Update 4/20/22: Some people now seeing a $500 bonus via Credit Karma. See also this comment for how to get this to show.
Update 1/28/22: Some are now seeing a $400 bonus on Upgrade UNLIMITED Cash Rewards Visa (previous bonus was for the ELITE card). Unsure if you can do both. Showing up here for some. Hat tip to aran
Update 12/29/21: Readers are reporting being offered a $400 bonus via Credit Karma on this card. Earn a $400 bonus on your Upgrade Card after opening a Rewards Checking account and making 3 debit card transactions within 60 days. If anybody can provide the full terms and conditions in the comments that would be great.
Upgrade (alternative credit platform) has today launched the a rewards checking account.
- Card earns at the following rate:
- 2% cash back on common everyday expenses at convenience stores, drugstores, restaurants and bars – including deliveries – and gas stations, as well as recurring payments on utilities and monthly subscriptions including phone, cable, TV and other streaming services. Up to a cap of $500 in rewards ($25,000 spend) per year and then 1% per year
- 1% cash back on all other purchases
- No monthly fees
I don’t see how 1% cash back with no cap and very little to no fees is sustainable long term. Upgrade has raised $222 million in venture capital though, so nothing should be surprising when it comes to these new neo banks I guess.
