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Upgrade Triple Cash Rewards Visa® Review

Upgrade Triple Cash Rewards Visa<sup>®</sup>

Upgrade Triple Cash Rewards Visa® Review

Regular Purchase APR
8.99% - 29.99%
Annual Fee
$0
Rewards
Unlimited cash back on payments - 3% on Home, Auto and Health categories and 1% on everything else
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Upgrade Triple Cash Rewards Visa® best for?

If a significant portion of your budget is devoted to spending in the home, auto and health categories and you’re looking for a $0-annual-fee credit card with predictable payments, the Upgrade Triple Cash Rewards Visa® might be right for you.

The Upgrade Triple Cash Rewards Visa® can help you finance large purchases in a unique way — converting your balance into a fixed-rate loan with equal payments, giving you a clear repayment plan with a fixed end date. However, this card has some limitations, so we’ll examine an alternate for it too.

Upgrade Triple Cash Rewards Visa® overview

    • Unlimited cash back on payments - 3% on Home, Auto and Health categories and 1% on everything else
    • Earn a $200 bonus on your Upgrade Card after opening a Rewards Checking account and making 3 debit card transactions*
    • $0 fees - $0 annual fee, $0 activation fees, $0 maintenance fees
    • Combine the flexibility of a card with the low cost and predictability of a loan
    • No touch payments with contactless technology built in
    • See if you qualify in minutes without hurting your credit score
    • Access to a virtual card while you wait for your card to arrive in the mail
    • 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 
    • * To qualify for the $200 welcome bonus, you must open and fund a new Rewards Checking account and make 3 debit card transactions within 60 days of your Upgrade Card account opening. The bonus will be applied as a one-time credit to your account and will not otherwise reduce the amount of your regular monthly payments. The bonus credit will be posted to your Upgrade Card as a rewards credit within 1-2 billing periods following the third debit card transaction on your Rewards Checking account. Your Upgrade Card must be in good standing to receive a bonus.

  • Credit needed:
    600 720
    Good/Fair
  • Use your card with Apple Pay™ or Google Pay™
  • Credit limit ranging from $500 to $25,000

Intro Purchase APR

N/A

Regular Purchase APR

8.99% - 29.99%

Intro BT APR

N/A

Regular BT APR

N/A

Annual Fee

$0

Cash Advance Fee

N/A

Foreign Transaction Fee

$0

Balance Transfer Fee

$0

Pros and cons

Pros

  • Generous cash back rewards program
  • Opportunity for a sign-up bonus
  • No annual fee or foreign transaction fee
  • Accessible with good/fair credit
  • Predictable payment structure

Cons

  • Potentially high APR
  • Can’t add authorized users
  • Not available everywhere

What we like about the Upgrade Triple Cash Rewards Visa®

  • Generous cash back rewards program

    Earn unlimited cash back on payments - 3% on Home, Auto and Health categories and 1% on everything else. Upgrade provides these merchants as qualifying examples for purchases in the home category:

    • Home Depot
    • Lowe’s
    • Menards
    • Wayfair
    • IKEA

    The auto category lists the following  examples of included merchants:

    • Tractor Supply Co.
    • Discount Tire
    • Firestone
    • Tires.com
    • Mavis Tire

    And for health, Upgrade provides the following merchant examples:

    • Walgreens
    • CVS
    • Academy Sports
    • Dick’s Sporting Goods
    • MidwayUSA.com

    Cash back is earned when you pay your purchases back, and is applied to your balance monthly as a statement credit.

  • Chance to earn a welcome bonus

    Earn a $200 bonus on your Upgrade Card after opening a Rewards Checking account and making 3 debit card transactions. See details*.

    *To qualify for the $200 welcome bonus, you must open and fund a new Rewards Checking account and make 3 debit card transactions within 60 days of your Upgrade Card account opening. The bonus will be applied as a one-time credit to your account and will not otherwise reduce the amount of your regular monthly payments. The bonus credit will be posted to your Upgrade Card as a rewards credit within 1-2 billing periods following the third debit card transaction on your Rewards Checking account. Your Upgrade Card must be in good standing to receive a bonus.

  • No annual fee or foreign transaction fee

    The Upgrade Triple Cash Rewards Visa® charges a $0 annual fee and a $0 foreign transaction fee, too — so you won’t have to pay to carry it or worry about an extra fee on any transactions you make when traveling abroad.

  • Accessible even if your credit isn't perfect

    This card is designed for people with good/fair credit. Since many credit cards that earn cash back are aimed at people with good to excellent credit, it’s a nice feature that the Upgrade Triple Cash Rewards Visa® is more accessible. However, even if you are approved for the card, note that a lower credit score might mean you have to deal with a high APR.

  • Predictable monthly payments

    Typically, credit cards let cardholders make minimum monthly payments, which go toward a portion of the principal debt plus interest charges (unless you’re in an intro APR period). This can cause debt to pile up, unless you’re very disciplined about making more than the minimum payment and paying down your card regularly.

