Rates, Fees and Terms
Credit Lines opened through Upgrade feature Annual Percentage Rates (APRs) of 21.96% - 29.99% and line amounts ranging $500 - $2,000. Optional ACH transfers to your bank account, balance transfers, ATM withdrawals (if available), and foreign transactions are subject to applicable fees that, if incurred, will increase your finance charge and APR. Late fees and insufficient funds fees may apply. The lowest rates require Autopay and the majority of the line amounts will be $1,500 or under. For example, a $1,000 transaction with a 36 month term and a 22.00% APR has a required monthly payment of $38.68. The APR on your transaction may be higher or lower. Your rate, line amount, and default term depend on maintaining a qualifying credit score, your credit usage history, requested amount, and other factors. The Upgrade Card is unique in that it allows you to obtain a series of closed-end loans which you may access through transactions such as card purchases up to the approved line amount. As you repay your balance, additional credit may become available to you up to the approved line amount subject to meeting our credit requirements, but your line will not replenish automatically.
The $39 Annual Fee will be waived for the first year. To continue to have access to your credit line, on the first anniversary of your account opening and on each anniversary thereafter, you will be charged the $39 Annual Fee. The fee is non-refundable and applies whether or not you use your Upgrade Card. It will be paid as a draw on your credit line, billed in twelve (12) equal monthly installments with no interest, and will reduce the amount of credit you have available.
Upgrade Shopping
With Upgrade Shopping powered by Dosh® you accrue cash back on qualifying purchases at participating merchants. For the current list of participating merchants and offers available to you, go to Upgrade Shopping on your account dashboard. Participating merchants and offer terms may be changed from time to time without notice. For full cash back shopping terms, please review the Upgrade Shopping Program Terms and Conditions and Upgrade Shopping Powered by Dosh Terms of Service and Dosh Privacy Policy.
Visa Zero Liability Policy
With Visa Signature benefits, certain restrictions, limitations and exclusions apply. With Visa’s Zero Liability Policy, you won’t be held responsible for unauthorized transactions made using your Upgrade Card or card information, when you report them promptly. This does not apply to transactions not processed by Visa. Terms apply. For more information, please refer to your Cardholder Agreement.
ATM Acceptance
Your Upgrade Card is not an ATM card and cannot be used for transactions requiring a PIN.