Upgrade Triple Cash Rewards – How to Apply

By Raquel Oliveira • 03/10/2025

Upgrade Triple Cash Rewards Credit Card Earn high rewards on their everyday purchases. 

Offering 3% cash back on select categories such as dining, travel, and online shopping, this card is perfect for those who want to earn the most on the things they buy most often.

With 1% cash back on all other purchases, it ensures that you’re always earning rewards, regardless of what you buy.

This card also offers the ability to convert large purchases into fixed monthly installments, giving you more flexibility in managing your expenses. 

Additionally, with no annual fee and no foreign transaction fees, the Upgrade Triple Cash Rewards Credit Card provides great value for those who want to earn rewards without paying extra fees.

How does Upgrade Triple Cash Rewards work?

The Upgrade Triple Cash Rewards Credit Card offers 3% cash back on select categories such as dining, travel, and online shopping, up to a specified spending limit each quarter.

These categories change periodically, so you can maximize your rewards by spending in the categories that earn the highest rate.

In addition to the rotating 3% categories, the card also provides 1% cash back on all other purchases, so you’re always earning rewards on everything you buy. To take full advantage of the 3% cash back, you’ll need to activate the categories each quarter.

This gives you more control over your spending and helps you manage large purchases by breaking them up into manageable payments.

Main benefits

• Earn 3% cash back on purchases related to home, auto, and health expenses
• Receive 1% cash back on all other purchases, offering consistent rewards
• No annual fee, keeping costs low while maximizing rewards
• Fixed repayment system prevents accumulating long-term debt
• No need to track rotating categories or activate rewards

Cons for the Upgrade Triple Cash Rewards

While the Upgrade Triple Cash Rewards Credit Card offers excellent cash back rewards, there are some downsides to consider. 

One of the main drawbacks is that the 3% cash back is limited to select categories that change each quarter, and you need to activate them to earn the higher rewards rate. If the categories don’t align with your spending, you may not earn as much in rewards.

The card’s 1% cash back on all other purchases is lower than some other cards that offer higher rewards on specific categories. If you’re looking to earn more on every purchase, you may want to consider other options.

Additionally, while the card offers monthly installment payments, there may be fees for using this feature, which could add to the cost of large purchases. The APR for the card can also be relatively high, so it’s important to pay off your balance each month to avoid interest charges.

APR and Fees

The Upgrade Triple Cash Rewards Credit Card has a relatively high APR, typically around 24.99%, which can be costly if you carry a balance. It’s important to pay off your balance in full each month to avoid high interest charges.

The card has no annual fee, which is a major advantage for earning cash back without paying extra fees. However, it does charge a foreign transaction fee of 3%, which could be a drawback if you plan to use the card for international travel.

How to Apply for the Upgrade Triple Cash Rewards Credit Card

Applying for this card is a straightforward process. Start by visiting the Upgrade website and filling out the online application with basic details such as income, employment status, and financial history.

One standout feature is that applicants can check for pre-approval without impacting their credit score. This allows you to see potential credit limits and terms before committing to a hard credit inquiry.

Once approved, the card will be mailed to you, and you can begin managing your account through the Upgrade app.

The app makes it easy to track spending, view payment schedules, and redeem rewards. With a clear structure and straightforward benefits, this card is a great option for responsible credit use.

Is the Upgrade Triple Cash Rewards Card Right for You?

The Upgrade Triple Cash Rewards Card is ideal for individuals who want a predictable payment structure while earning cashback rewards on essential expenses.

If you frequently spend on home improvements, auto maintenance, or healthcare, the 3% cash back can lead to significant savings over time. The structured repayment plan also helps prevent the accumulation of revolving debt.

However, this card may not be the best choice for those who prefer traditional credit cards with flexible payment options. If you want higher cashback rates on dining, travel, or entertainment, other cashback cards may be a better fit.

For consumers looking to combine credit card flexibility with installment loan-style payments, this card offers a compelling solution. Just be sure to pay off balances as quickly as possible to minimize interest costs.

How to Maximize Your Upgrade Triple Cash Rewards Card

To get the most out of this card, it’s important to strategically use it for purchases that qualify for 3% cashback. Spending on home improvements, auto repairs, and healthcare expenses will maximize your rewards potential.

Since the card doesn’t offer a 0% APR period, avoiding interest charges is crucial. Pay off your balance in full each month whenever possible to prevent unnecessary fees and keep more of your cashback earnings.

Another smart strategy is to set up autopay for structured payments. This ensures that you never miss a due date, avoiding potential late fees and maintaining a positive payment history.

If you have existing high-interest debt on another credit card, you can use this card’s structured repayment system to pay it down more effectively. By treating it like a personal loan, you can reduce overall interest costs and improve financial stability.

Final Thoughts on the Upgrade Triple Cash Rewards Card

The Upgrade Triple Cash Rewards Card is an excellent choice for individuals who value structured payments, reliable cashback rewards, and a no-annual-fee structure.

It offers a great way to earn rewards on essential spending categories while keeping debt under control.

While it lacks a 0% APR introductory offer and a sign-up bonus, its predictable repayment plan and fixed cashback rates make it a strong option for those who prefer financial stability over traditional revolving credit.

If you’re looking for a credit card that combines the flexibility of a credit line with the discipline of structured payments, this card is a smart choice. Used wisely, it can help you manage debt efficiently while earning valuable cashback rewards.