Hi everyone,
I am considering applying for the Upgrade Card and was wondering if anyone here has experience using it. How do you like it? Are there any pros and cons you have noticed? Specifically, I am interested in understanding the benefits, rewards, fees, and overall user experience.
I’ve had the Upgrade Card for about six months. The 2% cash back on every purchase is a nice perk, and the lack of annual fee is a plus. Just be aware that the APR can be quite high if you carry a balance.
I’ve been using the Upgrade Card for a year now. The fixed monthly payments are great for budgeting, and I appreciate the transparent fees. However, the rewards rate isn’t the best compared to other cards out there.
I won’t suggest that you make advantage of the Upgrade Card. When you upgrade a credit card, the one you are now using will be closed and replaced with a new card. Let’s say you have had a single credit card for the past five years, you have updated it, and you have no other debts or mortgages. What will occur now Your current credit history decreases from five years to zero months, resulting in a net reduction to your credit score (minimum 20–25 points).