The Upgrade Cash Rewards Elite Visa® credit card is for borrowers who want a flexible credit line that earns an unlimited 2.2% cash back without credit card fees. While Upgrade Cash Rewards Elite Visa® is a credit card, it has several personal loan features that make it stand out from other cards.
First, you can send cash from the credit line to your bank account without having to worry about a draw or cash advance fee. The card also offers fixed rates and fixed payment plans for card transactions. Credit lines typically range from $500 to $25,000, but some borrowers may get approved for as much as $50,000.*
One drawback is that the unlimited 2.2% cash back is earned when you pay off purchases and not when you make them. If you want to earn cash back rewards upfront with each swipe, a card like the Wells Fargo Active Cash® Card (unlimited 2% cash back on purchases) may be a better option. Also, beware that interest on the Upgrade Cash Rewards Elite Visa® may be high depending on your credit.
*Learn more about Upgrade’s personal credit lines