Upgrade Cards Review and Comparison

Updated: Jan 24, 2023

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6 Upgrade Credit Cards Comparison (Upgrade Bitcoin vs Triple Cash vs Cash Rewards vs Classic vs OneCard vs Life Rewards)

If you’re looking for convenient credit cards that are different from other traditional offers and combine the convenience of fixed payments of a personal loan, lower rates, and benefits of a Visa card, Upgrade cards might be right up your alley. Upgrade offers four Visa credit cards with similar benefits and rewards, but each is fundamentally different. Whether you need a card for improving credit with no fees, getting cash back on payments for specific categories, or earning bitcoin rewards, these credit cards offer the flexibility of a credit card combined with the predictability and low cost of a personal loan. All four cards come with no fees, affordable rate monthly balances, equal monthly payments, and set payoffs, and can be used online or at retail locations. Let’s compare Upgrade credit cards so that you can make an informed decision.

  • Upgrade Bitcoin Card – best for those cryptocurrency-driven applicants who plan to earn unlimited bitcoin rewards while using the card credit nationally and internationally.
  • Upgrade Cash Rewards Card – best for those who want to transfer their balances and want to earn rewards on all purchases while paying no annual fee.
  • Classic Upgrade Card – best for those who do not wish to earn rewards and are mostly interested in balance transfer or Upgrade Personal Loan but still want to have a card with no annual fee and no international transaction fee.
  • Upgrade Triple Cash Card – best for those who plan to spend mainly in Auto, Health, and Home categories, thus earning higher cash back rewards and having direct access to the Upgrade Loan.
6 Upgrade Credit Cards - OneCard, Triple Rewards, Bitcoin Rewards and other Upgrade cards

Upgrade Cards Comparison Table

Cash RewardsOneCardTriple Cash RewardsLife RewardsBitcoin RewardsUpgrade Card
Key FeatureCash rewardsPay now or pay laterCash rewardsCash rewardsCryptocurrency rewardImproving Credit
Annual Fee$0$0 $0$0 $0 $0
Regular APR 8.99% -29.99%8.99% -29.99%8.99% -29.99%8.99% -29.99%8.99% -29.99%8.99% -29.99%
Cash Advance$0$0$0$0$0$0
Late Fee$0$0$0$0$0$0
Returned Payment$0$0$0$0$0$0
Foreign Trans Fee$0$0$0$0$0$0
Welcome Bonus$200 Bonus1$400 Bonus3$200 Bonus1$200 Bonus1$200 Bonus2
RewardsUnlimited 1.5% cash backUnlimited 2% – 3% cash backUnlimited 1% – 3% cash backUnlimited 3% cash backUnlimited 1.5% backNo rewards
Top Reward CategoriesAll transactionsEveryday purchasesHome, Auto, and Health Gas, Grocery, Health,
Streaming, and Utilities
Bitcoins
Extra Rewards10% extra cash back when
Shopping powered by Dosh
10% extra cash back when
Shopping powered by Dosh
10% extra cash back when
Shopping powered by Dosh
10% extra cash back when
Shopping powered by Dosh
10% extra cash back when
Shopping powered by Dosh
10% extra cash back when
Shopping powered by Dosh
Credit Limit$500 to $25,000*$500 to $25,000*$500 to $25,000*$500 to $25,000*$500 to $25,000*$500 to $25,000*
EarlyPayYesYesYesYesYesYes
Fraud LiabilityYesYesYesYesYesYes
ContactlessYesYesYesYesYesYes
ReviewUpgrade Rewards Card ReviewUpgrade Bitcoin Comparison
Learn MoreMore infoMore infoMore infoMore infoMore infoMore info
ApplicationClaim this offerClaim this offerClaim this offerClaim this offerClaim this offerClaim this offer

6 Upgrade Credit Cards + 1 Personal Loan

Financial startup Upgrade offers a suite of Visa credit cards that combine the features of personal loans and credit cards. They offer 4 unsecured cards and 1 personal loan:

  1. Cash Rewards – unlimited 1.5% cash back on payments, no fees, average to excellent credit requirement;
  2. OneCard – get started with a new Rewards Checking Account and get a $400 welcome bonus when you make 3 purchases;
  3. Triple Cash Rewards – unlimited 3% cash back on payments for health, auto, and home purchases, earn 1% cash back on all other purchases, no fees, average to excellent credit requirement;
  4. Life Rewards – unlimited 3% cash back on payments for purchases on gas, grocery, health, streaming, and utilities.
  5. Bitcoin Rewards – unlimited 1.5% cash back in bitcoin, no fees except bitcoin exchange fee, average to excellent credit requirement. Each payment you make on your purchases will buy you bitcoin, kept in a cryptocurrency wallet;
  6. Classic Card – credit line from $500 to $25,000, no fees, excellent for improving credit but doesn’t offer any rewards.
  7. Personal Loan1– affordable loan of up to $50,000 with low rates

Upgrade credit cards are issued by Sutton Bank and can be used as you would use a regular Visa credit card. Any unpaid balances will be automatically converted to installment plans that allow the cardholder to make equal monthly payments with an affordable interest rate. You make your monthly payments over a set period, just like a personal loan. The cards can also be used as personal loans. Each card has a credit line that you can borrow against. To use this feature, cardholders need to request that their funds be sent to their bank accounts.

What Are the Similarities?

