MyFive Cash Rewards

5% Cash back

on purchases in the category of your choice¹

1% Cash back

on all other purchases¹

No annual fee
Check for an offer with no credit score impact

Get Started

$200 bonus

when you also open a Rewards Checking Preferred account and make 3 debit card transactions²

$200 bonus

when you also open a Rewards Checking Preferred account and make 3 debit card transactions²

5% cash back rewards in the category of your choice¹

Choose your 5% category each month

Earn 5% on up to $3,000 in quarterly spend

Groceries

Merchant examples:
Kroger, Publix, Meijer, Safeway, and more.

TV, Internet and Streaming Services

Merchant examples:
Netflix, Spectrum, Comcast, Spotify, and more.

Dining

Merchant examples:
McDonald's, Starbucks, UberEats, Waffle House and more.

Gas and EV Charging Stations

Merchant examples:
Shell, Exxon/Mobil, Chevron and more.

Travel

Merchant examples:
American Airlines, Marriott, Hilton, Delta Airlines and more.

Cell Phone Providers

Merchant examples:
AT&T, T-Mobile, Verizon Wireless, Sprint and more.

More 5% cash back categories

Home Utilities

Drug Stores

Pet Care and Stores

1% cash back on all other purchases

All Cash Back Rewards are earned when you pay eligible purchases back. 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.¹

You´re in Control with Upgrade Card

Combine the flexibility of a cash back rewards credit card with the predictability of a personal loan

Convenient
Swipe, tap, insert or purchase online anywhere Visa³ is accepted to get rewarded with up to 5% cash back in the category of your choice¹
Lower cost
Set payoffs so you can bring your balance down faster so you can pay less interest

And, no annual fee
Predictable
Pay down balances from each month at a fixed rate on each purchase. Or pay no interest when you pay your full balance early⁴

How it works

Apply for Upgrade Card
Check for an offer with no credit score impact
Tap, swipe, click and go
Use your Upgrade Card anywhere Visa is accepted³
Make monthly payments
Pay no interest when you pay your full balance early⁴
Get rewarded
Earn up to 5% cash back on purchases when you pay them back¹

Lower Cost than Traditional Credit Cards

Each Upgrade Card balance has 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

	Upgrade Card	Traditional credit card
Monthly payment	$196.13ⁱⁱⁱ	$145.83ⁱ
Time to pay off the balance	3 yearsⁱⁱⁱ	23 yearsⁱⁱ
Interest paid over that time	$2,060.20ⁱⁱⁱ	$8,929.28ⁱⁱ

i. The minimum payment on a traditional credit card would begin at $145.83 for the first payment and would vary, and decreases, as it’s paid down.

ii. Calculated using a minimum monthly payment calculator, assuming a $5,000 starting balance, “interest + 1%” minimum payment and an interest rate of 23.00%, which is approximately equal to the national average rate for accounts assessed interest, as of November 2024 (Source).

iii. Total interest of $2,060.20 assumes a $5,000 purchase and installment payments of $196.13 for 36 months. Installment payments calculated with 23.00% APR and 36–month term accounting for interest accrued between the charge date and the due date 51 days later.

Upgrade Shopping

Unlock savings on your favorite brands!

Discover offers, shop, and watch the discounts roll in.⁵

From Our Customers

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Upgrade Card FAQs

Upgrade Card can help you make good credit decisions by combining the flexibility of a cash back rewards credit card with the predictability of a personal loan. Upgrade MyFive Cash Rewards Card is our best cash back rewards card if you want 5% cash back rewards on up to $3,000 in quarterly purchases in the category of your choice. You get to change your category every month, so you can maximize your cash back. Plus you get 1% cash back rewards on all other purchases, when you pay them back.

Upgrade Card gives you the predictability of a personal loan, plus the flexibility of a cash back rewards credit card. You can use your Upgrade Card to swipe, tap, insert or purchase online everywhere Visa is accepted. You have access to funds up to the full line amount, but you only pay interest on the amount that you use. And with Upgrade MyFive Cash Rewards Card, you get 5% cash back rewards on purchases, up to the $3,000 in quarterly spend, in the category of your choice, plus 1% cash back rewards on all other purchases when you pay them back.

With a personal loan, your funds are disbursed in a lump sum once you're approved. If you need additional money, you’ll need to apply again to borrow additional funds. You are responsible to pay back the full amount that you borrow, plus interest, even if you do not use the loan proceeds as you planned. And you do not get any cash back rewards on your loan payments.

Applying for your Upgrade Card is simple and quick. And you can check for an offer with no impact to your credit score or credit report.

First, provide some basic information about yourself and grant us permission to pull your credit report from one or more consumer reporting agencies. This credit pull is a soft inquiry, so it won’t harm your credit.

Then we'll show you if you are pre-approved for Upgrade Card. If you are pre-approved, you will see your offer, which includes your credit line amount, APR and draw length.

MyFive Cash Rewards