Upgrade Triple Cash Rewards Card Review: Build Credit and Earn 3% Cash Rewards

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Upgrade Triple Cash Rewards Visa® Upgrade Triple Cash Rewards Visa®
Editor’s Score: (N/A)
Learn more externa link icon At our partner’s secure site. See Rates & Fees, Terms Apply.
Upgrade Triple Cash Rewards Visa®
Editor’s Score: (N/A)
  • Intro bonus:
    N/A
  • Annual fee:
    $0
  • Regular APR:
    8.99% -29.99% APR
  • Recommended credit score:
    670-850 (Good to Excellent)
Rewards rate:

Unlimited cash back on payments – 3% on Home, Auto and Health categories 1% on everything else.

NextAdvisor’s Take

Pros
  • Earn 3% rewards in bonus categories
  • No annual fee
  • Credit line up to $25,000
  • Available for people with fair credit or better
Cons
  • Bonus rewards categories have limitations
  • Potential for a high APR
  • No welcome bonus
  • Balance transfers not allowed
The Bottom Line
The Upgrade Triple Cash Rewards Card offers bonus rewards in home, auto, and health categories with no annual fee. Your rewards are automatically applied to your next balance once you earn them. This card also lets you pay down balances at a fixed rate and monthly payment, which makes it similar to a personal loan.

Additional Card Details

  • Variable APR of 8.99% to 29.99%
  • No fees
  • Fixed monthly payments (terms assigned based on credit)
  • Check the credit line you qualify for online without a hard credit check
  • Credit lines up to $25,000 available
  • Reports payments to all three credit bureaus

Upgrade Triple Cash Rewards Card Full Review

Card Type

The Upgrade Triple Cash Rewards Card is a cash back credit card with bonus rewards categories. Because it’s geared toward individuals with fair credit or better, it can also be a good tool for building credit

Annual Fee

This card doesn’t charge an annual fee, which is common among cash back credit cards. 

Welcome Offer

The Upgrade Triple Cash Rewards Card does not offer a welcome bonus of any kind. 

Introductory Offer

You will not get an introductory 0% APR offer when you sign up for this card.

Rewards

The Upgrade Triple Cash Rewards Card offers 3% back in home, auto and health categories, although not all purchases qualify. You’ll also earn rewards when as you pay off eligible purchases, not when you buy. This means it can take longer to earn rewards if you carry a balance on your credit card.

  • Examples of home purchases that qualify for 3% back include “hardware, home supply, landscaping services, heating, plumbing, A/C” and more.
  • Examples of auto purchases that qualify for 3% back include “automotive parts, car dealers, car washes, tires, towing services” and more.
  • Examples of health purchases that qualify for 3% back include “health and beauty spas, gym membership, exercise equipment” and more.

All other purchases you charge to your card earn a flat rate of 1% cash back as payments are made. Rewards are automatically applied to your next month’s balance once you earn them, so you don’t have to manually choose when to redeem.

Fees

This card doesn’t charge an annual fee. There are also no foreign transaction fees, transfer fees, or late payment fees to worry about. You cannot use your card at an ATM, so no cash advance fee applies.

Other Benefits

The Upgrade Triple Cash Rewards Card doesn’t have a ton of perks, but that is common among credit cards for fair credit. With that being said, credit lines up to $25,000 and fixed monthly payments can make this card a good choice for a large upcoming purchase. This card also sets payments up on a shorter-than-normal repayment schedule that helps you pay off your balance faster.

In addition to making purchases that earn rewards, you can request to transfer money (using your credit line) to your bank account, making it more like a personal loan. Then, you can pay the amount back toward your credit line in fixed monthly payments at a fixed rate.

Pro Tip

The Upgrade Triple Cash Rewards Card cannot be used to get cash at an ATM. However, you can transfer money from this card’s credit limit to your bank account, then pay it back with fixed monthly payments over time.

Finally, the Upgrade Triple Cash Rewards Card also reports payments to the credit bureaus (Experian, Equifax and TransUnion), so it can help you build credit over time.

Benefits of Upgrade Triple Cash Rewards Card

The fact the Upgrade Triple Cash Rewards Card is available to consumers with “fair” credit means it could be a good option for people who need the chance to build credit or improve their scores over time. Plus, it charges fewer fees than some other credit-building options, including no annual fee, monthly maintenance fees, or late payment fees. Earning 3% back in popular everyday categories is also a major plus, and 1% back on all non-bonus purchases means you can count on earning rewards for each dollar you spend on your card.