The Upgrade cards share quite similar features, so much that they are nearly identical. All offer the benefit of no transaction fees and the same range of interest rates and credit limits. The terms for qualifying, though, can differ depending on factors like your credit score, credit usage history, and so on. You can use all cards internationally at no foreign transaction fees. The cards also share some limitations:

  • Upgrade credit cards can’t be used at ATMs for cash advances;
  • Cardholders aren’t allowed to transfer their balances from another credit card onto any Upgrade credit card.

The cards work the same way. Cardholders earn their rewards by making payments toward their balance instead of earning as they spend. The only exception is the Upgrade Visa card for improving credit. While it can help to improve your credit, the card doesn’t offer a rewards program.

All Upgrade cards including Triple and Cash rewards have the same credit needed recommendations – Excellent, Good, Fair, or Average.

Are There Any Differences?

The only difference between Upgrade Cash Rewards, Upgrade Triple Cash Rewards, Upgrade Bitcoin Rewards, and Classic Upgrade Card is the rewards program. The Upgrade Visa Cash Rewards offers a reward of earning 1.5% cashback at a flat rate. Upgrade Triple Cash Rewards Visa has a tiered cash back reward structure, allowing you to earn 3% cashback on a wide range of health, auto, and home purchases, including:

  • Home improvement and hardware stores;
  • Home appliances and furniture;
  • Cleaning and landscaping services;
  • Auto repairs, dealership, and auto parts purchases;
  • Sporting goods stores, gym equipment purchases directly from vendors, gym memberships;
  • Pharmacies and doctor’s visits;
  • Beauty and health services.

The Upgrade Bitcoin Rewards Card differs from the rest by offering cryptocurrency rewards. This card is part of the growing selection of cryptocurrency rewards cards and allows the cardholder to earn 1.5% back in bitcoin. Each time you make a payment on a purchase, bitcoins will be purchased and held in your crypto wallet. The crypto wallet is provided by a trading and custody platform, NYDIG. While you can’t transfer your bitcoins to a separate wallet, you can trade them after a 90-day holding period in the form of a statement credit. If you sell your bitcoins, the proceeds will subject you to a 1.5% transaction fee. The only card that doesn’t offer any rewards is the Upgrade Card. Instead, it allows you to improve your credit by granting a personal line of credit.

Upgrade Credit Cards – Benefits, Pros, and Cons

AdvantagesDisadvantages
– No fees to acquire and use the cards;
– An excellent alternative to balance transfer offers;
– An option to choose cash back or improving credit;
– Hybrid credit card/personal loan financial tool;
No annual fee, activation, or maintenance;
– No foreign transaction fees;
– Qualify with average credits;
– High rewards rate;
– Reports to all three major credit bureaus
– Limited availability;
– Some benefits of traditional credit cards are lacking (0% intro APR);
– No option to save up your cash back;
– Upgrade cards are not available to residents of Washington, D.C.

Other Upgrade Cards Benefits

  • Available to those with fair, good, and excellent credit scores (FICO scores 600 and up for cash back and bitcoin rewards);
  • Earning cash back rewards on all purchases and a chance to improve credit (Upgrade Card)
  • Affordable monthly payments and no fees;
  • Top features like no hard pull on your credit report;
  • Standard benefits of a Visa credit card;
  • Predictable payments of a personal loan and lower costs;
  • Top security features.

Upgrade Cards Competition and Alternatives

Card NameIssuerAnnual FeeBonusRewardsApplication
BlockFi Bitcoin RewardsEvolve Bank & Trust$03.5% back in bitcoins for 3 monthsUnlimited 1.5% bitcoin rewardsClaim this offer
Aspiration Zero MastercardBeneficial State Bank$60Get $300 for saving the planetUp to 5% cash backClaim this offer
Gemini Credit CardWebBank$0Fast pre-qualification, Luxury CardUp to 3% crypto backClaim this offer
Fortiva MastercardBank of MissouriSee termsFast pre-qualification, Builds CreditUp to 3% cash backClaim this offer
Chase Sapphire PreferredChase Bank$9560,000 bonus points2% to 5% Unlimited Reward pointsClaim this offer
Owners Rewards Card by M1Celtic BankSee terms1 year free M1 Plus MembershipUp to $10% cash backClaim this offer
Stilt Debit MastercardOther Issuers$0No SSN is requiredClaim this offer

Bottom Line

When it comes to choosing the right Upgrade card for you, it all comes down to how you want to earn and redeem rewards. When you’re looking to build your credit, an Upgrade Card is the best option. If you have a major, health, auto, or home purchase coming up, the Upgrade Triple Cash Rewards is the most suitable solution. When you’re more into trading cryptocurrencies, the Upgrade Bitcoin Rewards Visa is the right choice for your needs. If earning cash rewards on payments is all you need, the Upgrade Cash Rewards is the card you’re looking for.

Frequently Asked Questions

Upgrade Personal loans Disclaimer

Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.96%-35.97%. All personal loans have a 1.85% to 8.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. The actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed-rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade’s bank partners. Information on Upgrade’s bank partners can be found at upgrade.com/bank-partners/.

**Accept your loan offer and your funds will be sent to your bank or designated account within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes the transaction. From the time of approval, funds sent directly to you should be available within one (1) business day. Funds sent directly to pay off your creditors may take up to 2 weeks to clear, depending on the creditor.



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