    However, the Upgrade Triple Cash Rewards Visa® does things a little differently. As Upgrade’s website explains, you’ll “pay down balances from each month at a fixed rate with equal monthly payments.” In essence, you can turn your revolving balance into a loan with fixed payment amounts.

    This could make it easier to have a fixed end date on your payments, as well as prevent you from getting trapped into just making minimum payments that can lengthen the amount of time it can take to pay off a balance.

What to watch out for with the Upgrade Triple Cash Rewards Visa®

  • You might get a high interest rate

    The Upgrade Triple Cash Rewards Visa® has a pretty wide APR range — 8.99% - 29.99%. If you’re subject to an interest rate at the higher end of that range, you could face some expensive interest charges for carrying a balance.

  • No option to add authorized users

    Sometimes you might want to add an authorized user to your credit card, such as a spouse, to maximize the cash back you earn — or it could be that your partner needs to build credit and your card can help them do so. Unfortunately, the Upgrade Triple Cash Rewards Visa® doesn’t allow authorized users.

  • Can't get the card in some states

    If you’re a resident of Iowa, West Virginia, Wisconsin, or Washington, D.C., you can’t get the Upgrade Triple Cash Rewards Visa®.

Alternate cashback card

Compare it to the Capital One Quicksilver Cash Rewards for Good Credit

| Disclosures
Capital One Quicksilver Cash Rewards for Good Credit
Capital One Quicksilver Cash Rewards for Good Credit
on Capital One's secure site
N/A
26.99% (Variable)
$0
1.5% Cash Back on every purchase, every day; 5% Cash Back on
  • Earn unlimited 1.5% cash back on every purchase, every day
  • $0 annual fee and no foreign transaction fees
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • No rotating categories or sign-ups needed to earn cash rewards
  • Cash back won't expire for the life of the account and there's no limit to how much you can earn
  • $0 Fraud Liability if your card is ever lost or stolen
640 719

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

The Capital One Quicksilver Cash Rewards for Good Credit is a straightforward flat-rate card: You’ll earn 1.5% cash back on every purchase, every day; 5% cash back on hotels and rental cars booked through capital one travel (terms apply). It charges a $0 annual fee, a foreign transaction fee of none and is also accessible to people with good credit.

Note that at 26.99% (variable), this card has a very high APR — we recommend paying off your balance in full every month so as to avoid incurring interest charges.

The Capital One Quicksilver Cash Rewards for Good Credit is a good choice for consumers who want more flexibility in their reward redemption than the Upgrade Triple Cash Rewards Visa® allows. You can redeem your cash back as follows:

  • For a check
  • As a statement credit
  • To cover past purchases
  • For gift cards

Compare the Upgrade Triple Cash Rewards Visa® to similar cards

Comparison of four different credit cards
Upgrade Triple Cash Rewards Visa<sup>®</sup> Capital One Quicksilver Cash Rewards for Good Credit Capital One SavorOne Cash Rewards for Good Credit Lowe's Advantage Card
Upgrade Triple Cash Rewards Visa® Capital One Quicksilver Cash Rewards for Good Credit Capital One SavorOne Cash Rewards for Good Credit Lowe's Advantage Card
Apply Now
on Upgrade's secure site
Apply Now
on Capital One's secure site
Apply Now
on Capital One's secure site
Review Coming Soon
Rewards Rate
Unlimited cash back on payments - 3% on Home, Auto and Health categories and 1% on everything else 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply) 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats Save 5% off your eligible purchase, or get 6 months special financing with purchases of $299 or more, or get 84 fixed monthly payments with a minimum purchase of $2,000 at 7.99% APR. Terms apply.
Welcome Offer
Earn a $200 bonus on your Upgrade Card after opening a Rewards Checking account and making 3 debit card transactions. See details* N/A N/A Get a one-time discount of 20% off your purchase, up to a $100 discount, when you open and use a new Lowe’s Advantage Card
Annual Fee
$0 $0 $0 $0
Regular APR
8.99% - 29.99% 26.99% (Variable) 26.99% (Variable) 26.99% variable
Recommended Credit
Good/Fair Good Good N/A
Card Details
Upgrade Triple Cash Rewards Visa® Capital One Quicksilver Cash Rewards for Good Credit Capital One SavorOne Cash Rewards for Good Credit Additional card details unavailable

Is the Upgrade Triple Cash Rewards Visa® right for you?

Simply put, the Upgrade Triple Cash Rewards Visa® is a fine choice if you have good/fair credit and your spending aligns well with the card’s cashback categories. However, if you want more flexibility in how you can use your cash back, or you live in a state where the card isn’t available, an option like the Capital One Quicksilver Cash Rewards for Good Credit might be better for your wallet.