Upgrade Visa with Cash Rewards Card Review: Earn 1.5% Flat Cash Back While Building Credit

We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.
Upgrade Visa® Card with Cash Rewards Upgrade Visa® Card with Cash Rewards
Editor’s Score: (N/A)
Learn more externa link icon At our partner’s secure site.
Upgrade Visa® Card with Cash Rewards
Editor’s Score: (N/A)
  • Intro bonus:
    N/A
  • Annual fee:
    $0
  • Regular APR:
    8.99% – 29.99% APR
  • Recommended credit score:
    580-740 (Fair to Good)
Rewards rate:

Earn 1.5% unlimited cash back on card purchases every time you make a payment.

NextAdvisor’s Take

Pros
  • Earn 1.5% back as you make payments
  • Fixed interest and standard monthly payments if you carry a balance
  • No annual fee
  • Available for average credit
Cons
  • No welcome bonus
  • Potentially high APR
  • Balance transfers not allowed
The Bottom Line
The Upgrade Visa with Cash Rewards Card offers 1.5% cash back on everything — but you’ll earn your rewards as you make payments toward the charge, not when you purchase. There’s no annual fee, and you can qualify for this credit-building card with a less-than-perfect credit score. If you need to carry a balance, fixed payoff plans help you pay down your balances faster.

Additional Card Details

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

Upgrade Visa with Cash Rewards Card Full Review

Card Type

The Upgrade Visa with Cash Rewards is a cash back credit card with flat cash rewards. It can also help you build credit, since you can qualify with average or “fair” credit, or FICO Scores that fall between 580 and 669.

Annual Fee

The Upgrade Visa with Cash Rewards does not charge an annual fee.

Welcome Offer

This card doesn’t offer a welcome bonus of any kind, though many other cash back card options do.

Introductory Offer

There is no 0% introductory APR offer for new purchases or balance transfers when you sign up for this card.

Rewards

The Upgrade Visa with Cash Rewards earns a flat rate of 1.5% cash back. You’ll earn your rewards as you pay off the purchases charged to your card, not as you buy. That means if you carry a balance with this card it can take longer to earn rewards. 

And you won’t choose when to redeem your cash rewards — as you earn them, rewards are automatically added to your next monthly balance as statement credits.

Fees

This card doesn’t charge an annual fee. You also won’t pay foreign transaction fees, transfer fees, late payment fees, or other fees of any kind.

Other Benefits

The Upgrade Visa with Cash Rewards is very light on benefits, which is common among cards for building credit. 

When you charge purchases to this card, you will have the option to pay your balance off in fixed, predictable monthly payments, and you can qualify for a credit line up to $25,000. The Upgrade Visa with Cash Rewards also reports to the three credit bureaus (Experian, Equifax and TransUnion), so it can help you build credit over time.

Benefits of Upgrade Visa with Cash Rewards Card

The Upgrade Visa with Cash Rewards card’s biggest benefit is its 1.5% flat cash rewards. 

Though it’s always smart to pay your balances in full each month, this card also has a unique payoff structure that can help bring down the cost of carrying a balance. You can pay your purchases off over a fixed term with a fixed interest rate — more like a personal loan than a traditional revolving credit card. Your assigned rate, term, and your overall credit line will depend on your credit score, credit history, and other factors. 

Finally, the Upgrade Visa with Cash Rewards doesn’t charge an annual fee or any other fees. Cards for credit-building can often charge monthly fees or activation fees that can make it costly to build credit, so this card’s lack of fees can help you save even more money over the long run.

Drawbacks of Upgrade Visa with Cash Rewards Card

The Upgrade Visa with Cash Rewards does fall short in a few areas, including the fact that it doesn’t offer a welcome bonus. By contrast, many cash back credit cards offer bonuses of $200 or more when you can meet a minimum spending requirement within the first few months.

The variable APR this card charges can also range from relatively low to extremely high (8.99% to 29.99%). If your credit score isn’t great and you find yourself with a variable APR on the high end of this card’s range, your debt can become rather costly despite the fixed repayment timeline. To qualify for the lowest rates, you must also enroll in autopay.

How to Use Upgrade Visa with Cash Rewards Card

Before you apply, you can see what credit limit you qualify for on Upgrade’s site, without undergoing a hard credit check. This can help you determine whether you’re eligible for competitive terms without submitting an application.

The Upgrade Visa with Cash Rewards can help you build credit if your credit score is less-than-great. Plus, you can earn 1.5% back on every purchase. Just remember, since the Upgrade Visa with Cash Rewards offers rewards based on payments, you’ll earn 1.5% back on the payments you make toward your balance (not when you buy). 

This card can be useful if you need to make a large purchase and pay it down over time. Once you are approved, you may qualify for a credit line of up to $25,000. You can use your card to spend up to your limit, or transfer funds to your bank account, then make payments back toward the credit limit like a personal loan.

Pro Tip

The Upgrade Visa with Cash Rewards Card doesn’t allow balance transfers, but you can use this card to have from your credit line funds sent to your bank account. From there, you can use the cash to consolidate other debts as you pay back toward your credit line in standard monthly payments at a fixed rate.

As you make purchases on your card, you’ll be assigned a fixed monthly payment and repayment timeline within which to pay it down. This means your monthly payment may be higher than the minimum payment on other cards, but that you’ll save on interest and get out of debt faster. 

However, you can avoid interest altogether by paying your balances in full and on time each month before the due date. You’ll forgo any high-interest debts, and get more value from your spending by qualifying for the cash back rewards. 

Upgrade Visa with Cash Rewards Card Compared to Other Cards

Upgrade Visa® Card with Cash Rewards

Upgrade Visa® Card with Cash Rewards

Editor’s Score: (N/A)
  • Intro bonus:
    N/A
  • Annual fee:
    $0
  • Regular APR:
    8.99% – 29.99% APR
  • Recommended credit:
    580-740 (Fair to Good)
  • 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
Wells Fargo Active Cash℠ Card

Wells Fargo Active Cash℠ Card

Editor’s Score: (4.6/5)

Is the Upgrade Visa with 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.

If you’re looking for simple cash rewards, this card can help you earn 1.5% cash back on everything you buy, but remember that you only get your rewards in increments as you pay down your bill. Depending on your credit, you may qualify for other flat cash back credit cards that can offer even more value on your spending — such as the Wells Fargo Active Cash℠ Card , which earns an unlimited 2% cash rewards and no annual fee, plus a cash welcome bonus and 0% intro APR.

If you like the idea of paying down credit card debt with fixed, predictable monthly payments and a shorter repayment period, the Upgrade Visa with Cash Rewards could be right for you. But if you have a large upcoming purchase you’re looking to finance, a card with a generous 0% intro APR on new purchases may be a better option for paying down the cost over time while avoiding interest altogether. 

Before you apply, compare other credit cards that may help you meet your financial goals, whether you want to earn cash back and other rewards, or focus on building credit.

Frequently Asked Questions (FAQ)

What is the credit limit on the Upgrade Visa with Cash Rewards?

The credit limit for this card can range from $500 to $25,000.

Is the Upgrade Visa with Cash Rewards a real credit card?

The Upgrade Visa with Cash Rewards is a Visa credit card — you can use it anywhere Visa cards are accepted.

What credit score do you need for the Upgrade Visa with Cash Rewards?

This card is geared to people with “fair” credit scores, or FICO scores that fall between 580 and 669.

Does the Upgrade Visa with Cash Rewards charge foreign transaction fees?

This card doesn’t charge foreign transaction fees, an annual fee or any other fees.