Upgrade Cards
MyFive Cash Rewards
5% Cash back
on purchases in the category of your choice11% Cash back
on all other purchases1$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 transactions35% cash back rewards in the category of your choice1
Choose your 5% category each month
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
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
Convenient
Swipe, tap, insert or purchase online anywhere Visa4 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 or late fees.
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 $25,0002
Tap, swipe, click and go
Use your Upgrade Card anywhere Visa is accepted4
Make monthly payments
Opt in to AutoPay for simple, automated payments
Get rewarded
Earn up to 5% cash back on purchases when you pay them back1
Lower Cost than Traditional Credit Cards
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
Upgrade Card | Traditional credit card | |
|---|---|---|
Monthly payment | $182.66 | $125.00i |
Time to pay off the balance | 3 years | 22 yearsii |
Interest paid over that time | $1,575.71iii | $6,923.09ii |
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 $182.66 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.
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. 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.
From Our Customers
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 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 $1,500 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.
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 one monthly payment 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 cash back rewards 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 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 $1,500 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.
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.