Upgrade Rewards Checking review: A simple account for cash-back lovers!
Upgrade Rewards Checking is an account that offers valuable benefits for savvy customers. Read on to discover the features and insights of this offer, including its advantages and disadvantages.
Upgrade Rewards Checking: Get up to 2% cash back on everyday expenses!
This Upgrade Rewards Checking review provides an overview of an ideal solution for those seeking to save while reaping cashback on debit card purchases.
Do you want to learn more about this useful account? Then keep reading our comprehensive review! We’ll explain how it works and more!
- Fees: No transfer fee, no account fees, or ATM fees;
- Minimum balance: No minimum balance is required;
- APY: See terms;
- Credit score: No credit score is required;
- Rewards: 2% cash back on common everyday expenses and unlimited 1% cash back on all other purchases.
Upgrade Rewards Checking: how does it work?
Upgrade Rewards Checking offers some great benefits. First, it rewards cardholders who use the card frequently and responsibly by offering the following:
- 2% cash back on common everyday expenses (up to $500 annually);
- 1% cash back on all other purchases.
And you’ll save money immediately because there are no ATM, overdraft, or monthly maintenance fees attached to this type of account.
Plus, if you become eligible for a loan with Upgrade after signing up for a checking account, you may also qualify for discounted loans.
Once you become eligible for an Upgrade high-yield savings account, you can count on a solid 3.75% APY.
On the other hand, the biggest drawback of having an Upgrade Rewards Checking Account is that there are strict requirements and limits on rewards.
While the card may earn up to 2% back on purchases, it can only earn this amount up to $500 cash back total each year.
Plus, international transfers with third-party institutions may incur fees that cannot be avoided when using this checking account.
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Upgrade Rewards Checking: main features
This account is good for people who don’t spend too much and want cash back on debit purchases. But is it right for you? Compare the pros and cons of this account and find out.
- Up to 2% cash back on everyday expenses;
- No ATM, account, or transfer fees;
- Customers can add a High Yield Savings Account;
- Available to all 50 states.
- No sign-up bonus;
- $500 cash back limit.
Credit score required
Opening a bank account may not always need assessing your credit score, but a bad rating can result in banks denying certain products or services and charging additional fees.
Proactively taking steps to improve one’s financial situation could benefit the future.
Upgrade Rewards Checking application: how to do it?
If you feel ready to apply for an Upgrade Rewards Checking after reading this review, check our post below, and you’ll find all the instructions you need.
About the author / Suzana Brito
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