The Upgrade Cash Rewards Elite Visa® is a standout choice for savvy spenders seeking the best of both worlds: a credit card's flexibility and a personal loan's predictability. It's a financial multitool that rewards every purchase with cash back, simplifying the rewards experience. The card's appeal is bolstered by its user-friendly features, including a solid mobile app and seamless contactless payments, ensuring convenience and security. Additionally, its commitment to $0 fraud liability and absence of annual fees makes it a reliable option for daily transactions and significant purchases alike, all without the typical financial burden of extra charges.
Upgrade Cash Rewards Elite Visa® Review
Updated: October 23, 2024
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Upgrade Cash Rewards Elite Visa®
On Issuer's Site
Rewards Rate
Earn 2.2% unlimited cash back on purchasesAPR
14.99% – 29.99%Annual Fee
$0Recommended Credit
670-850 (Good to Excellent)Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Upgrade Cash Rewards Elite Visa® Overview
When choosing a credit card, a thorough evaluation of its features is crucial, as they have a significant impact on financial management and personal convenience, encompassing beneficial rewards to potential cost implications.
- Rewards rate - Earn 2.2% unlimited cash back on purchases with every payment
- Welcome offer - Earn $200 bonus with a new Rewards Checking Plus account after three debit card transactions within 60 days
- Regular APR - 14.99%-29.99% variable
- Annual fee - $0
- Intro APR offer - None
Important Card Details
In the ever-evolving world of credit cards, the Upgrade Cash Rewards Elite Visa® presents diverse features, each designed with specific consumer needs in mind. From unique management tools to rewards and security enhancements, this card offers traditional and innovative benefits, catering to various preferences and financial situations.
Cash Back
The Upgrade Cash Rewards Elite Visa® offers a compelling 2.2% unlimited cash back on every purchase with each payment made. This feature stands out for its simplicity and consistency, unlike other cards that may have fluctuating cash back rates or categories. It's ideal for consumers who prefer straightforward rewards without the need to track spending categories. The unlimited aspect ensures that no matter how much you spend, you're always earning back a portion, making it an excellent choice for both small daily expenses and larger purchases.
Welcome Bonus
A standout feature of this card is its welcome bonus. New cardholders can earn a $200 bonus by opening a Rewards Checking Plus account and completing three debit card transactions within 60 days. This bonus is particularly accessible as it doesn't require a high spending threshold, which is common with many other credit card bonuses. This makes it an attractive option for those who may not want to or cannot commit to high initial spending to secure a bonus.
Annual Fee
A significant advantage of the Upgrade Cash Rewards Elite Visa® is its lack of an annual fee. This makes it an excellent choice for budget-conscious consumers who want to avoid extra costs associated with credit cards. Not having an annual fee ensures that cardholders can enjoy the benefits of the card, such as cash back and the welcome bonus, without worrying about an additional yearly charge diminishing their rewards.
Other Perks
In addition to its primary features, this card offers several other perks that enhance its value. Its contactless payment technology provides a convenient and secure way to make transactions, especially in today's increasingly digital world. The ability to quickly check qualifications without affecting credit scores is beneficial for individuals monitoring their credit health. Access to the mobile app is a significant perk for managing accounts on the go, and the $0 fraud liability provides peace of mind by ensuring cardholders are not held responsible for unauthorized charges.
How the Upgrade Cash Rewards Elite Visa® Compares
In this comparison, we'll examine two popular credit cards side by side, focusing on their rewards, fees, APRs and unique features to help you determine which card best suits your financial habits and goals.
How This Card Compares
Upgrade Cash Rewards Elite Visa®
- Rewards rate - Earn 2.2% unlimited cash back on purchases with every payment
- Welcome offer - Earn $200 bonus with a new Rewards Checking Plus account after three debit card transactions within 60 days
- Regular APR - 14.99%-29.99% variable
- Annual fee - $0
- Intro APR offer - None
- Best for those seeking simple high cash-back rewards and a significant welcome bonus, offering the convenience of no annual fee and a variable APR range.
Wells Fargo Active Cash® Card
- Rewards rate - Earn 2% cash rewards on purchases
- Welcome offer - Earn a $200 cash rewards bonus after spending $500 in purchases in the first three months
- Regular APR - 20.24%, 25.24% or 29.99% Variable APR
- Annual fee - $0
- Intro APR offer - 0% introductory APR for 15 months from the date of account opening, then 20.24%, 25.24% or 29.99% Variable APR after that
- Best for individuals seeking straightforward cash rewards, an attainable welcome offer, the advantage of no annual fee and an introductory APR offer. It's suitable for those intending to make significant initial purchases or transfer balances.
About Grace Pilling
Grace Pilling was the Senior Content Manager for Credit Cards at MoneyGeek. She previously led personal finance teams at Bankrate, CreditCards.com and MoneyUnder30.
Pilling has a bachelor's degree in English from Western Sydney University and a diploma in book editing, proofreading and publishing. She is focused on empowering readers to make informed financial choices that support their best lives, not a company’s bottom line.
*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.