Cash rewards cards
Pay now or pay later
You're in Control with Upgrade Card
Use at retail locations or online, or send funds to your bank account
No annual or late fees and set payoffs bring your balance down faster so you can pay less interest†
Pay down balances from each month at a fixed rate and term
Save on interest over time with Upgrade Card
Upgrade Card balances have a fixed rate and term so you know when you pay off your balance and can save on interest. Traditional credit cards can keep you in debt with minimum payments that pay back little of the principal balance.
Bring your balance down faster to pay less interest
Interest paid on a $5,000 balance with Upgrade Card vs. Traditional Credit Card when making a monthly minimum payment
Traditional Credit Card
Time to pay off the balance
Interest paid over that time
i. The minimum payment on a traditional credit card would begin at $125.00 for the first payment and would vary, and decreases, as it’s paid down.
ii. Source: minimum monthly payment calculator available at https://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx assuming a $5,000 starting balance, “interest + 1%” minimum payment and an interest rate of 18%, which is approximately equal to the national average rate for good credit (source:https://www.cardrates.com/).
iii. Interest of $1,575.71 assumes a $5,000 charge and installment payments of $252.25 for 36 months. Installment payments calculated with 18% APR and 36–month term accounting for interest accrued between the charge date and the due date 51 days later.
How it Works
Get your Upgrade Card
Apply online and get a credit line from $500 to $25,000 with your Upgrade Card 8
Make purchases or get funds sent to your account
Pay with Upgrade Card at retail locations and online wherever Visa® is accepted or get funds sent to your bank account9
Pay it down
Make monthly payments, which can be debited directly from your bank account
Plus, earn up to 10% extra cash back with Upgrade Shopping powered by Dosh®
Activate Upgrade Shopping offers from participating merchants via your account dashboard.10 Then shop online through Dosh or at stores, using your Upgrade card. You can get up to 10% cash back as a statement credit on qualifying purchases.
And Upgrade Shopping cash back is earned in addition to other Upgrade Card rewards.