The Upgrade Triple Cash Rewards Visa Review

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Pros

Prequalification option
Fixed interest rate and equal monthly payments
Bonus cash back on home, auto and health categories

Cons

Cash back only applied after you make payments
APRs can be high
Limited perks

From our partner

Annual Fee

$0
Intro Purchase APR

N/A
Intro Balance Transfer APR

N/A
Regular Purchase APR

14.99% – 29.99%
Regular Balance Transfer APR

14.99% – 29.99%

Additional Rates and Fees

Cash Advance Rate	N/A
Cash Advance Fee	N/A
Late Fee	$0
Penalty APR	N/A
Balance Transfer Fee	Up to 5%
Foreign Transaction Fee	Up to 3%
Return Payment Fee	$0

$400 bonus after opening a Rewards Checking Plus account and making 3 debit card transactions*
3% cash back exclusively on purchases in the Home, Auto and Health categories
No annual fee
Combine the flexibility of a card with the predictability of a personal loan
No touch payments with contactless technology built in
See if you qualify in minutes without hurting your credit score
Great for large purchases with predictable payments you can budget for
Mobile app to access your account anytime, anywhere
Enjoy peace of mind with $0 Fraud liability

^*See the online provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the provider's website.

See details, rates & fees

What you need to know about the Upgrade Triple Cash Rewards Visa® card

The Upgrade Triple Cash Rewards Visa® isn’t a typical cash back card. Instead, card users will get a revolving credit line that works more like a personal loan. Once approved, you can use your line of credit to pay for purchases or have cash deposited into your bank account — and you’ll make predictable, set payments each month on your balance.

Bonus cash back on home, auto and health

With this card, you can earn 3% cash back on purchases in the following categories:

Home — Includes home improvement supplies, landscaping services, heating, etc.
Auto — Includes parts, service, car washes, etc.
Health — Includes spas, gym memberships, exercise equipment, etc.

Your cash back earnings will be credited to your statement. But unlike traditional cash back cards, you won’t be able to get your rewards until you’ve paid off the associated purchases.

Prequalify without affecting your credit score

With many financial products, the issuing bank runs a hard credit check as a preliminary step in the application process — an action that can negatively affect your credit scores. But Upgrade lets you apply for prequalification, which allows you to get an idea of what your credit line and APR will be before you formally apply. A soft credit inquiry for prequalification won’t affect your credit, though take note that a formal application may result in a hard inquiry on your credit, and you might see different terms than you received with your prequalification.

Potentially high credit line and lower APR

The card offers credit lines ranging between $500 and $25,000, depending on your credit health. But most credit line amounts are less than $15,000.

Purchase APRs range from 14.99% - 29.99%.

What else do you need to know about the Upgrade Triple Cash Rewards Visa® card?

If you’re considering the Upgrade Triple Cash Rewards Visa® card, here are a few other details that are important to know.

Annual fee — You won’t be charged an annual fee.
No cash withdrawals allowed — You can’t use the card at an ATM for cash withdrawals.

Who this card is good for

The Upgrade Triple Cash Rewards Visa® has a decent unlimited cash back rate for home, auto or health purchases. If you’re looking to make a big purchase in one of these categories, you could get some cash back to offset some of your cost. But remember, you can’t get the benefit until you pay off your purchase.

If you don’t regularly spend in these categories or want a more standard cash back card, it might be better to look elsewhere or even consider a personal loan to cover a large purchase.

Not sure this is the card for you? Consider these alternatives.

If you think the Upgrade Triple Cash Rewards Visa® card might not be the card for you, take some time to consider other cards that might be a better fit. Here are some alternatives.

Citi Double Cash® Card: Good for cash back on every purchase you make.

Wells Fargo Active Cash® Card: This card also offers unlimited cash back on all purchases.

About the author: Sean McQuay is a long-time personal finance nerd. He’s passionate about budgets, credit cards, and earning useful rewards with minimal effort. He lives in the San Francisco Bay Area and is a father to three rambunctious kids. Read more.

Upgrade Triple Cash Rewards Visa®: Cash back on home, auto and health

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