Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Upgrade Promotions and Bonus Offers of December 2024

Earn a $200 welcome bonus with the Upgrade Card and Reward Checking Plus account.

Upgrade offers a variety of banking and lending products, including the Upgrade card with credit lines up to $25,000 and cash back on purchases — a perk typically reserved for credit cards. Currently, Upgrade has a $200 welcome bonus for getting the card and opening a new checking account.

All Upgrade bonuses at a glance

Bonus typeBonus amountRequirementsLearn more
Upgrade Card welcome bonus$200Open and fund a new Rewards Checking Plus account and make three qualifying debit card transactions using the Upgrade Card within 60 days of opening.

New customers only.

Go to site

Upgrade’s best bonus offer

Upgrade’s best bonus is its $200 welcome offer when you get the Upgrade Card and open a Rewards Checking Plus account.

To qualify for the bonus, you need to be a new Rewards Checking Plus account customer and get the Upgrade Card. You need to make at least three qualifying debit card transactions within 60 days of meeting the requirements. Keep your account in good standing to receive the funds.

What does Upgrade consider a qualifying transaction?

Upgrade does not consider the following transactions as qualifying for bonuses or rewards:

  • ATM transactions
  • In-store cash withdrawals or cashback transactions
  • Transactions identified by a merchant as not eligible for rewards

How does the Upgrade Card work?

The Upgrade Card sort of works like a credit card and personal loan in one. The card will have a limit between $500 and $25,000, and you have predictable monthly payments with a fixed interest rate. The card can earn up to 1.5% cash back on all purchases. If you have an owed balance, your cashback rewards are applied to the Upgrade Card balance after your next scheduled payment. If you don’t have an owed balance, you can elect to have the cash back sent to a bank account on file.

Compare more bank account bonuses

Upgrade is a fintech that provides bank accounts, credit cards and other financial products through its partner, Cross River Bank. Its savings account offers a strong 4.41% APY if you maintain a balance of $1,000, and its checking account comes with a cashback card.

But you must be comfortable with an all-digital banking process as Upgrade doesn’t have physical branches. Plus, it doesn’t allow cash deposits. If Upgrade isn’t right for you, compare more bank account bonuses to earn some extra cash when you’re switching banks.

BankBonus offerMore info
PNCUp to $1,000Learn more
Axos bankUp to $400Learn more
SoFi®Up to $300Learn more
Fifth Third BankUp to $300Learn more
ChimeUp to $100Learn more
VaroUp to $25Learn more

Frequently asked questions

Are there banks with immediate signup bonuses?

Unfortunately, most banks don’t pay signup bonuses immediately. Most bonuses have specific conditions to meet, such as spending a certain amount within a designated period. After meeting those conditions, most banks will issue the signup bonus within 30 to 90 days, provided your account remains open and in good standing.

Bethany Hickey's headshot
To make sure you get accurate and helpful information, this guide has been edited by Bethany Hickey as part of our fact-checking process.
Holly Jennings's headshot
Written by

Copy Editor

Holly Jennings is an editor and updates writer at Finder, working with writers across all niches to deliver quality content to readers. She’s edited hundreds of financial articles ranging from credit cards to investments. With empathy at heart, she especially enjoys content that breaks down complex financial situations into easy-to-understand information. Prior to her role at Finder, she collaborated with dozens of small businesses to maximize the reach and impact of their blog posts, website copy and other content. In her spare time, she is an award-winning author for Penguin Random House, writing about virtual reality worlds, magical girls and lasers that go pew-pew. See full bio

Holly's expertise
Holly has written 18 Finder guides across topics including:
  • Business loans
  • Credit scores
  • Personal finance
  • Banking bonuses

More guides on Finder

Ask a question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site