Upgrade OneCard, Up to 3% Back on Gas, Dining and Drugstores
Upgrade, a fintech company that offers credit cards, mobile banking and payment products, has announced the launch of the Upgrade OneCard. This new product gives users a “Pay Now” option for everyday expenses to make sure they stay within budget and avoid paying interest or fee charges, and use “Pay Later” to spread payments over time.
Upgrade OneCard combines the benefits of both credit and debit cards. Designating purchases as Pay Now helps users stay within budget and avoid any interest or fee charges, while using Pay Later lets users spread their payments over time. Users earn attractive rewards on both Pay Now and Pay Later purchases:
- 3% cashback on many everyday purchases including restaurants, gas stations, and drug stores, and 2% cashback on all other purchases when combined with an Upgrade Rewards Checking Account.
- Apply Here
The Upgrade OneCard doesn’t have a signup bonus. But you can earn $400 when you open an Upgrade Rewards Checking Account that is required to maximize the cash back rates.
Upgrade OneCard is a credit card that includes a Pay Now option which pays off selected purchases automatically from the cardholder’s bank account the day after the purchase settles. This can help users avoid creating unintentional credit card debt on everyday charges that they intend to pay for right away. For purchases that users want to pay for over a few months or years, the Pay Later option lets them pay off their purchases responsibly with fixed installment plans.
Upgrade Rewards Checking
Upgrade offers a $400 bonus for new customers who open a Rewards Checking account. You are not required to open a Rewards Checking account through Upgrade to get OneCard. You can just choose during the application process whether you wish to do so.
If you are approved for OneCard, when you activate your card, you may choose to use any ACH-capable deposit account from your bank of choice. If you choose an external deposit account, your cash back rewards will be lower—1.5% across all purchases, earned after you make repayments—and you will not be eligible for Extra Spending Power.
Rewards Checking customers earn 2% cash back on common everyday expenses at convenience stores, drugstores, restaurants and bars – including deliveries – and gas stations, as well as recurring payments on utilities and monthly subscriptions including phone, cable, TV and other streaming services, and 1% cash back on all other debit card charges. 2% cash back is limited to $500 in rewards per calendar year; after $500, customers earn 1% cash back on all eligible debit card charges for the remainder of the year.
To qualify for the $400 welcome bonus, you must open a new Rewards Checking account through Upgrade and make 3 qualifying purchases on your Upgrade OneCard and/or Rewards Checking debit card within 60 days of your Upgrade OneCard account opening. Non-purchase transactions, such as sending funds electronically to your bank account, do not qualify.
The bonus credit will be posted to your Upgrade OneCard as a statement credit within 1–2 billing periods following the third card transaction. Your Upgrade OneCard must be in good standing to receive or redeem a bonus.
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