Upgrade Cash Rewards – How to apply

By Marcos • 01/07/2025

This credit card is perfect for those who want many benefits and enjoy all related advantages.

The card Upgrade Cash Rewards is an innovative credit card that combines cash reward benefits with personal loan features.

Brought to you by Upgrade, a fintech company specializing in smart credit solutions, this card allows users to pay off their debts over time with more competitive interest rates than traditional credit cards, while paying for their daily transactions. 

In addition to cashback, the Upgrade Cash Rewards Card has a simple structure and no annual fee. This card is a great option for those looking for a way to save money and pay for purchases systematically. 

You also have the option of redeeming the cashback you earn as a bill credit or having the amount deposited directly into your bank account, making its benefits more flexible and advantageous.

This card is perfect for those looking for an easy way to better control their personal finances and earn cash rewards without the hassle. If you’re looking for a card that combines cashback benefits with a more structured credit structure, the Upgrade Cash Rewards Card is for you.

How does theUpgrade Cash Rewards credit card work? 

The Upgrade Cash Rewards Card works in a very unique way compared to other credit cards. When you make purchases, the total amount of the transaction is converted into an installment balance with fixed monthly payments and lower interest rates than traditional cards. 

When you use the card to make purchases, you earn 1.5% cashback on every transaction you make. This cashback is automatically credited to your account, allowing you to use it to reduce your bill balance or even transfer it to your bank account. 

Another interesting feature is the possibility of creating fixed monthly installments for any balance you accumulate.This option allows you to better control your payments over time, without being surprised by high interest rates, something that is common with other credit cards. 

Main benefits of Upgrade Cash Rewards

• Simple and straightforward cashback: The Upgrade Cash Rewards card offers 1.5% cashback on all purchases made with the card, with no categories or restrictions.

Cashback is accumulated automatically and can be used to pay bills or transferred to your bank account, giving you flexibility in redeeming your rewards.

• Low interest purchase rates: Unlike traditional credit cards that charge high interest rates on unpaid balances, the Upgrade Cash Rewards card allows you to convert your purchases into fixed monthly installments with low interest rates.

This provides a more economical way to spread payments over a longer period of time without straining your budget.

• No annual fee:One of the great benefits of the Upgrade Cash Rewards Card is that there is no annual fee. 

This makes the card even more accessible and advantageous for those who don’t want to pay annual membership or maintenance fees. This is a great option for those who want to collect rewards at no extra cost.

Cons of Upgrade Cash Rewards

• Variable interest rates: The Upgrade Cash Rewards Card offers lower interest rates than traditional credit cards, but the APR is variable and can be higher than some personal loan options.There is. This rate can be an inconvenience for people who can’t pay their bill in full immediately.
• Cashback Limitations on Certain Transactions:Although 1.5% cashback is applied to all purchases, the amount obtained through the rewards program may vary depending on other rewards credits with more specific categories or larger bonuses. 

When compared to cards, it may not be as advantageous.For example, those looking for cash back in travel or restaurant categories may find this card less competitive.

• Cashback redemption limitations: Cashback redemption is flexible, but transferring the amount to your bank account can take a short processing time.This may not be ideal for those who want instant access to benefits.

APR and fees

The Upgrade Cash Rewards card offers variable interest rates from 15.99% to 9.99% depending on the applicant’s credit profile.The initial costs are relatively low, but can be expensive if you don’t pay the balance in full or if you fall into arrears. 

It’s important to keep an eye on this rate to avoid a high financial burden, especially if you choose to pay in installments.

How to apply for the Upgrade Cash Rewards

You can apply for an Upgrade Cash Rewards card online directly on the Upgrade website. 

The application process is simple and requires you to enter personal information such as name, address and financial information so that the company can carry out a credit analysis.

Once your card is approved, it will be sent to your registered address and you can use your card immediately to receive cashback on all your purchases. The activation process is quick and account management is easy via the mobile app or updated website.