On February 18th, 2017 Barclays (then known as Barclaycard) discontinued the Upromise credit card. On April 25th, 2018 existing cardholders were product changed to the new Upromise Mastercard, but it wasn’t possible to sign up for that card directly. It’s now possible to sign up directly, but I can’t see any reason why you’d want to as the benefits are as follows:
- 1.25% cash back on all purchases
- 15% redemption bonus when you automatically redeem your cash back into a 529 account
- Can also enroll your card in Round Ups (rounds up your purchase to the nearest dollar and then transfers this into a college saving account)
- No annual fee
I can’t see why anybody would actually want this card. The old card was useful because you could earn 5% back on Upromise portal pruchases, but that is no longer a feature.
Hat tip to Vanthor1997 on myFICO
