Guide to the Upgrade Triple Cash Rewards Visa

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Do you want to earn industry-leading cash back on home improvement projects, auto repairs and health expenses? The Upgrade Triple Cash Rewards Visa® offers unlimited 3% cash back on home, auto and health purchases (plus 1% on everything else) – and gives you the ability to pay off those purchases in fixed monthly installments.

What is the Upgrade Triple Cash Rewards Visa? You might already be familiar with the Upgrade Visa® Card with Cash Rewards, a Visa card that combines the best features of a credit card and a personal loan. The Upgrade Triple Cash Rewards card takes this concept one step further, offering high-level cash back on home, auto and health purchases, while allowing cardholders to split their balance into predictable monthly payments.

If you’re thinking about buying a new car on credit or funding a big home improvement project, it might be worth applying for the Upgrade Triple Cash Rewards card before you start – and our guide to the Upgrade Triple Cash Rewards Visa can help you decide whether the Upgrade Triple Cash card is right for you.

What is the Upgrade Triple Cash Rewards Visa?

The Upgrade Triple Cash Rewards Visa is a credit card that combines the flexibility of a credit card with the stability of a personal loan. With the Upgrade Triple Cash Rewards card, you have the option to pay off your balance in full every month – but you can also pay off your balance on a monthly installment plan that allows you to split your credit card charges into fixed, predictable payments.

How is the Upgrade Triple Cash Rewards Visa different from other credit cards? With most traditional credit cards, your monthly bill is higher or lower depending on the charges you made during the month. With the Upgrade Triple Cash Rewards card, any charges you make are divided into equal monthly payments, which means you always know how much money you’ll need to set aside to pay your credit card bill each month.

Plus, the Upgrade Triple Cash Rewards Visa offers high-level cash back rewards on home, auto and health purchases – so if you’re planning to tackle a home improvement project or invest in much-needed auto repairs, the Upgrade Triple Cash card can help you earn cash back on your purchases and pay them off in fixed monthly installments.

Upgrade Triple Cash rewards

The Upgrade Triple Cash Rewards Visa offers unlimited 3% cash back on purchases in the home, auto and health categories and 1% cash back on all other purchases. Here are some examples of qualifying purchases in each Triple Cash category:

• Home: Home improvement purchases, landscaping services, heating and A/C, plumbing
• Auto: New or used car purchases, automotive repairs, car washes, tire replacements, towing services
• Health: Physician and dentist visits, health and beauty purchases, gym memberships, spa treatments, counseling services

As you can see, your Upgrade Triple Cash Rewards card covers a lot of options – and when you combine unlimited 3% cash back rewards with the Upgrade Triple Cash card’s installment payment plan, the Upgrade Triple Cash Rewards Visa becomes one of the best credit cards for large purchases. If you wanted to buy a car with a credit card, for example, putting the cost of your new vehicle on the Upgrade Triple Cash Rewards card might be a good option. The Upgrade Triple Cash Rewards card is also an excellent choice for people who want to put home improvement projects on credit. And you can also earn that 3% cash back rewards with the Upgrade Triple Cash Rewards when you use your card to pay for a visit to the doctor before you hit your health insurance deductible.

Upgrade Triple Cash installment plan

You have two options for how to pay off your Upgrade Triple Cash Rewards Visa card. You can pay off your balance in full every month, or you can have your balance converted into fixed monthly payments.

The Upgrade Triple Cash installment plan gives you the opportunity to pay off your credit card charges in stable, predictable installments. Other types of credit cards make it difficult to predict how much your monthly bill might be, and you likely need to use a credit card payoff calculator to determine how long it will take to pay off your debt. With the Upgrade Triple Cash Rewards Visa, you always know what kind of monthly bill to expect and how long it might take to pay off the full amount.

What about interest rates? If you choose to pay off your balance using the Upgrade Triple Cash installment plan, you’ll pay 8.99% to 29.99% APR depending on your creditworthiness. If you want the lowest possible interest rates, you’ll also need to sign up for Upgrade Autopay to have your monthly payments automatically withdrawn from your bank account.

Other Upgrade Triple Cash card benefits

The Upgrade Triple Cash credit card is a no-fee line of credit. Not only do cardholders get the benefits of a no-annual-fee credit card without having to worry about common credit card fees, such as late payment fees or cash advance fees, but the Upgrade Triple Cash card also eliminates certain fees associated with installment loans, such as prepayment fees.

On the subject of cash advance fees: The other major benefit of the Upgrade Triple Cash card is the ability to withdraw money from your line of credit and send it directly to your connected bank account. This no-fee cash advance gives you the opportunity to use your Upgrade line of credit even in situations where credit cards might not be accepted, such as rent payments.

Any cash you withdraw from your Upgrade Triple Cash card will be added to your monthly balance and (if you don’t pay off your balance in full) will become part of your installment payment plan.

Upgrade Triple Cash card vs. Upgrade Card

If you are trying to decide between the Upgrade Triple Cash card and the original Upgrade card, ask yourself whether you would prefer a card that earns 1.5% cash back on all purchases or a card that gives you the opportunity to earn unlimited 3% cash back on home, auto and health purchases (and still 1% on all other purchases).

If you prefer a flat rate cash back credit card that earns the same rewards on every purchase, the Upgrade Card is your best option. However, if you plan to spend a lot of money in the home, auto or health categories and want higher cash back rewards combined with predictable monthly payments, you’ll probably want to apply for the Upgrade Triple Cash card.

Still unsure which card is best for you? Read our complete Upgrade Card guide before making your decision.

Should you apply for an Upgrade Triple Cash card now?

The Upgrade Triple Cash Rewards Visa is an excellent choice for people who want a line of credit that offers the benefits of both a credit card and a personal loan. When you combine the Upgrade Triple Cash Rewards unlimited 3% cash back on home, auto and health purchases (plus 1% on other purchases) with the ability to pay off your purchases in fixed monthly installments, it’s easy to see why the Upgrade Triple Cash card might be a good addition to your wallet.

That said, it’s always good to ask yourself whether you have a plan for paying off any purchases you make on your Upgrade Triple Cash Rewards card – especially because the Upgrade Triple Cash card’s reward structure might encourage you to spend a little extra on home improvement projects. Remember: Even though you’ll be able to pay off your charges in predictable monthly payments, you’ll still pay interest on any balance you carry on your Upgrade Triple Cash Rewards card. If you put too much debt on your Upgrade Triple Cash card, those interest charges could cost you a lot of money over time.

Luckily, you won’t have to pay any fees if you decide to pay off your Upgrade Triple Cash card early, which is one more good reason to consider applying for the Upgrade Triple Cash card. If used responsibly, this card can offer you a high rewards potential