Upgrade Triple Cash Rewards- How to apply

By Raquel Oliveira • 03/19/2025

Upgrade Triple Cash Rewards 1% cash back on all other purchases and no annual fee.

Upgrade Triple Cash Rewards card is an innovative credit card that combines the traditional benefits of a credit card with the concept of fixed installments on purchases and rewards.

In addition to generous benefits, the card allows users to pay for their purchases in fixed installments at low interest rates.This is a great advantage for those looking for a systematic way to pay off debts without resorting to high interest rates.

Focused on efficient financial management, the card also offers users the possibility of directly managing their personal finances via an online platform that allows them to track spending, cashback and installment balances. 

This ensures tighter budget control and is ideal for those who want to avoid the financial pitfalls of traditional credit cards.

How does the OpenSky Secured Visa credit card work? 

This card functions differently from standard credit cards. Instead of revolving credit with minimum payments, your purchases are structured into fixed monthly installments. This method helps you avoid long-term debt and high-interest costs.

Each time you make a purchase, the total amount is added to your balance. Rather than making flexible payments, you follow a clear repayment plan. This structure is similar to a personal loan, ensuring you always know when your balance will be paid off.

You can use the card anywhere Visa is accepted. Whether for shopping, home improvements, or medical bills, you’ll earn rewards while following a predictable payment schedule. This makes it an excellent tool for managing finances efficiently.

While it offers flexibility, the lack of a 0% APR introductory period means interest begins accumulating right away if you carry a balance. If you’re looking for a card with an interest-free period, this may not be the best choice.

Main benefits of Upgrade Triple Cash Rewards

One of the standout benefits of this card is its 3% cash back on select categories. If you frequently spend on home maintenance, auto repairs, or healthcare, you can maximize your rewards effortlessly.

Unlike some rewards cards, there’s no need to track rotating categories. The fixed cash-back rates make it simple to earn rewards. You’ll also get 1% cash back on all other purchases, making it a good general-use card.

Another key advantage is the fixed repayment system. Instead of just paying the minimum and letting interest accumulate, your purchases are structured into predictable payments. This helps you avoid lingering debt.

Lastly, there’s no annual fee. Many rewards cards charge a yearly cost, but with this one, you keep every dollar you earn in cash back. This makes it a cost-effective option for budget-conscious users.

Is the Upgrade Triple Cash Rewards Card Right for You?

The Upgrade Triple Cash Rewards Card is a great option for anyone who wants predictable payments while earning rewards on essential expenses.

If you frequently spend on home improvements, auto maintenance, or healthcare, the 3% cash back can provide meaningful savings. The structured repayment plan also makes it easier to manage debt, preventing endless revolving balances.

However, this card might not be the best fit for those who prefer traditional credit cards with flexible payment options. If you want higher cash back on categories like dining or travel, other cards may offer better rewards.

If you like the idea of combining credit card flexibility with installment loan-style payments, this card could be a strong choice. Just be sure to pay off balances quickly to minimize interest costs.

Cons of Upgrade Triple Cash Rewards

• Variable interest rate: The interest rate on the Upgrade Triple Cash Rewards card is lower than on other cards, but it is still variable. It can increase depending on the applicant’s credit profile and payment history.
• Limited cashback on some transactions:This card offers 3 cashbacks on supermarkets and streaming services, but it doesn’t cover all popular shopping categories.
• Minimum redemption:To redeem cashback, there may be a minimum amount to transfer to your bank account or apply to your bill. This can be inconvenient for those who want to access rewards more quickly.

APR and fees

The Upgrade Triple Cash Rewards Card has a variable APR, which ranges from 14.99% to 29.99%, depending on your credit profile. If you qualify for a lower rate, it can be competitive, but higher rates make carrying a balance expensive.

One major advantage is that there’s no annual fee. Unlike some rewards cards, you won’t have to pay to keep your account open. However, late or returned payments could result in penalties, so it’s important to stay on top of due dates.

There may also be fees for certain transactions, such as cash advances or balance transfers. While the lack of an annual fee makes it appealing, always check the fine print to understand potential costs.

How to apply for the Upgrade Triple Cash Rewards

Triple Cash Rewards card is easy and can be done directly on the official upgrade website.As part of the application process, you must provide personal and financial information, such as your name, address and social security number, so that the company can carry out a credit check.

Once approved, your card will be sent to the specified address and is ready for use.The activation process is quick and you can start earning cashback immediately. In addition, managing the card, including tracking benefits and fees, is easily done via the Upgrade website or app. 

The card offers instant access to cash rewards, which you can redeem and use to pay your bills. This provides unique flexibility for those who want more control over their finances.