Credit Cards (US)
Upgrade Bitcoin Rewards Visa® Card review
Upgrade features a card that offers free cryptocurrency with low costs. If you think this kind of reward is good for you, then read our Upgrade Bitcoin Rewards Visa® review!
Upgrade Bitcoin Rewards Visa® card: get rewarded in bitcoin!
If you are into investments and technology, you probably have already searched for bitcoin. Now, there is a credit card that offers it as a reward when you pay your balance. So, in this Upgrade Bitcoin Rewards Visa® review, you’ll learn all about it!
Plus, this card works as a hybrid credit card and personal loan. That is if a balance is carried an installment plan is applied at a fixed-rate and terms.
Also, Upgrade claims that it offers a lower cost in interest in the market compared to other credit cards.
But, before applying for this Visa®, keep reading our article to learn how it works and check if it is a good option for you.
|Credit Score||Good – Excellent|
|Regular APR||14.99%-29.99% variable APR.|
|Welcome bonus||$200 bonus after opening a Rewards Checking account and making 3 debit card transactions.|
|Rewards||Up to 1.5% back in bitcoin on all payments|
How does the Upgrade Bitcoin Rewards Visa® credit card work?
The Upgrade Bitcoin Rewards works as a hybrid credit card and personal loan. It charges a variable APR and no annual fee.
Also, it rewards free cryptocurrency when you pay your debt balance so you can sell it later. Note that this bitcoin earned will be held in the NYDIG wallet – a bitcoin company –, and it can be redeemed as a statement credit only.
Furthermore, the credit line offered ranges from $500 to $25,000, which is pretty good. Plus, it doesn’t charge a foreign transaction fee.
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Upgrade Bitcoin Rewards Visa® benefits
With this Upgrade card, you can earn up to 1.5% unlimited rewards that are paid in bitcoin. You can sell it and redeem it as a statement credit.
Furthermore, the credit card doesn’t charge an annual fee or a foreign transaction fee. Customers say that, even though it requires at least a good credit score for the application, the process is simple and fast.
And, it is a Visa®, after all, so you can enjoy all the convenience and acceptance in your day-to-day.
However, before applying for this card, check out the list of pros and cons right below!
- No annual fee;
- No activation fee;
- No foreign transaction fees;
- Rewards as unlimited bitcoin;
- Credit lines ranging from $500 to $25,000;
- Very simple and fast to apply;
- $200 bonus after opening a Rewards Checking account and making 3 debit card transactions;
- Pay with your phone or device by using Apple Pay™ or Google Pay™;
- Visa® convenience and acceptance;
- You can split your balance into fixed monthly installments;
- There’s a pre-qualification option with only a soft inquiry;
- There is a 1.5% transaction fee to sell your crypto earned as rewards
- Rewards can only be used as a statement credit
- It is useful if you are interested in investing bitcoin
- It requires a good and perfect credit score
- There is no welcome bonus
- This card is not available in DC, IA, WV, WI, NC, NH, and HI.
How good does your credit score need to be?
If you are interested in earning bitcoins, you may be eligible to apply for an Upgrade credit card. But note that it is not available in some territories. And it requires at least a score of 630+.
How to apply for a Upgrade Bitcoin Rewards Visa®?
It is simple and fast to apply for one. And we will explain it all to you. Then, read our next post to get your Upgrade Bitcoin Rewards Visa® credit card!
Disclaimer: To qualify for the welcome bonus, you must open and fund a new Rewards Checking account and make 3 qualifying debit card transactions from your Rewards Checking account within 60 days of the date the Upgrade Card account is opened. To qualify, debit card transactions must have settled and exclude ATM transactions. Please refer to the applicable Upgrade VISA® Debit Card Agreement and Disclosures for more information. Your Upgrade Card and Rewards Checking account must be open and in good standing to receive a bonus. If you have previously opened a Rewards Checking account or do not open one as part of this application process, you are not eligible for this welcome bonus offer. Welcome bonus offers cannot be combined, substituted, or applied retroactively. The value of the $200 bonus will be based on the value of bitcoin at the time it is purchased (within 1-2 statement periods from the date the bonus is earned) and may change in price by the time you choose to sell it. Refer to Program Terms. Bonuses associated with the Upgrade Card, when applicable, are provided by Upgrade, Inc.
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