Upgrade Cards
Upgrade Select
Get the credit you need
$200 bonus
when you also open a Rewards Checking Plus account and make 3 debit card transactions3
$200 bonus
when you also open a Rewards Checking Plus account and make 3 debit card transactions3You're in control with Upgrade Card
Convenient
Swipe, tap, insert or purchase online anywhere Visa4 is accepted
Lower cost
Set payoffs bring your balance down faster so you can pay less interest
Predictable
Pay down balances from each month at a fixed rate and term
How it Works
Apply for Upgrade Card
Get a credit line from $500 to $2,0002
Tap, swipe, click and go
Use your Upgrade Card anywhere Visa is accepted4
Make monthly payments
Use AutoPay for simple, automated payments
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 $1,000 balance with Upgrade Card vs. Traditional Credit Card when making a monthly minimum payment
Upgrade Card | Traditional Credit Card | |
|---|---|---|
Monthly payment | $38.68 | $28.33i |
Time to pay off the balance | 3 years | 10 yearsii |
Interest paid over that time | $392.17iii | $1,193.25ii |
i. The minimum payment on a traditional credit card would begin at $28.33 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 $1,000 starting balance, “interest + 1%” minimum payment and an interest rate of 22.00%, which is approximately equal to the national average rate for credit card accounts assessed interest. (source: https://www.federalreserve.gov/releases/g19/current/).
iii. Interest of $392.17 assumes a $1,000 charge and installment payments of $38.68 for 36 months. Installment payments calculated with 22.00% APR and 36–month term accounting for interest accrued between the charge date and the due date 51 days later.
Plus, earn up to 10% cash back with Upgrade Shopping powered by Dosh®
Activate Upgrade Shopping offers from participating merchants via your account dashboard.5 Then shop online through Dosh or at stores, using your Upgrade Card.
Upgrade on the go
Manage your account with the app
Upgrade Card FAQs
What is Upgrade Card?
Upgrade Card can help you make good credit decisions by combining the flexibility of a credit card with the predictability of a personal loan.
How can I use my Upgrade Card?
You can use your Upgrade Card to swipe, tap, insert or purchase online everywhere Visa® is accepted. You can also transfer credit card balances from other credit card issuers to your card or send funds to your bank account, subject to applicable fees.
Why choose Upgrade Card instead of a credit card?
Each statement period, your Upgrade Card transactions are combined into an installment loan with a fixed rate and term. That means you know when you’ll pay off your charges and can save on interest over time. By comparison, most credit cards have a low minimum monthly payment. With minimum payments, you tend to pay off less of the principal and may stay in debt for extended periods of time.
Why choose Upgrade Card instead of a personal loan?
With a fixed rate and term, Upgrade Card gives you the predictability of a personal loan, plus the flexibility of a 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.
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.
Is the Upgrade Card secured or unsecured?
Upgrade Card is unsecured so you do not need to provide a cash or security deposit or any other collateral.
How do I apply for an Upgrade Card?
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.