Since the Upgrade Triple Cash Rewards Card lets you pay down debts with fixed monthly payments, it’s also a good option if you’re looking for the convenience of credit with the standard payments of a personal loan. Just remember, you can avoid interest entirely by paying your balance in full each month.

Drawbacks of Upgrade Triple Cash Rewards Card

While the Upgrade Triple Cash Rewards Card does offer predictable monthly payments and the promise of paying your debt off faster, the APR on this card ranges from 8.99% to 29.99%. The lower end of this rate is excellent when you compare to other credit cards for fair credit, but the higher end of this rate is more costly than most cards. If you apply for the Upgrade Triple Cash Rewards Card and get assigned a very high APR, carrying a balance will become incredibly costly in a hurry.

Another downside of the Upgrade Triple Cash Rewards Card is the fact there’s no welcome bonus or introductory APR of any kind. By contrast, some cash back credit cards offer bonuses worth $200 or more to applicants who can meet a minimum spending requirement within a few months of account opening. And cards with intro 0% APR offers may be a better choice for large purchases, since you can pay the cost down interest-free during the intro period.

How to Use Upgrade Triple Cash Rewards Card

If you want the chance to build credit while you earn rewards, and your regular spending fits within this card’s 3% rewards categories, it can make a valuable addition to your wallet. You may be approved for a line of credit worth up to $25,000, and you can start using your card to build credit right away.

Before you submit your application, check the credit line you may qualify for on Upgrade’s site without undergoing a hard credit check. This can help you determine if the terms you’re eligible for fit your needs before you apply.

To avoid paying interest on the purchases you charge to your card, make sure you pay your credit card bill in full and on time each month. Also avoid maxing out your credit card’s limit, which can negatively impact your credit score.

However, if you can’t pay your balance in full, the Upgrade Triple Cash Rewards card allows you to make fixed monthly payments toward your debt, similar to a fixed personal loan. The APR and terms of your repayment will be assigned when you apply, but you can also pay it off in full early, as you’re able.

Upgrade Triple Cash Rewards Card Compared to Other Cards

Upgrade Triple Cash Rewards Visa®

Upgrade Triple Cash Rewards Visa®

Editor’s Score: (N/A)
Bank of America® Customized Cash Rewards credit card

Bank of America® Customized Cash Rewards credit card

Editor’s Score: (4.3/5)
  • Intro bonus:
    $200
  • Annual fee:
    $0
  • Regular APR:
    13.99% – 23.99% Variable APR on purchases and balance transfers
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site
Chase Freedom Unlimited®

Chase Freedom Unlimited®

Editor’s Score: (4.7/5)
  • Intro bonus:
    Earn an Additional 1.5% Cash Back
  • Annual fee:
    $0
  • Regular APR:
    14.99% – 23.74% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Apply Now externa link icon At Chase’s secure site

Is the Upgrade Triple Cash Rewards Card Right for You?

Editorial Independence

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

The Upgrade Triple Cash Rewards Card could be right for you if you regularly spend on home improvement, automotive services, or personal health and beauty. This card’s unlimited 3% cash back rewards in these categories — which aren’t as common among other cash back cards — can be a great way to add value to necessary budget items. 

It also makes a good starter credit card or card for people with less-than-stellar credit. By using this card responsibly, you get the chance to build credit and boost your score while also earning valuable rewards.

Even so, there are plenty of other credit cards out there to consider that may better maximize your everyday spending or help you build credit more quickly. Before you apply, compare the Upgrade Triple Cash Rewards Card to other cash back credit cards and credit-building cards to find the best fit for you.

Frequently Asked Questions (FAQ)

Is the Upgrade Triple Cash Rewards Card a real credit card?

The Upgrade Triple Cash Rewards Card is a real Visa credit card, and you can use it anywhere Visa is accepted around the world.

Does the Upgrade Triple Cash Rewards Card charge foreign transaction fees?

No, this card doesn’t charge foreign transaction fees.

Which bank issues the Upgrade Triple Cash Rewards Card?

The Upgrade Triple Cash Rewards Card is issued by Sutton Bank.

What is the credit limit on the Upgrade Triple Cash Rewards Card?

Your credit limit can fall between $500 and $25,000 depending on your credit score, your income, and other details in your application.