to: grocery stores and supermarkets (including affiliated gas stations), travel purchases, medical bills, retailers and online merchants, rent, mortgage, insurance, car payments, or other monthly subscriptions or bills. 2% cash back rewards are limited to $500 in rewards per calendar year ($25,000 in eligible category purchases). Rewards Checking Preferred accounts with less than $1,000 in monthly Eligible Direct Deposits sixty (60) days after account opening will not earn any cash back. To learn about eligible categories, exclusions and other terms please refer to the applicable Upgrade Visa® Debit Card Agreement and Disclosures for more information.

Copyright 2025 Upgrade, Inc.
All rights reserved.

All loans, Personal Credit Lines, and checking and savings accounts are provided by Upgrade's bank partners. Upgrade Visa® Cards and Upgrade Visa® Debit Cards are issued by Upgrade's bank partners, pursuant to a license from Visa USA Inc. Upgrade, Inc. (NMLS #1548935) holds the following state licenses and does business under the following DBAs. Upgrade is a financial technology company, not a bank.

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